Convenience Store for sale in West Midlands

West Midlands


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade of shops, residential area, WEST MIDLANDS

WE ARE INFORMED the turnover averages £7,500/£8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400 p.w. Gross profit 18% approx. At present operated as a Sub Post Office, however we are advised that Post Office Counters Ltd. wish the business to be changed to a Post Office Local & we understand the income is anticipated to be in the region of £42,000 p.a. approx. PLEASE NOTE THE SUB POST OFFICE APPOINTMENT IS ENTIRELY AT THE DISCRETION OF POST OFFICE COUNTERS LTD.

We understand the landlord is prepared to grant, subject to satisfactory references, a new 20 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter ever 4 years.

Uniform Business Rates: £4,763.78 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Thursday inclusive - 7 a.m. - 9 p.m.
Friday & Saturday - 7 a.m. - 10 p.m.
Sunday - 7 a.m. - 8 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £135,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Newsagents
Post Offices
Supermarkets
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