Supermarket 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

Residential area, WEST MIDLANDS

WE ARE INFORMED the turnover curently averages £17,500 p.w. in our opinion offering further potential to increase, especially with additional opening hours. Wholesale newsbill £400/£450 p.w. We understand the gross profit is in the rgion of 20/22% approx. In addition the business sells instant scratch cards plus we understand an on line national lottery terminal has rececently been introduced which should provide additional commission. The business also has Payzone.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £17,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 27 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Monday - Saturday inclusive - 8.30 a.m. - 8 p.m.
Sunday opening - 10 a.m - 2 p.m.
In our opinion there is potential for opening earlier in the morning, if desired & indeed opening later at night & for additional opening hours on Sunday.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTUES & FITTINGS £170,000 plus STOCK AT VALUATION (£30,000/£35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £425,000 plus STOCK AT VALUATION (£30,000/£35,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £170,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
Supermarkets
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