, Birmingham, B8

£425,000 Leasehold

Description

Features

Profitable Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS SALES SHOP probably in the region of 5,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Counter, 5 tills with EPOS scanning system,  large curved display deep freezers, 2.5m open cool display unit (used for dairy produce & milk), 2.5m open cool display units ( used for soft drinks & used for beers), 1-2m open cool display unit (used for fruit & vegetables), 2.5m open cool display unit (used for sandwiches & food to go), 3-tier ice cream deep freezer, 16 camera, 2 monitors plus recording.

Stockroom at rear

4 Walk-in Freezers in the storeroom.

Turnover

WE ARE INFORMED the turnover averages £40,000 p.w.  We are further advised that the gross profit is in the region of 25-30%. Sale averages over £65,000, £70,000 weekly for over 2 months a year during Ramadan. Huge potential to increase sales in the right hand as a new Mosque being built right next to the shop showing a huge scope. 

Staff

The business is at present operated as a family concern. 11 Staff employed are a mix of part-time and full time. 

Trading Hours

7:30 AM TILL 12:00 AM seven days per week

Other Income

Counter of butchers currently paying: £33,600 Per Annum.

2 Flats above the shop paying £15,000 Per Annum.

Small unit let out to a vape shop paying £5,400 Per Annum. 

The warehouse generating £8,400 per Annum. 

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £78,000 p.a.

Uniform Business Rates: £30,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £425,000 plus STOCK AT VALUATION (£50,000 approx).


Features

Virtual Tour

Photos

Floorplan

No floorplan found

EPC

No EPC chart found

Street View

Book viewing