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Convenience Store In Bromsgrove For Sale

Bromsgrove, Worcestershire, UK
Asking Price:
£49,000
Sales Revenue:
£286,000
Cash Flow:
Available on request

Modern Convenience Store and Post Office

Situated in a Good Residential Area of Bromsgrove

Retail Takings £5,500 per week

Plus Commissions from Post Office Estimated at £4,500 per annum

Additional Commissions from National Lottery tickets

Leasehold Price £49,000

Freehold May Be Available

Description and Trade:
This modern Convenience Store has been in the present owner's hands since around 2005, and the Post Office counter was installed in April 2016. The Shop is fitted out to a high standard, selling General Groceries, Beers, Wines and Spirits, Newspapers & Magazines, Greetings Cards and Sundry Lines. The Business enjoys a consistent trading history, and the recent addition of the Post Office counter will have a beneficial effect on customer flow, sales and profits in the coming months.

Premises:
The Business is situated at the end of a small parade of shops in a good residential area, and has easy roadside car parking for customers.

The Shop is well fitted for the trade with double-sided gondola display shelving, wall shelving, coffee machine, chiller cabinets, dairy deck, greetings cards display shelving, chilled drinks cabinets, ice cream freezer.

The Post Office Counter has been integrated into the checkout counter.

Rear Stock Room; Kitchen; w.c.

The Premises are protected with a burglar alarm system and CCTV system.

Accommodation:
There is no living accommodation.

Comments:
This is a very attractive business in a good area with a consistent recent trading history and rising profits.

Our Client Informs Us That:
Takings and Profitability:
Trading accounts for the year ended March 2016 show Sales £320,126 and Gross Profits £63,467 (19.8%).

The Post Office counter was installed in April 2016, and the projected income from the counter for 2016 is around £4,500, plus commissions from National Lottery tickets.

The weekly newsbill is around £1,000, with two delivery rounds in operation, plus regular newspaper supplies to a local prison.

Trading Hours:
6.30am – 7.30pm Monday to Friday.

7.30am – 7.30pm Saturday.

7.30am – 3.00pm Sunday.

Staff:
The Business is operated by the owner with the help of four part-time assistants.

Tenure:
The Premises are held on a 15-year lease from 2005. Present rent payable is £9,000 per annum.

Price:
£49,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Property Information

Property:

Leasehold

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