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Convenience Store In South Birmingham For Sale

Birmingham, West Midlands, UK
Asking Price:
£295,000
Sales Revenue:
£884,000
Cash Flow:
Available on request

Superbly Presented & Well Fitted Shop

c.1,320 Square Foot Sales Area

Only 6 Day Trading & Early Closing

Same Owners Since 2001

3 Bedroom Self Contained Accommodation

Leasehold Price £295,000

Description and Trade:
A superior Post Office and Convenience Store situated in a very busy shopping area in a highly populated residential area in South Birmingham. It has the benefit of lots of roadside customer parking to the front.

The trade is that of a high salaried Post Office and high turnover Convenience Store selling grocery and off licence products etc. It is also a National Lottery outlet.

Premises:
The attractively presented and expensively fitted spacious Sales Area (51.2m x 7.5m) has a suspended ceiling and laminate flooring. Fixtures and fittings include fully fitted wall shelving, two runs of double sided gondola shelving, long run of self serve drinks chiller shelving, run of self serve dairy products shelving, three chest freezers, ice cream freezer, L shaped serveover checkout with cash register etc.

There is a three position Post Office Counter and a Photo Booth, plus AEI Service and Passport Service. CCTV is installed.

Leading to two Stock Rooms and separate w.c. facilities.

Accommodation (not inspected by the agent):
The self contained accommodation is centrally heated and double glazed comprising: Lounge; Kitchen; Bedroom 1 – double; Bedroom 2 – double; Bedroom 3 – single; Bathroom; separate w.c.

The accommodation is let for an income rent of £550 per month.

Comments:
A superbly presented Post Office and Convenience Store having a desirable trading location. The business has been in the present owners hands since 2001. There is tremendous scope to increase sales by trading on Sunday and by opening later in the evenings.

Our Client Informs Us That:
Post Office Salary and Takings:
The Post Office salary is £62,000 per annum (including lottery commission).

Retail takings are around £17,000 per week.

Trading Hours:
8.45am – 6.00pm Monday to Friday

8.45am – 7.00pm Saturday

Closed Sunday

Staff:
Operated by a husband and wife team with the help of two full time and one part time staff.

Tenure:
Leasehold. The rent payable is £15,000 per annum for the business and accommodation.

Therefore net rent for the business is £8,400 per annum after taking into account the rent of £6,600 per annum received from letting the accommodation.

Price:
£295,000 plus stock at valuation for the lease, business, fixtures and fittings.

Property Information

Property:

Leasehold

Living Accommodation:

Accommodation Included.

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