Convenience Store & Off Licence For Sale

Business description

Advent Business Sales are pleased to offer for sale this exceptional convenience store, which has been trading for the last 40 years.

The business changed hands approximately 2 years ago, during which time the business has been modernised and weekly sales have boosted to an average of £8,000 per week (at a gross profit of 25%) with an additional weekly sales from Pay Zone, Ebay, Western Union and bus passes amounting to £6,500 per week at an average margin of 2 – 3%.

The business retails a very comprehensive and traditional range of goods including:
• Newspapers and magazines (2 ‘am’ and 3 ‘pm’ rounds)
• Cigarettes and tobacco
• Beers, wines and spirits
• Frozen foods
• Crisps, snacks and sweets
• Stationery
• Tinned foods
• Groceries
• Bus passes
• Western union
• Pay zone

The vendor had informed us that the sales are continually increasing and the premises started trading originally under the ownership of a famous ex Aston Villa footballer, people still frequent the store as a ‘pilgrimage’

This is a quality business in a safe area, benefiting from a full refurbishment, customer car parking and growing sales. It must be viewed early in order to avoid disappointment!
REF: 9297

FINANCIAL INFORMATION:
We have been advised by the vendor of the following:

Weekly sales: £8,000
Gross Profit: 25%
Plus commissions: £6,500 @ 3% GP
WSB £1,000

Accounts will be made available to interested parties after a viewing has taken place.

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 25 years
Remaining lease: 23 years
Review every: 5 years
Rent: £1,000 per month

We are advised that the annual business rates are currently: £215 per month

Living accommodation:

First Floor • 2 – 3 bed flat – at present the current owners reside in the flat. This could be let at £90 - £100 per week

Location:

Our client is located on a main road crossroads position benefiting from ample customer car parking facilities.

There are several business in the immediate vicinity which attracts healthy levels of footfall, which includes an Indian restaurant, Chinese takeaway and a carpet shop.

The area is a satellite town of Birmingham and the business is situated on a road with a very highly travelled dual carriageway before the main communal route between Birmingham and Walsall.

Premises details:

A mid terraced property briefly consisting of:

Ground Floor
• Central gondola
• Sales counter with cigarette gantry to rear
• Modern shelving and racking
• Large store room to rear
• Offices to rear
• Rear secure yard with car parking and garage
First Floor
• 2 – 3 bed flat – at present the current owners reside in the flat. This could be let at £90 - £100 per week

Other information

Trading hours:

Mon-Thurs: 6.00am – 9.00pm
Fri-Sat: 6.00am – 10.00pm
Sun: 6.00am – 9.00pm

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