Newsagents & Sandwich Bar In Digbeth Birmingham For Sale

Business description

Newsagents & Sandwich Bar Birmingham

Very Spacious Premises

Lucrative Letting Income

Same Owner Since 1991

Freehold £545.000

Description and Trade:
Situated in a mixed residential and commercial area with lots of local factories and offices this substantial property is spread over three floors.The trade is that of a traditional CTN plus a limited range of general grocery products.

It also has a very profitable income from the sale of sandwiches etc.

Premises:
The spacious Sales Area (7.5m x 7.4m) is fully fitted with wall and gondola shelving and news display racking.

Fixtures and fittings include three greetings card display stands. one double and three single upright drinks chillers. small drinks chiller. double and single ice cream freezers. upright dairy products/sandwich cabinet. microwave. and serveover checkout with cash register.

Leading to a Kitchen/Preparation Room (3.8m x 3.3m) having two microwaves. 4 hob cooker. gravity slicing machine. upright fridge. small fridge. deep bowl sink. and ample stainless steel work surfaces.

To a shelved Stock Room with chest freezer. There are w.c. facilities.

Accommodation:
The self contained accommodation is let as seven bedsits comprising:
FIRST FLOOR Four Letting Rooms; fitted Kitchen with cooker. washing machine. microwave etc. Shower Room.

SECOND FLOOR Three Letting Rooms; Shower Room.

The accommodation brings in extra lucrative income of £22.000 per annum. It has fitted fire doors. alarm etc. and is fully licensed by the local authority.

Comments:
The business has been in the present owner?s hands since 1991. It has established an excellent reputation and has many repeat customers. but there still remains scope to further market and expand the catering side. and to increase the trading hours.

Our Client Informs Us That:
Takings and Profitability:
Retail takings are around £4.500 per week plus commissions.

The split in sales is 75% CTN & 25% sandwiches. therefore a high gross profit of 30% to 35% is achieved. Plus. as previously stated. a Letting Income of £22.000 per annum.

Trading Hours:
6.00am 5.45pm Monday to Friday

7.00am 1.00pm Saturday

Closed Sunday & Bank Holidays

Tenure and Price:
£545.000 plus stock at valuation for the Freehold Property. Business. Fixtures and Fittings.

Property information

Property:

Freehold

Living accommodation:

Accommodation Included.