High Turnover Betting Shop In Birmingham For Sale

Business description

Operating since 1961 the betting shop is located in a parade of shops approximately 6 miles south west of Birmingham City centre secured on a 10 years lease from October 2005 subject to a review in the 5th year and with a rent of £3,400 per annum. Turnover for the year ending March 2011 was £469,693 with a gross profit of £104,340. The business is operated entirely under management with two full time managers and one full time cashier. The premise is fully equipped with the latest technology and all included in the asking price. The business would be ideal for an owner worker just employing a cashier. The purchase price is for the goodwill fixtures and fittings and the benefits of the unexpired lease.

Property information

Property:

Leasehold

Lease terms:

10 years lease

Leasehold rent:

£3,400 per annum

Location:

The business is located in a densely populated suburb of Birmingham in a group of shops approximately 6 miles south west of Birmingham city centre

Premises details:

Ground floor shop with sales area rear rest room/kitchen and WC

Business Operation

Reasons for selling:

Retirement sale

Trading hours:

Summer 10am to 9pm and winter 10am to 5pm

Years established:

1961

Other information

Support & training:

Full tuition will be given to any new owner

Financing available:

Can introduce you to various business brokers or banks depending on your circumstances. We now have a qualified commercial broker with us able to offer finance from prime lenders at reasonable interest rates.