Well Established Convenience Store Plus Butchery In Birmingham For Sale

Business description

Forecourt used for display purposes

SPACIOUS SALES SHOP probably in the region of 6,500 sq. ft. sales area with tiled floor. The equipment includes 3 checkout counters, 3 tills with EPOS scanning, shelving, display gondolas, 13 glass topped chest display deep freezes, 4 open cool display units,

Butchery section with 24' long serveover counter, 3 butchers blocks, 2 electronic scales, walk-in coldroom, walk-in deep freeze etc.

Large warehouse at rear probably in the region of 2,500 sq. ft. area used for storage purposes.

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £95,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £19,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, densely populated commercial and residential area, BIRMINGHAM, WEST MIDLANDS.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £65,000 p.w. in our opinion offering further potential to increase in the right hands. We understand the premises have the necessary Premises Licence for the sale of wines, beers and spirits and in our opinion there is potential to introduce the sale of wines, beers and spirits obviously subject to obtaining the necessary Personal Licence. We are advised by the present owners that included in the turnover is approximately £15,000 p.w. in respect of butchery. We are further advised that the overall gross profit is in the region of 25%.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £695,000 plus STOCK AT VALUATION (£100,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8.30 a.m. - 10 p.m.
Sunday opening - 1 p.m. - 7 p.m.

Employees:

The business is at present operated by 2 brothers with the assistance of 3 full time in respect of the retail shop plus 4 full time in respect of the butchery department.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance