West Midlands Spacious Virtually Freehold Self Service Convenience Store For Sale

Business description

Large tarmaced Car Park in front of parade providing ample customers' car parking plus additional car parking at rear of parade.

Spacious sales shop, approx. 1630 sq. ft. sales area. 2 air conditioning/heat-ing units, tiled floor, suspended ceiling. 2 large chest deep freezes, 1 ice cream deep freeze, 1 large open cool display unit, 2 open cook display units (for soft drinks, both on loan from Coca Cola), 2 open cool display units (owned and used for beers and wines), 1 glass-fronted wine fridge, counter, 2 electronic cash registers, etc.

Large Stockroom at rear, approx. 1500 sq. ft., with racking.

Staff Cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

As stated, the property is virtually freehold with, we understand, the lease-old property having approx. 150 years unexpired, at a ground rent of only £50 p.a. - no revisions.

Uniform business rates £2,100 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Location:

Situated in a parade, serving large residential area, WEST MIDLANDS

Other information

Expansion potential:

WE ARE INFORMED the turnover averages in excess of £10,000 p.w., in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £700 p.w. Gross profit 23% approx.

Reasons for selling:

TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY,GOODWILL, FIXTURES & FITTINGS, £250,000 PLUS STOCK AT VALUATION (£35,000/£45,000 approx.) SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Trading hours:

Monday/Saturday incl. 8 a.m. - 9 p.m.
Sunday opening 9 a.m. - 7 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.