A fantastic opportunity to purchase a high turnover convenience store with post office situated in a lovely residential area south of Birmingham with 2 bedroom separate entrance accommodation all secured on a lease. Gross takings average £10,000 per week with a 21% gross profit yield plus commission from National Lottery & Paypoint. Weekly newsbill of £2,100 having 8 delivery rounds. Post office salary £48,000 per annum. The shop opens 6.30am to 7.00pm Monday to Saturday and 6.30am to 3.30pm Sunday (post office hours shorter). There is a separate entrance flat with two double bedrooms lounge kitchen and bathroom. Outside to the front of the premise there is a forecourt and to the rear yard with large garage and driveway with vehicle access. The whole property is secured on a 15 year lease with a rent of £24,000 per annum. The business is operated under management and there is potential for any new owner to increase the present turnover.
- Asking Price:
- £169,950
- Sales Revenue:
- £520,000
- Cash Flow:
- £103,143
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
A 15 year lease from 2019
- Leasehold Rent:
-
£24,000 per annum
- Living Accommodation:
-
Separate entrance self contained flat with two double bedrooms lounge kitchen and bathroom
- Location:
-
The business is located in the very popular Bournville area south of Birmingham
- Premises Details:
-
The property comprises ground floor retail shop with rear two counter post office area rear store room kitchen and WC. Two bedroom first floor accommodation and outside front forecourt and rear yard with large garage and driveway with rear vehicle access
- Planning Consent:
-
A1 Retail use
Business Operation
- Trading hours:
-
Shop 6.30am to 7.00pm Monday to Saturday & 6.30am to 3.30pm Sunday Post Office 9.00am to 5.30pm Monday to Friday & 9.00am to 1.00pm Saturday
- Employees:
- 6 staff
- Years established:
- Many
Other Information
- Financing available:
-
Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service please telephone us on for contact details.
- Post office salary:
- £48,000 per annum
