West Midlands Newsagents Convenience & Off License For Sale

Business description

A great opportunity to purchase a newsagents/convenience/wines & spirits outlet with sales of £3,500 per week with a 20% gross profit yield but with scope to significantly increase the present turnover. The business was purchased by the present owner approximately 18 months ago and it has been too much for her to run on her own. The premise briefly comprises sales area just over 1,000 sq.ft with rear stock room and WC and outside to the front forecourt for the parking of vehicles or displaying goods. The property is secured on a 15 years lease from June 2007 with a rent of £10,400 per annum. Hours 6.30am to 8.00pm Monday to Saturday and 6.30am to 3.00pm Sunday. The premise is situated on the busy B4217 which runs between Fox Hollies Road and the Stratford Road in Hall Green a good residential suburb of Birmingham. This business has the potential to return to its previous trading figures of between £7,000 to £8,000 per week

Property information

Property:

Leasehold

Lease terms:

15 years lease from June 2007 subject to 5 yearly rent reviews

Leasehold rent:

£10,400 per annum

Location:

Located on a busy main road in a good residential area of Birmingham

Premises details:

The premise briefly comprises sales area just over 1,000 sq.ft with rear stock room and WC and outside to the front forecourt for the parking of vehicles or displaying goods.

Other information

Support & training:

Full tuition will be given to any new owner

Reasons for selling:

Too much the owner runs the business on her own

Trading hours:

6.30am to 8.00pm Monday to Saturday and 6.30am to 3.00pm Sunday

Financing available:

Finance available through Hurdley & Co Telephone 01564 739797