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Convenience Store In Sutton Coldfield For Sale

Sutton Coldfield, West Midlands
Asking Price:
£39,995
Turnover:
Available on request
Net Profit:
Available on request

Expensively Refurbished in 2016

c.680 Square Foot Sales Area

Nice Residential Area

Scope To Increase Trading Hours

3 Bedroom Accommodation

Leasehold Price £39,995

Description and Trade:
Having a prominent corner sited trading location, on a busy road, in a very pleasant residential area of Sutton Coldfield. The shop was refurbished in June 2016 to a very high standard, costing the present owner nearly £20,000.

The trade is that of general groceries, news and off licence products etc. It also has the benefit of being a National Lottery outlet.

Premises:
The superbly presented and expensively refurbished Sales Area (8.7m x 7.2m) c.680 sq ft has a suspended ceiling with concealed lighting, expensive rhino type flooring, fully fitted wall shelving, two runs f double sided gondola shelving, run of self serve chilled drinks shelving, news display racking. Fixtures and fittings include double upright self serve frozen foods cabinet, chilled foods self serve cabinet, ice cream freezer, greetings card display unit, coffee machine, serveover checkout with cash register etc.

Leading to a Kitchen/Stock Room and separate w.c facilities. To the rear is a good sized garden with side road access, and a Stock Room.

Accommodation (not inspected at the time of the Agent's visit):
Double glazed and centrally heated comprising: large Lounge; Kitchen; Bedroom 1 – double with en suite; Bedroom 2 – double; Bedroom 3 – single; Bathroom; separate w.c.

The accommodation is presently let for an income of £7,500 per annum.

Comments:
An expensively fitted and superbly presented business having a desirable trading location. There is scope to increase the takings, especially on the off licence side, by opening later in the evening.

Our Client Informs Us That:
Takings:
The owner will discuss takings and commission income with any serious applicant.

The weekly newsbill at cost is about £450.

Trading Hours:
7.00am – 8.00pm Monday to Friday

7.30am – 8.30pm Saturday

8.00am – 7.00pm Sunday

Tenure:
Leasehold. Held on a 10 year lease from December 2015, with a 5 year break clause and review, at a present rent of £12,000 per annum for the business and accommodation, resulting in a shop rent payable of only £4,500 per annum after the rent received for the accommodation is taken into account.

Price:
£39,995 plus stock at valuation for the lease, business, fixtures and fittings.

Property information

Property:

Leasehold

Living Accommodation:

Accommodation Included.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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