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Convenience Store With Post Office Bournville Birmingham For Sale

Bournville, West Midlands, UK
Asking Price:
£189,950
Turnover:
£520,000
Net Profit:
£103,143

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.

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

Contact Hurdley & Co

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