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Get Started HereA greatest and very rare opportunity to obtain this high turnover business in heart of Birmingham at the most desirable location you want.
Business is serving over 1000 customers a day with a great range of items. Mainly dealing with Fruit & Veg and general groceries. Humongous turnover of over £1.5m p.a with easy further growth potential. Good profit margins.
WELL ESTABLISHED SUPERMARKET - WEST MIDLANDS
Well established and highly regarded business
Situated in the heart of Birmingham
Advised annual turnover of £1.6m
1 4 bedroom flat above business premises
Ideal partnership opportunity
Walk in condition
LEASEHOLD 18-25 years
Business History
Business is established over 40 years and very well known to the public in the area.
this supermarket is now being offered to the market due to current owner's other genuine business interests. Current owner running the same Since last 5 years and sales has been considerably stable on a high level ; There is also a very busy meat section inside the store which is currently outsourced and generating a fix income of £18200 pa. another small space is given on a contract for £7200 pa. The flat above the store is included in the lease and generates additional income of at least £9000.
When current owner taken over the Business there was an off licence in the store and payzone and lottery too and due to personal issues they have stopped the sales of alcohal and lottery etc.
The business enjoys a strong reputation within the local community and in whole Birmingham as such has a high level of regular and repeat trade.
The business is in an ideal position, with busiest walking parade on one of the town centres main retail and shopping streets, close to a variety of retailers and surrounded by a densely populated residential area. As such it enjoys a large daily passing trade and high footfall. Birmingham is a highly desirable town which offers a wealth of facilities and historic attractions.
Financial Profile
Turnover: £1.5m - £1.6m
Stock: Approximately £100,000
Tenure
We are advised leasehold
Lease for new purchaser is:
For 18 or 25 years
Rent - on asking
Opening Hours
Monday: 9:00am - 10:00pm
Tuesday: 9:00am - 10:00pm
Wednesday: 9:00am - 10:00pm
Thursday: 9:00am - 10:00pm
Friday: 9:00am - 10:00pm
Saturday: 8:00am - 10:00pm
Sunday: 9:00am - 10:00pm
GROUND FLOOR PREMISES - briefly comprising:
Well lit open plan shop floor - 3 big units on main road and a huge warehouse with a separate access and entrance from the side door.
Well equipped for business
Central island displays
Product isles
Double sided display lanes
Large open chilled fridge displays
Chest freezers
Payment counters
Tobacco cabinet behind counter
CCTV systems installs
owned fork lift
owned card board presser
FIRST FLOOR flat - Separate entrance
EXTERNAL
Private parking for owners
HUGE POTENTIAL FOR FURTHER GROWTH
Price
Leasehold, £289,950 Plus SAV
For more information, please contact us by using the form below.