Convenience Store In Birmingham | | Birmingham West Midlands | | T/O: £1,040,000 GP: 20% Scope to increase turnover further Lock-up store Very busy parade | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40105
ADVERT IMPRESSIONS : 13,738 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £94,950 | ANNUAL RENT: | £45000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Weoley Local is ideally situated on the busy Somerford Road, just off the main Castle Square shopping area at the heart of Weoley Castle, Birmingham. The convenience store is located in a parade of complementary shops and businesses and benefits from much passing traffic and a very high footfall. The parade is surrounded by a densely populated residential area and is on a main bus route. Weoley Castle is approximately 6 miles from the centre of Birmingham and boasts easy access to the M5 motorway.
Business History
Preferred Commercial is delighted to offer to the market this busy convenience store, which has been in our clients' hands since 2008 and is only now being offered for sale due to their wish to retire. The business generates a turnover in the region of £1,040,000 per annum with a gross profit of 20%. There is scope to increase turnover further by extending the opening hours or by expanding the sales area. There is also the potential to add the Lottery. The retail area extends to 2,600 square feet and the store is branded as a Nisa shop. We feel this represents a rare opportunity to acquire a popular and busy convenience store with scope for further growth. Early discussions with Preferred Commercial must come highly recommended.
Financial Details
T/O: £1,040,000 approx.
GP: 20%
Newssheet: £700 per week approx.
Opening Hours
Mon - Sat: 8.00am - 8.00pm
Sun: 10.00am - 4.00pm
Accommodation Details
Lock-up convenience store situated in a busy parade. Briefly comprising:
Ground Floor
• Large sales counter with cash register, cigarette gantry behind, wine display, spirits display, 6 x long display aisles with toiletries, cleaning products, groceries and baby foods, 4 chest freezers, 2 large open fronted chillers, shelving for alcohol, 2 open fronted drinks chiller displays, soft drink display, bread display, magazine and newspaper racking
• Large stockroom to rear with loading bay
Tenure
Leasehold
Original length: 25 years
Remaining: 22 years
Rent: £45,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 1506 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
