Convenience Store In West Midlands | | Birmingham West Midlands | | T/O: £780,000 GP: 20% Scope to increase turnover Prominent corner location Loyal customer base Large owner's accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54259
ADVERT IMPRESSIONS : 10,674 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £124,950 | ANNUAL RENT: | £28,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Maini Discount Food Store occupies prominent corner premises on a busy road in Tyseley, which is a suburb of Birmingham, West Midlands. The business is situated within a densely populated residential area and enjoys off-street car parking directly outside the premises, with a bus route and railway station close by. Birmingham city centre is just 3 miles distant, with Birmingham International Airport, the M6 motorway and the M42 motorway all within easy reach. Junction 3 of the M5 motorway is less than 10 miles to the east.
Business History
Preferred Commercial is pleased to offer for sale this busy convenience store and off-licence, which was established in 1983 and has been operated by our client since 2007. The business is only now offered for sale due to our client's family commitments. The store is open 7 days per week and offers a wide range of groceries, newspapers, magazines and alcohol and is also a National Lottery outlet. The business generates a turnover in the region of £780,000 per annum with a gross profit of 20%. The property boasts 4-bedroom owner's accommodation, a generous forecourt suitable for car parking and an enclosed rear garden. Our client has established a loyal, local customer base and also benefits from passing trade. We feel the business could be further expanded by offering newspaper and magazine delivery, providing Pay Point and Pay Zone services and by installing a deli counter for chilled food sales. The new owner could, if desired, partition the shop and rent out space to other businesses. This presents an ideal opportunity to acquire a profitable business with family-sized accommodation, which has further potential to expand. Early negotiations with Preferred Commercial are highly recommended.
Financial Details
T/O: £780,000 approx.
GP: 20%
Opening Hours
Mon - Sat: 9.30am to 10.00pm
Sun: 10.00am to 8.00pm
Accommodation Details
Large convenience with owner's accommodation, off-street car parking and enclosed rear garden. Briefly comprising:
Ground Floor
• Sales area with tiled flooring, diffused lighting, CCTV, air-conditioning, Lotto stand, 3 metre open wine chiller, 1 metre card display, 4 x aisles, shelving to perimeter walls, ice cream freezer, toy spinner, 3 metre dairy chiller, 2 x 6ft drinks chillers, ATM, bagged confectionery display, 4 x large double freezers, large counter servery with tobacco gantry to rear, Scratch Card display, confectionery display and electronic cash register
• Rear office with laminate flooring, desk and CCTV monitor
• Storage area
• WC
Owners accommodation with central heating and double glazing throughout comprising:
• Lounge with gas fire, laminate flooring and patio door to rear garden
• Kitchen/diner with tiled flooring, gas oven, wall and base units
First Floor
• 4 x bedrooms
• Bathroom with shower, wash basin and WC
External
• Forecourt suitable for car parking
• Enclosed rear garden
Tenure
Leasehold
Original length:35 years
Remaining: 32 years
Review: every 5 years
Rent: £28,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 1993 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
