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BUSINESS FOR SALE Retail Food & Drink Liquor Stores/Off Licences/Wine Merchants

Convenience Store Located In Birmingham For Sale

£780,000.00(Fixed)

  • Convenience Store Located In Birmingham For Sale
  • Convenience Store Located In Birmingham For Sale
  • Convenience Store Located In Birmingham For Sale
Description
Price : £780,000.00(Fixed)
Type : Sell
Date : 17th September 2018
Warranty : No
Location : Hall Green, Birmingham, West Midlands, UK

Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store which is located in Hall Green. The business has been established for over 50 years and has been in the careful hands of our clients for the past 20 years. Reluctantly the business is now being offered for sale to so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is family operated and has an weekly turnover of over £11,000 with additional commission income of £13,000 per annum. They retail a wide range of products to include groceries, confectionery, greeting cards, hardware, pet foods, tobacco, beers, wines, spirits, soft drinks, bread, ice creams, newspapers, toiletries, pet foods, dairy produce, newspapers and magazines. Services include Pay point, The National Lottery and an ATM cash machine. Included is a Vape shop which is rented out for £600 PCM and an office to the rear which is also rented for £600 PCM. Above you have spacious 5 bedroom owners living accommodation which could easily be turned into 2 rental flats by erecting a wall in the lounge. A 2 bedroom flat could produce (£650 PCM) and a 3 bedroom flat which would produce (£850 PCM) both have self-contained access from the rear. We believe that there is further potential to increase trade adding food to go products. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by due to it’s prominent location. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

 

 



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