£400,000 O.I.R.O with a Turnover of £30,000 P.W
Hagley Road, B16 9RD
Business Lease For Sale
Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence
SPACIOUS SALES SHOP probably in the region of 1,800 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. Counter, 2 tills with EPOS scanning system, 2 large curved display deep freezers, 1-2.5m open cool display unit (used for dairy produce & milk), 2-2.5m open cool display units (1 used for soft drinks & 1 used for beers), 1-2m open cool display unit (used for fruit & vegetables), 1-2.5m open cool display unit (used for sandwiches & food to go), 3-tier ice cream deep freezer, 16 camera, 2 monitors plus recording.
Stockroom at rear
LARGE BASEMENT also used for storage purposes plus large office & staff w.c.
WE ARE INFORMED the turnover averages £30,000 p.w. Wholesale newsbill £500 p.w. We are further advised that the gross profit is in the region of 20%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £200 p.w.
The business is at present operated as a family concern. Staff employed daytime 1 full time. Night time 1 additional full time staff plus 1 person for night security.
24 hours per day seven days per week
We understand the premises are held on a secure renewable lease, the present lease having approximately 15 years unexpired at a rental of £48,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £9,000 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEAS AND THERE ARE GENUINE REASONS FOR SALE
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION (£50,000 approx).
Accuracy of details
The agent understands that these particulars have been prepared in accordance with the Property miss-descriptions Act 1991. However, please be advised that vendor approval may not have been obtained. We therefore advise all interested parties to confirm accuracy with their solicitors.