Well Fitted Self Service Convenience Store, Full Free Off Licence For Sale in West Midlands County- Business 4 Sale .co.uk

Business Summary

Nationwide are pleased to offer to the market : We are advised by the vendor that to the front of the premises a former Sainsburys is to be developed into 400 student flats whilst to the rear of the premises a former hospital is to be developed into 600 dwellings.

Electric shutters to spacious DOUBLE FRONTED SALES SHOP approx. 950 sq. ft. sales area, with quality floor, suspended ceiling. Well fitted, the equipment includes modern adjustable shelving, 1 large chest display deep freeze, ice cream deep freeze (owned), 2-3.75m cool display units (1 used for dairy produce plus milk and soft drinks whilst the other is used for wines & beers).

Large Stockroom with racking.
Staff Kitchen.
2 staff cloakrooms, each with w.c. and wash hand basin.

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering further potential for further increase in the right hands. Gross profit we are informed 24% approx.

We understand the shop premises are held on a secure renewable lease having approximately 14 years unexpired at a rental of £12,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,500 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

ALTERNATIVELY IF THE ACCOMMODATION OVER IS NOT REQUIRED THE VENDOR IS PREPARED TO SELL THE LEASE FOR THE SHOP (EXCLUDING THE ACCOMMODATION OVER), GOODWILL, FIXTURES & FITTINGS ASKING PRICE £30,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Property Information

	Property:	Leasehold

	Living Accommodation:	Yes

	Details of Accommodation:	Available as an optional extra from the same landlord, is a SPACIOUS SELF CONTAINED FLAT over, available on a shorthold tenancy, at a rental of £400 per month. We understand the accommodation is currently let on an individual basis and provides a rental income of £950 per month. We are further advised could be increased when university students arrive for new year (August, 2011) and we understand from the vendor that local agents advise that approximaterly £92.00 per week per room can be achieved. However, we also understand that vacant possession can be given on completion. The accommodation all MODERNISED and in GOOD CONDITION, comprises: 4 Double Bedrooms Large Lounge Bathroom with bath, w.c. and wash hand basin Kitchen Yard at rear

	Location:	Situated in a parade, busy road, densely populated residential and commercial area, WEST MIDLANDS

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 12 noon - 8 p.m.

Summary of Staffing

The business is at present operated by the vendor on a part time basis with the assistance of 1 full time and 2 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.

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