Property Information
Address:
Birmingham, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489179
Property Ref/Agent: 2518-fantastic-newsagents-in-birmingham-west-midlands-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Star News & Booze occupies substantial two-storey premises, ideally located in a prime trading position in Birmingham, West Midlands.
The business was established by our clients in 2013 and is only now being offered to the open market due to our clients other business interests. The business operates 7 days per week and generates a turnover in the region of 280,000 per annum, with a gross profit of approximately 30%.
The turnover is generated from the sale of newspapers & magazines, alcohol, tobacco products, chilled foods, household items, pet food, general convenience items, confectionary and lottery scratch cards, to name a few. We are advised that our clients have also applied to offer the Lottery. Our clients also offers 6 daily morning newspaper delivery rounds, which operate 7 days per week. The business also benefits from an ATM machine positioned outside the shop.
The property has been completely refitted to a very high standard and boasts a 2 bedroom flat to the first floor, which could be used as owners accommodation, or let out to generate further income. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base with a high volume of repeat trade.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the business and the services offered. A new owner could also extend the shop at the rear of the property.
This is an excellent opportunity for a new owner to take this already thriving business, with a growing turnover, to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 15 years
Remaining lease length: 14 years
Review every: 3 years
Rent: 1,000 per monthHOURSThe business is open:
Monday - Sunday: 6.00am - 11.00pmSTAFFThe business is family run.FINANCIAL PROFILEThe business generates a turnover in the region of 280,000 per annum, with a gross profit of approximately 30%.
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