Property Information
Address:
England: West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Shop, Newsagents, Cafe, Businesses For Sale,
Property Ref/Movehut: MH590075
Property Ref/Agent: 5755
*Please use the agent ref when calling the agent directly.
Property description
In a Prime Trading Location
Expensively Fitted Shop
Very Realistically Priced
Leasehold Price £30,000
Description and Trade:
The business has a prime location in the central Sutton Coldfield shopping area, having lots of passing foot flow. It is sited amongst many multiple and independent traders.
It trades as a Convenience Store selling general groceries, snack lines, off licence and news products etc. It also comprises a separate, but adjoining Coffee Shop that operates an easy to prepare menu.
Premises:
Convenience Store: The L shaped Sales Area is superbly presented. It is fully fitted with wall shelving, double sided gondola shelving, and news display racking. Fixtures and fittings include four refrigerated drinks cabinets, three tier ice cream freezer, coffee dispensing machine (on lease), checkout with cash register etc. It is a National Lottery outlet.
Leading to a Stock Room and separate w.c. facilities.
Coffee Shop: With seating for 16 plus persons. Fixtures and fittings include warm food display cabinet, two refrigerated display cabinets, stainless steel preparation table.
Leading to a Kitchen with commercial oven, microwave, 4 hob grill, deep fat fryer, upright fridge, counter fridge, two stainless steel preparation tables, double deep bowl sinks, handwash basin etc.
Upper Floor:
The upper floor is sublet as a Beauty Salon giving a rental income of £7,800 per annum.
Comments:
Superbly presented Convenience Store and adjoining Coffee Shop that was established and expensively fitted in 2012. A most desirable trading location in Sutton Coldfield Centre.
Our Client Informs Us That:
Takings and Profitability:
Retail takings are around £9,000 per week, of which about £1,000 is from the Coffee shop.
The weekly newsbill at cost is approximately £800.
Trading Hours:
6.00am – 7.00pm Monday to Thursday
6.00am – 9.00pm Friday & Saturday
8.00am – 5.00pm Sunday
Tenure:
Leasehold:.Held on a 15-year lease from 2011 at a present rent of £35,000 per annum.
PLEASE NOTE: A rental income of £7,800 per annum is received from the upper floor, which leaves a net rent to pay of £27,200 per annum.
Price:
Very realistically priced at £30,000 plus stock at valuation for the lease, business, fixtures and fittings.
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