Property Information
Address:
England: West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Shop, Newsagents, Businesses For Sale,
Property Ref/Movehut: MH590084
Property Ref/Agent: 6109
*Please use the agent ref when calling the agent directly.
Property description
Lovely Location
Well Fitted c.550 Square Foot Sales Area
Husband & Wife Operated, Same Owners Since 1990
Taking c.£5,000 per week
No Evening Trade
Well Presented & Spacious 4 Bedroom Self Contained Accommodation
Leasehold £65,000
Description and Trade:
A corner sited store having a prominent location at a busy road junction in an upmarket residential area of Sutton Coldfield, opposite the entrance to Sutton park, a lovely location.
The trade is that of general grocery, news and off licence products etc.
Premises:
The modern and well fitted Sales Area (11.8m x 4.3m) has a suspended ceiling with concealed lighting, fully fitted wall shelving, double sided gondola shelving, and news display racking. Fixtures and fittings include run of refrigerated self serve dairy products/soft drinks, run of refrigerated off licence products shelving, chest freezer, carousel ice cream freezer, greetings card display unit, serveover checkout with cash register etc. CCTV is installed.
To a spacious Lounge and Kitchen (6.3m x 3.5m) having fully fitted units etc. W.C. facilities off. Internal stairs lead up to Bedroom 1 – double with built in wardrobes and en-suite Shower Room; Bedroom 2 – double with built in wardrobes; Bedroom 3 – single. Stairs up to Bedroom 4 – double.
There is also a dry Cellar and Loft Storage.
Outside is a side yard with access for car parking, and a rear enclosed yard with a large Stock Room.
Comments:
A lovely family operated business having a very desirable location and well presented and spacious four bedroom accommodation. There is definite scope to increase the takings by opening in the evening, especially for off licence products.
Our Client Informs Us That:
Takings and Profitability:
Retail takings are around £5,000 per week. Accounts to year ended November 2015 show sales of £253,837 (ex Vat) with a gross profit of £60,229 (23.7%).
The weekly newsbill at cost is about £1,600 per week and there are four newsrounds.
Trading Hours:
6.00am – 7.00pm Monday to Saturday
6.00am – 4.00pm Sunday
Staff:
Husband and wife operated without staff.
Tenure:
Leasehold. A new negotiable term lease will be offered at a commencing rent of £18,000 per annum for the business and accommodation.
The owner’s ‘may’ consider a freehold sale.
Price:
£65,000 plus stock at valuation for the new lease, business, fixtures and fittings.
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