Business for sale

Business description

THE BUSINESS
Advent Business Sales are pleased to have
been instructed to offer for sale this very
popular convenience store with excellent
further potential.
The business, which commenced trading the
1987, is now being offered to the market as
our vendor is planning to relocate from the
area.
The business offers all the normal items you
would expect to find in a convenience store,
including:
• Confectionery
• Cigarettes
• Greetings cards and gift wrap
• Soft drinks and ice creams
• Frozen meals
• General groceries and a small amount of
fruit and vegetables
They also offer photocopying, a link cash
withdrawal machine, a Western Union
money transfer agency, phone cards and
payzone facilities.
We have been advised that the value of
stock at cost is approximately £8,000.
The rent and rates are low due to the lease
being held with Birmingham City Council.
EXPANSION POTENTIAL
The business offers huge scope for future
growth to a new owner in the following
areas:
1. Permission has been granted to
convert the attached integral garage
into extra retail area. In additional,
there are storage rooms behind the
store which can also be converted.
If these tow options were taken up
the store would effectively double in
size.
2. Paypoint has already been applied
for and should be available shortly
as well as the possibility of selling
bus passes
Over the next 2 years, 2 new tower blocks
are to be built nearby, during construction
there will be plenty of workmen and when
completed there will be approximately 500
extra apartments all within a few minutes
walk of the store.
TRADING HOURS
Mon – Sat: 7.30am – 22.00pm
Sun: 8.30am – 8.30pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £3,500
Gross Profit: 45%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A lock up shop, opposite a bus stop and
briefly comprising of:
Ground Floor

Side door with double bay

Racking down 1 side, till with cigarette
gantry to rear

2 single drink chillers

1 double chiller

1 small ice cream chest freezer

1 large glass top chest freezer

Cash machine

Fruit and veg to front of shop
TENURE: Leasehold
Original lease: 3 years (Can be
extended)
Remaining: 2 years
Rent review: 3 years
Rent & Rates: £91.00 per week,
The lease is held with Birmingham City
council. A new lease will be negotiated if
required