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Retail

General Merchandise Stores

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

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