The store is in excellent condition and offers the customer a good experience with well laid out shelving and a freestanding sales counter with two points of sale.
An excellent opportunity to acquire a well sized site with great development potential and a strong retail business, with scope to increase trade.
Reason for sale * Our client has run the store since 2019 and are now offering for sale due to family commitments.
The opportunity * Trading under a symbol group - free of tie * Ideal owner managed or family business * Ideal trading position * Recently refurbished store with over £100,000 invested
Turnover * We have been advised by our client that the counter sales on average are £13,000 per week with huge scope to increase by increasing product range or trading hours.
Greeting card sales of £350 Per week with a 70% - 100% margin.
* News Bill of £4,000 per week with a 30% margin.
Paperounds to 350 houses with a delivery charge per house.
Location The property is strategically positioned in an affluent area of Sutton Coldfield. The property is a short walk from a host of other complimentary businesses including a Pub, Travelodge, with significant footfall for the business.
Trading Hours * Monday - Sunday 6:30am - 6:00pm * The store operates on very convenient trading hours and is licenced to close til late. (11:00pm)
Staff: * The business is owner run so there are no staff no transfer.
Tenure: * The site is offered by way of assignment of the existing lease of 15 years with 11 years remaining.
Rent: The rent per annum is £13,000.
External: * On street customer parking to the front.
Accommodation *There is no accommodation included.
Ground floor shop plan * The ground floor of the premises boasts a large retail sales area with an impressive 211 sq. metres. (2271 Sq. ft.). and is offered in good condition.
Business Rates: * £0 council tax per year. ( small business rates relief ) * Purchasers should enquire with relevant local authorities to confirm the rates payable.
Legal costs * Each party to be responsible for their own legal costs in connection with the sale. * Landlords legal fees are to be shared equally with the purchaser and vendor.
Fixtures and Fittings The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price such as: * 16 CCTV Channel * Epos Till x 2 * 7.5 Meter Open chiller x 2 * 3 Door Stand up Freezer * Shelving * Ice cream freezer
Regulatory * Premises licence
Trading Information * Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
Viewing arrangements * Mailbox Estates highly advise early viewing to avoid disappointment. * Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR.
Deposits: * Successful applicants will be required to pay a non-refundable deposit.
Mailbox Estates highly advise early viewing to avoid disappointment.