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8465B BIRMINGHAM L\H£50000 GENERAL STORES

Asking Price: GBP 50000
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Business Location: United Kingdom » Birmingham » BIRMINGHAM 
Category: Retail » General Merchandise Stores
Description:
LOCATION
The business occupies a prime unopposed location on a main through road of Birmingham. At the
base of a large tower block with approximately 250 apartments. The area is almost exclusively
residential with the nearest competitor some distance away.
There is plenty of free of charge on street parking immediately outside the store and there is a bus
stop less than 50 yards from the door.

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.
 
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Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 1987
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Mon – Sat: 7.30am – 22.00pm Sun: 8.30am – 8.30pm
Reasons for selling:
planning to relocate
Market competition and expansion:
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.
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