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8924B BIRMINGHAM F\H£375,000 NEWSAGENTS/POST OFFICE

Asking Price: GBP 375000
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Business Location: United Kingdom » Birmingham » BIRMINGHAM 
Category: Retail » Miscellaneous Retail
Description:
LOCATION
This two storey mid parade property occupies a prime location within a popular residential area of
Birmingham.
The premises are nestled in a small parade including a butchers, a florist and a convenience store.
There are excellent parking facilities with ample street parking to the front of the property.
The area can be accessed by the busy A38 Bristol road, which is less than half a mile away.
ASKING PRICE:
FREEHOLD: £425,000 + SAV
THE BUSINESS
Advent Business Sales have been instructed
to offer for sale this well established
business with excellent further potential.
Established well over 50 years ago and
under current ownership since 1995, it has
now been reluctantly offered for sale due to
retirement plans.
The business has strong sales from a range of
goods including:
• Newspapers and magazines
• Cigarettes
• Confectionery
• Greetings cards
• Small range of convenience goods
• Cash point machine
Our client has built up healthy newspaper
delivery rounds which include 12 ‘am’
rounds, 10 ‘pm’ rounds and 12 Sunday
rounds.
The post office has received written
confirmation that it will remain open.
Sales have remained within the same region
for the past few years, although room for
increase is clearly evident.
The post office offers a wide range of
services and is a central focal point for the
community.
The premises boast a three bed room family
accommodation, which is currently being
rented out, which returns a good rental
income.
The business is currently staffed by a
husband and wife team as well as other
family members on a full time basis. In
addition they employ a part time person to
cover busy periods.
REF: 8924B
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £375,000
Gross Profit: 20%
Post Office Salary: £37,900
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 mid parade premise with added security of
a red care alarm system, CCTV and consists
of the following:
Ground Floor
• Main sales area with point of sale
counter to the front
• Cigarette gantry
• Range of fridge’s and freezers
• Shelving and racking throughout
• 2 x modern post office counter to
the rear
• Stockroom
• Kitchen
• W/c
• Separate external entrance for the
first floor living accommodation
First Floor
1 family bedroom
• Lounge/Bedroom
• Fitted kitchen
• Family bathroom
• 1 large double bedroom in the loft
space.
External
• Garden to rear with private parking
• Ample parking to the front of
premises
• Garage in block to rear
TENURE: Freehold
We are advised that the annual business
rates are currently: £1150
 
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Financial Information:  
Annual gross sales: (GBP) 375000
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 N/A
General Information:  
Business Area:
Year Established: 1995
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
No of trading hours: Mon-Fri: 6am – 6.30pmSat: 6am – 6pmSun: 6am – 1pm
Reasons for selling:
 it has now been reluctantly offered for sale due to retirement plans.
Market competition and expansion:
 This established business offers excellent potential for growth including extending the opening hours and increasing stock lines.
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