Convenience Store
Location Birmingham, United Kingdom
Asking Price Range $250K - $500K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2008
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Other business ventures.
Description CONVENIENCE STORE BIRMINGHAM REF:8759B. ASKING PRICE: LEASEHOLD: œ199,000 + SAV. LOCATION: This supermarket is ideally situated in the centre of a highly populated area of Birmingham. It is sited along with many other complimentary businesses in addition to three schools, a medical centre, and a dental surgery which all attract a very high footfall to the area. There is ample free parking directly outside the shop. There are excellent road and rail links connecting to the M6, M5 and M42 motorway networks.
THE BUSINESS: Advent Business Sales have been instructed to offer this highly desirable supermarket for sale. It has in the hands of the vendors since March 2008. The premise has been converted from a motor spares business which started up in 1994. Since acquiring the premises, our clients have channelled their efforts into renovating and refurbishing the property to accommodate a supermarket where sales have risen to approximately œ25,000 per week, which is
still rising considerably. The vendor has decided to sell the business so he can concentrate on other business ventures. The large spacious ground floor modern
premise has been fully refurbished.
Currently the turnover figure is made up from sales of alcohol and convenience with some grocery sales. Our client has informed us that with imminent addition of newspaper (counter sales only) and increased convenience and grocery products the sales figure will be considerably higher. Payzone, ATM cash machine have recently been added. The surrounding area has approximately 5,000 residential homes, of which the majority uses the shopping area effectively each week. The vendors with the addition of 1 full time and 3 part time members of staff currently
staff the business. This business must be seen to appreciate the scale of the operation.
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