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Convenience Store In Solihull For Sale

Solihull, West Midlands
Asking Price:
£139,950
Sales Revenue:
£637,000
Cash Flow:
£50K - £100K

A fantastic opportunity to purchase for the first time since 2001 a high turnover superbly located convenience store trading as Spar Store with national lottery wines & spirits in a small parade and opposite a very popular public house in rural Solihull. The gross takings are around £637,000 per year with a gross profit yield in the region of 25% plus income from lottery paypoint and an ATM machine. The premise comprises ground floor sales area 92.9sq.m (1,000sq.ft) approximately with rear stock room WC and office. There is separate access to the first floor with hallway with WC and boiler room fully fitted kitchen 2 x double bedrooms and lounge all with gas fired central heating. Outside large rear garden with garage/office and large lawned area vehicle access with parking space and to the front forecourt and side parking space. The property is secured on a lease with a rent of £8,000 per year. Hours 6.00am to 9.00pm Monday to Friday and 7.00am to 9.00pm Saturday and Sunday. Fabulous location great opportunity.

Property information

Property:

Leasehold

Lease Terms:

15 year lease from 2006

Leasehold Rent:

£8,000 per annum

Living Accommodation:

First Floor gas centrally heated separate entrance self contained flat with two double bedrooms kitchen lounge and bathroom

Location:

The business is located approximately 2 miles from Solihull Town centre in a small village with local public house restaurant and hair salon with much passing trade in a very desirable residential area

Premises Details:

The premise comprises ground floor sales area 92.9sq.m (1,000sq.ft) approximately with rear stock room WC and office. There is separate access to the first floor with hallway with WC and boiler room fully fitted kitchen 2 x double bedrooms and lounge all with gas fired central heating. Outside large rear garden with garage/office and large lawned area vehicle access with parking space and to the front forecourt and side parking space.

Size in square feet:
1,000
Planning Consent:

A1 Retail Use

Business Operation

Reasons for selling:

Semi retirement

Trading hours:

6.00am to 9.00pm Monday to Friday and 7.00am to 9.00pm Saturday & Sunday

Employees:
Operated by the owners with 3 part time staff
Years established:
Over 40 years

Other Information

Financing available:

Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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