Shop for sale

Rowood Drive, Solihull, West Midlands, B92

Offers in Region of £43,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and A4 Drinking Establishments

Key features

  • Established business
  • Easy to run business
  • Accommodation above
  • Low overheads
  • Ideal first businesss

Full description

Tenure: Leasehold

Well established Leasehold Newsagents & Off-Licence in Solihull For Sale
Ref 1051


Location

This well established Newsagents is located within a parade of shops on a large housing estate near the Land rover plant.

Financial information

Asking price: £43,000 plus SAV
Turnover: £5,000 per week
Lottery: £1,000 per week
Payzone £500-1000 per week
Stock: £10,000


Leasehold

Original term: 9 years
Remaining : 8 ½ years
Rent: £10,000 pa
Rates: zero

Business Description

Veritas Business sales are privileged to offer to the market this exceptional ,well established and reputable Newsagents concern. The business has been established for over 30 years and has been in the careful hands of my client for the last 6 years. The business is owner operated and easy to run so currently no staff are required.
The business has an average weekly turnover of £5,000 per week plus national lottery sales of £1000 per week and Payzone sales are between £500-1,000 per week. The newspaper bill is around £500 per week and these are from counter sales only so no deliveries required.
During our clients ownership they have continually invested in new equipment, along with fixtures and fittings, which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time.
This is an ideal opportunity to acquire a well established easy to run business that would suit a husband and wife team or even a first business for someone to expand upon. Reluctantly the business is being offered for sale due to an illness within the family.
Opening Hours 

Monday - Thursday - 6.00am - 8.00pm
Friday - 6.00am - 9.00pm
Saturday - 6.00am - 9.00pm
Sunday - 7.00am - 6.00pm

Ground Floor

Retail comprising, sales counter with cash till and lottery terminal, sales/display shelving, news/magazine shelving, central display isle, dairy fridge, drinks fridges X3

Kitchen area with sink drainer
Toilet and wash basin
Stockroom

First Floor (currently sub-let for £500 per month)
 
Hallway  Kitchen  Lounge 

Second Floor
Double bedroom X2 Bathroom

External

Rear yard with vendors parking for 1
Single garage


Nearest stations

  • Solihull (1.5 mi)
  • Olton (1.7 mi)
  • Birmingham International (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Solihull (1.5 mi)
  • Olton (1.7 mi)
  • Birmingham International (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1051. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Solihull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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