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Thriving Supermarket and Post Office in Upscale Sutton Coldfield, West Midlands for Sale

Sutton Coldfield, West Midlands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    09/05/24

  • Advert ID

    611058

  • Reference

    SCCS0239 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £1,250,000
  • Rent: £56,000
  • Turnover: £2,860,000 (£55,000 Per week)
  • Net Profit: Not Applicable

Key Features

  • Unique Business
  • With Car Park
  • Accounts Available
  • Town Centre location
  • Central Position in Affluent Village
  • High Turnover
  • Attractive Business
  • Established Business
  • Fully Fitted
  • Large Business for Sale
  • Adjacent to Multiple Retailers
  • Close to Local Amenities
  • Prime Location

Business Details

Flourishing Supermarket With Post Office In Affluent Location

Mailbox Estates are delighted to present an outstanding opportunity for discerning investors to acquire a strategically positioned Supermarket and post office in the vibrant locale of Sutton Coldfield, Birmingham, boasting impressive weekly sales of £55,000 complemented by an annual Post Office income soaring around £100,000.

**ATTENTION: PROOF OF FUNDS REQUIRED FOR PROPERTY ADDRESS DISCLOSURE**

This establishment presents an ideal prospect for either seasoned multi-operators looking to enhance its already impressive success or first-time buyers eager to make their mark in the dynamic retail sector.

The store has undergone a recent revitalization and therefore stands in impeccable condition, promising a delightful shopping experience for customers, complemented by convenient Post Office services. Its offerings include a diverse range of products expected from a top-tier supermarket: from fresh produce and tantalizing snacks to household essentials, tobacco, and confectionery.

REASON FOR SALE:
•Our client has adeptly managed this enterprise since 2017 but is now presenting it for sale due to other business commitments

THE OPPORTUNITY:
•Weekly turnover in excess of £55,000
•Prime trading location
•Incorporated Post Office
•Trading as a leading symbol group
•Approx. 3,000 Sq. Ft trading area

TURNOVER:
•We have been advised by our client that the counter sales on average are £55,000 per week, excluding any commission services
•The post Office remuneration is approximately £100,000 per annum
•Additionally, the business operates on Just Eat and Uber Eats platforms for online orders, utilizing their delivery networks

LOCATION:
•Nestled within an affluent location just off the high street, the property benefits from excellent bus accessibility, serving its community seamlessly. The business shares its vicinity with other essential stores, including a pharmacy, hairdressers, and a popular takeaway restaurant

STAFF:
•A comprehensive staff schedule is available upon request

RENT:
•Annual rent stands at £56,000, with a rent review every fifth year

TENURE:
•Offered through the assignment of the existing lease with more than 10 years remaining, with renewal options available

INTERNAL FEATURES:
•The trading area boasts dedicated chillers and freezers, strategically positioned around the shops perimeter. At the rear, facilities include staff toilets, a lounge area, kitchen and stockroom
•The first floor of the property is currently being used as storage for stock

EXTERNAL FEATURES:
•The stores benefits from a front customer car park and has delivery access to the rear which directly connects to the stockroom

BUSINESS RATES:
•Interested parties are advised to verify applicable rates with the relevant local authorities

FIXTURES & FITTINGS:
•The business is fully equipped with fixtures and fittings, all of which will be included in the sale

REGULATORY:
•Fully licensed premises, including both premises and Post Master licenses.

LEGAL COSTS:
•Each party bears responsibility for their own legal costs, with shared liability for landlord's legal fees

TRADING INFORMATION:
•Access to trading data is available to serious buyers who have signed a Non-Disclosure Agreement and undergone premise viewing

VIEWING ARRANGEMENTS:
•Early viewing is strongly recommended to avoid disappointment. Discreet customer visits are welcomed, but direct contact with the vendor is strictly prohibited

DEPOSITS:
•Successful applicants are required to submit a non-refundable deposit

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Flourishing Supermarket With Post Office In Affluent Location - SCCS0239 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.