Post Office and Convenience Store for Sale in Birmingham West Midlands

Description

An exceptional opportunity to acquire a long-established Post Office and Convenience Store located in a busy, well-populated residential area near Handsworth Wood, Birmingham. The business enjoys a loyal customer base, steady footfall, and strong potential for growth through extended hours, improved merchandising, and modernisation.Freehold OptionAsking Price £549,000 (negotiable, including goodwill, fixtures and fittings; stock at valuation)Key Financials* Weekly shop turnover £12,000 excluding lottery* Lottery sales approximately £2,000 per week* Gross profit margin around 25%* Post Office remuneration £20,000-£24,000 per year* Lottery commission £300-£400 per month* ATM commission £150 per month* Utilities (gas and electric) £800-£900 per month* Business rates nilProperty Details* Ground floor retail unit operating as a convenience store and Post Office* Two-bedroom flat above (sold on a long 60-year lease - not included)* Freehold title covers the entire building* Total shop and stockroom area approximately 1,925 sq ft* Rear garden area approximately 250 sq ft - potential for additional display or storage* On-site parking for two cars plus further on-road parking* Two part-time staff* Premises equipped with CCTV and monitored alarm system (paid by Post Office - no extra cost)Leasehold Option* Leasehold Premium (goodwill, fixtures and fittings) £165,000, stock at valuation* Rent £25,000 per annum* Lease term 20 years FRI* Rent review every 5 years* Rent deposit 3 months* Residential flat not includedGrowth Opportunities* Same ownership for nearly 25 years - ideal for a new operator with fresh ideas* Potential to introduce fresh meat, bakery, or coffee-to-go services* Opportunity to extend trading hours to increase weekly sales* Store layout and merchandising improvements could further boost turnover