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 Option Asking 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 nil Property 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 included Growth 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