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Retail property (high street)

0121 721 6440

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Retail property (high street)

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0 bath

Property description & features

Leasehold Off Licence
Established Business
Further Potential
Staff Operated
Operated On Very Short Opening Times

Leasehold Off Licence Located In Oldbury
Ref 2953

Location
This established Off Licence is located in Oldbury, West Midlands.

Leasehold Asking Price: £84,950 plus SAV (£30,000)

Business Description
Veritas Business sales are delighted to offer for sale this respected Off Licence which is located in Oldbury. The business has been established for over 40 years and has been in the careful hands of the current owners for the past 10 years. They are now offering the business for sale due to other business interests requiring their attention.
Since ownership my clients 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 any new purchaser as additional funds will not needed to be spent for some time. The business is overseen by the owners but operated mainly by a team of 5 part time members of staff. They retail wines, beers, spirits, soft drinks, draught ciders, alcoholic slushies, crisps, snacks, confectionery and vapes. Pay Point services have just been installed and the shop has an average weekly turnover of £6,000. When the shop is stocked properly and owner operated the turnover can be as high as £17,000 per week.
We strongly believe that there is further potential to increase trade should you wish to by having an owner operator at the helm. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with plenty of passing trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - Thursday - 11:00 - 17:00
Friday & Saturday - 11:00 - 17:00
Sunday - 11:00 - 17:00

Leasehold
Term: 15 years
Remaining: 13 years
Rent: £11,000 pa
Reviewed: 5 yearly
Rates: zero

Ground Floor
Retail comprising: sales counter with an EPOS system, vape display cabinet, 2 x dual tap draught cider pumps, Strongbow draught cider pump, single door upright beer fridge, 2 door upright beer fridge (Husky), 2 x slimline upright drinks fridges, large multi deck beer fridge, 2 x single door fridges (Coca-Cola), sales & display shelves, 2 x triple flavour slush machines, ATM cash machine and central display.
Stockroom with shelving, secure lockable cage, sink drainer and tea & coffee area.
W/C with wash basin.
Wine & spirits storeroom.
The property benefits from CCTV (8 camera system), electric roller shutters to the frontage and an intruder alarm.

External
Shared rear yard with bin area.

EPC Rating E

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Places of interest

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

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Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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Property reference 2953. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

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