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Leasehold Off Licence Located In Erdington

Birmingham, West Midlands
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  • Leasehold: £139,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Off-Licence Located In Erdington
Ref 2619

Location
This delightful retail Off-Licence business is located on the main High Street in Erdington, Birmingham. Its stands within a prominent and highly visible trading position on a corner and is close to large retailers like, KFC, Pizza Hut, Lloyds Pharmacy and HSBC Bank, all of which bring high footfall to the area. Birmingham city centre is just 4.2 miles away and you have easy access to the M6 motorway.

Asking Price: £139,950 plus SAV (£30,000)

Business Description
Veritas Business sales are delighted to offer for sale this respected Off Licence which is located in the Erdington. The business has been established for over 22 years and has been in the careful hands of my clients for the past 12 years. Reluctantly the business is now being offered for sale to so that they can concentrate on other business interests.
Since ownership they have made continually invested in new equipment along with fixtures & 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 need to be spent for some time. Viktors Wines is overseen by its owners but is mainly operated by 2 part time members of staff and has an average weekly turnover of circa £12,500 net of vat. They retail a fine selection of beers, wines, spirits, soft drinks, tobacco products, confectionery, groceries and milk. Other services and additional income include The National Lottery (sales £260 per week) and Paypoint (sales are £1,200 per week).
We believe that there the business would benefit from a more hand on owner operator. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat 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 as this is not to be missed.

Opening Hours
Monday – Saturday – 10:00am – 10:00pm
Sunday – 12:00pm – 9:00pm

Leasehold
New 15 year lease available
Rent: £21,600 pa
Rates: £2,200

Ground floor
Retail sales area comprising: sales counter with EPOS till system, lottery terminal, tobacco kiosk, glass vape display cabinet, sales and display shelves, 2 central display isles, large 9 door drinks chiller, large multi deck soft drinks chiller, ATM cash machine, ice cream fridge, wall mounted TV and CCTV monitor. Under stairs storage cupboard.
Small kitchen with sink drainer, base & wall units and microwave.
W/C with wash basin.

Cellar
One storeroom below the retail shop.

The property benefits from a CCTV (12 camera) system, redcare alarm, 2 blower heaters and manual shutters to the frontage.

EPC Rating C
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Contact seller

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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