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Busy Off Licence with High Turnover.

Stourbridge, West Midlands
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  • Status

    SOLD / WITHDRAWN

  • Date Submitted:

    24/05/22

  • Advert ID

    295853

  • Reference

    CS0939FDCXX / Rightbiz

  • Call Agent:

    Registered Buyers only »

  • Leasehold: £260,000
  • Rent: £25,000
  • Turnover: On request
  • Net Profit: On request

Business Details

Mailbox Estates presents an opportunity to purchase a high turnover Off Licence store which is completely unopposed and reputable in Stourbridge, Birmingham. The store is well fitted and is heavily relied upon in the local community.

Established Since 1998, and run by the same owners since, Our client reluctantly sells this gem of a business due to other business commitments that require their full attention.

Location
* The store is prominently located on a busy street and so benefits from high levels of footfall and passing trade.
* The store is well presented and maintained, with clear visible signage.

Current turnover
* The business generates an average of £22,000 to £23,000 per week but its large size offers limitless opportunities to further increase sales.
Tabocco sales average around £1,000 per week.

Premises:
* The business has an open plan sales area and is fitted and equipped to a high corporate standard for the sale of convenience goods, alcohol, confectionary, ciggerettes, and a lottery terminal.

* The business also benefits from a full modern CCTV and alarm system.

* The store is well presented in good condition, with thoughtfully arranged shelving, and a wide selection of wine, beers and other drinks.

Equipment included:
* The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

Lottery takings are not included in the counter sales.
The lottery sales average around £500 per week.

Trading Hours:
* Monday to Saturday 10:00am - 10:00pm
* Sunday 11:00am - 9:00pm

Staff:
* This store is run under full management of three full time and one part time staff.

Accommodation:
* There is no accommodation included.

Tenure:
*The business is offered for sale on a new 15 year renewable lease with a rent review every fifth anniversary.

Rent:
The rent per year is £25,000.

External:
* A highly visible Off Licence with a prominent main road location. Also shared customer car park to the front with over 50 spaces.

Business Rates:
£0.00
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

Trading Information
* Full accounts will be made available to seriously interested parties after they have viewed the business.

Regulatory
* Premises licence.

Additional information:
* Customer viewings are encouraged but under no circumstances should staff be spoken to at this fully managed site. Failing to adhere to this will result in the interested party being ruled out of the sale process.

Please note, as this is a confidential sale, the true location of this shop has not been disclosed.

Viewing is highly recommended, strictly via agent only.

Tenure: Leasehold

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Key Features

Contact Agent

Contact the seller for more details, or book a viewing

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

Do not 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 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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Contact seller

SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

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 'Busy Off Licence with High Turnover. - CS0939FDCXX / 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.