Busy Main Road Off Licence and Convenience Store in Oldbury, West Midlands for Sale
Oldbury, West Midlands
- Status
FOR SALE
- Advert ID
627879
- Reference
CS0292 / Rightbiz
- Call Agent:
- Leasehold: £65,000
- Rent: £10,200 (£850 per month)
- Turnover: £104,000 (£2,000 per week)
- Net Profit: On request
Key Features
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Potential for Alternative Use
- High Turnover
- Prime Location
- Fully Fitted
- Attractive Business
- Unique Business
- With Car Park
Business Details
Off Licence and Convenience Store located on a busy main road
Mailbox Estates offers a property opportunity to acquire a Convenience store which is located on a busy main road.
The store will suit a first-time buyer who is looking to delve into the convenience sector.
REASON FOR SALE:
* Our client first opened the business on December 2024 and is now offering the business for sale due to other business commitments.
THE OPPORTUNITY:
* Main road location
* Ideal for new entrant or existing operator
* Nil business rates
* Brand new store, offering exciting opportunity
LOCATION:
* Situated within a vibrant commercial area in Oldbury, surrounded by schools, local amenities, and a variety of retail businesses, providing a great base for footfall and future growth potential.
*The surrounding area has a mix of residential and business properties, with a local population of over 38,000, according to StreetCheck.co.uk.
TURNOVER:
* We have been advised by our client that the weekly counter sales on average are £2,000 with approx. 30% margins.
The store currently does not offer a lottery, but an application has been submitted
FIXTURES AND FITTINGS:
* Staff W/C
* Five channel CCTV
* Jack Daniels drinks Fridge
* Freezer
* Four door drinks fridge
EXTERNAL:
* The store is well presented and maintained, with clear visible signage
* The shop has parking directly outside offering convenience for customers
* LED Lighting
TRADING HOURS:
* Monday - Thursday 6:00am - 11:00pm
* Friday - Saturday 6:00am - 12:00pm
* Sunday 6:00am - 11:00am
STAFF:
* The business is owner-operated by the owner and one part time staff member.
TENURE:
* The site is offered via transfer of the assignment of the existing lease until 2030 with a renewable lease.
RENT:
* Monthly rent is £850.
TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
LEGAL COSTS:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are to be shared equally between the buyer and seller.
DEPOSITS:
* Successful Buyer(s) will be required to pay a non-refundable deposit.
Contact Agent
Listing Statistics
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.
Be safe, use a Rightbiz Solicitor
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
