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Licensed general store with 3-bed flat for lease in Birmingham West Midlands area

Birmingham, West Midlands

CONFIDENTIAL

  • Leasehold: £125,000 (Stock at valuation)
  • Turnover: £364,000 (£7,000 per week)
  • Profit: Not Applicable

Key Features

  • Small Business
  • Offers Invited
  • New Lease
  • Accounts Available

Business Details

500 sq. ft. Licensed General Store with 3 Bed Flat – Birmingham Area

500 sq. ft. Licensed General Store with 3-Bed Flat – Birmingham Area

No Competition

Asking Price: £125,000 (Negotiable)

Tenure: Leasehold

Annual Rent: £22,200 (whole property)

Business Rates: Nil

New Lease

Rent Review: 4years

Finance Available: Fast loan funding available via independent broker - approval typically  within 7-10 days ( for UK residents with clear credit history and at least 50% of the purchase price available up front )

Key Features

  • Weekly turnover: £7,000 – £8,000
  • Shop size: approx. 500 sq. ft.
  • Additional commission: ~£300/month (lottery, parcels, cashback)
  • Utilities: Electricity ~£600–£700/month (including flat)
  • 3-bedroom accommodation included with separate access
  • One room currently let at £500/month; potential £18,000/year rental income from all rooms
  • Effective net rent: £4,200/year once accommodation fully let
  • Growth opportunities: extend hours, add new product lines, expand services

Property Details

  • Licensed general store/off-licence
  • Ground floor retail (500 sq. ft.)
  • Three bedrooms 4th room (sitting room option) kitchen downstairs
  • Accommodation has separate entrance


Important Notes

  • Each party to bear their own legal fees.
  • All information provided has been supplied by the seller and is subject to verification.
  • Finder’s fee is applicable and payable by the buyer upon offer acceptance.

Contact: Bal on 07399815289 (Fast Property Hub)
 Disclaimer: All figures and business details have been provided by the seller and are subject to independent verification by the buyer.


 

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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 '500 sq. ft. Licensed General Store with 3 Bed Flat – Birmingham Area - FPH1026 / 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.