Off Licence for sale in Stourbridge with prime high street location and growth potential
Stourbridge, West Midlands
- Status
FOR SALE
- Advert ID
643414
- Leasehold: Price on Application (Stock at valuation)
- Rent: £10,800 (£900 per month)
- Turnover: £312,000 (£6,000 per week)
- Profit: On request
Key Features
- Asking price and stock levels
- CCTV security system
- Prime high street location
- Retail location with high footfall
Business Details
Off Licence in Stourbridge
Located in the vibrant centre of Stourbridge, this convenience store benefits from a prime position on the high street, attracting both regular and new customers. With substantial foot traffic from passers-by, the shop enjoys a strategic location amidst a variety of local pubs, bars, and restaurants, which drives additional patronage. The potential for growth is significant under new ownership, especially with the opportunity to reinstate services offered by the previous owner, such as newspapers and parcel services, as well as to adjust opening hours to better meet customer needs. This venture presents an excellent opportunity for both experienced entrepreneurs and first-time buyers.
The competition in the area is relatively low, giving the business a distinct advantage. Over the past year, turnover has increased, indicating a positive upward trend in sales. The current owner is selling the shop to pursue a new venture, which opens up a chance for a new owner to step in and thrive. Presently, the store operates with a small team, consisting of only one employee, which keeps operational costs down. Additionally, the business currently has no online presence, presenting an opportunity for digital expansion.
Key Business Details
Available for sale is this leasehold convenience store in Stourbridge, West Midlands, with an asking price provided upon request. The current turnover stands at £312,000, with an annual rent of £10,800. The store features a range of essential facilities and benefits that make it an attractive business opportunity:
- Prime high street location with high footfall and proximity to major roads
- Close to public transport, ensuring easy accessibility
- CCTV security system for enhanced safety
- Commission from lottery sales, adding to revenue streams
- Flexible opening hours to adapt to customer needs
- Goodwill and fixtures included in the sale
- Gross profit margins, offering a path to profitability
- Ideal for new ownership, with minimal staff requirements
- Secure premises with ample storage space
- Engagement with the local community, which is essential for sustained success
This licensed retail operation is managed by the current owner and benefits from reliable foot traffic, making it well-positioned for success. Whether you're looking to manage a hands-on retail business or leverage its existing goodwill, this convenience store offers a compelling option for aspiring retailers.
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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.
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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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