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Off License and Convenience Store for Sale in Oldbury West Midlands with Three-Bedroom Residence

Oldbury, West Midlands

CONFIDENTIAL

  • Freehold: £485,000
  • Turnover: £136,554 (£2,626 per week)
  • Profit: Not Applicable

Business Details

Off License & Convenience For Sale in Oldbury

POST OFFICE, CONVENIENCE AND THREE BEDROOM RESIDENCE in Oldbury for Sale.

Busy Post Office, convenience store and family sized residence at one of the busiest crossroads in Oldbury, a market town equidistant between Birmingham and Dudley in the West Midlands. Our clients have owned the business for over 20 years and are now looking toward a well-earned retirement. Offers are sought for the business and property on either a leasehold or freehold basis. Annual retail turnover £136,554 plus a Post Office remuneration of £18,200 per annum. Most recently, the business has been run solely by its two owners on short opening hours and no evenings, leaving a huge opportunity for new owners to extend the opening hours and introduce an off-licence or increase the food offering. Currently, a good portion of the shop is dedicated to the sale of greeting cards which have good profit margins, however a bank of chillers with beverages and foods would prove to be hugely popular given the amount of footfall and vehicle traffic at this junction. Highly prominent corner building within which the Post Office and store occupies a large open plan ground floor area. Fortress Post Office counter. Widely spaced aisles with convenience goods to one side and greeting card displays to the other. Back areas include substantial storage rooms, an office area and rear door leading to a large, enclosed forecourt with carport. Staff kitchenette and WC. There is a separate independent entrance at street level to the accommodation which comprises three double bedrooms, house bathroom, dining kitchen and a colossal lounge, all on the first floor. EPC Band C
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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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