Birmingham, B23

Leasehold Off-Licence Located In Erdington

Ref 2375

Location

This delightful retail Off-Licence business is located on the main High Street in Erdington, Birmingham. Its stands within a prominent and highly visible trading position on a corner and is close to large retailers like, KFC, Pizza Hut, Lloyds Pharmacy and HSBC Bank, all of which bring high footfall to the area. Birmingham city centre is just 4.2 miles away and you have easy access to the M6 motorway.

Asking Price: £104,950 plus SAV (£30,000)

Business Description

Veritas Business sales are delighted to offer for sale this respected Off Licence which is located in the Erdington. The business has been established for over 20 years and has been in the careful hands of my clients for the past 10 years. Reluctantly the business is now being offered for sale to so that they can concentrate on other business interests. Since ownership they have made continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Victors Wines is overseen by its owners but is mainly operated by 2 part time members of staff and has an average weekly turnover of circa 11,000. They retail a fine selection of beers, wines, spirits, soft drinks, tobacco products, confectionery, groceries and milk. Other services include The National Lottery (sales £260 per week) and Paypoint (sales are £1,200 per week). We believe that there the business would benefit from a more hand on owner operator. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours

Monday - Saturday - 10.00am - 9.00pm Sunday - midday - 9.00pm

Leasehold

New 15 year lease available Rent: £15,000 plus vat pa Rates: £4,000

Ground floor

Retail sales area comprising: sales counter with EPOS till system, lottery terminal, tobacco kiosk, glass vape display cabinet, sales and display shelves, 2 central display isles, large 9 door drinks chiller, large multi deck soft drinks chiller, ATM cash machine, ice cream fridge, wall mounted TV and CCTV monitor. Under stairs storage cupboard. Small kitchen with sink drainer, base & wall units and microwave. W/C with wash basin.

Cellar

One storeroom below the retail shop.

The property benefits from a CCTV (12 camera) system, redcare alarm, 2 blower heaters and manual shutters to the frontage.