Freehold Off Licence For Sale

Business description

Bag a Business is delighted to offer for sale this extremely profitable business, located in a prime trading position amongst a densely populated region, close to the town of Bilston, in Wolverhampton. Our client established the shop in November 2006 as an addition to his other business interests. The business is only now being placed onto the market due to an opportunity for our client to pursue other unrelated activities. Fraser Street Off-Licence has an excellent turnover for such a young business, achieving annual figures of £321,000 with a gross profit of approximately 25%. Turnover is derived from the sale of alcohol, cigarettes, convenience goods, Pay Zone and groceries. The business has rapidly developed a large, loyal customer base that often pushes for product lines to be introduced. Due to the prime trading position the building offers, our client has previously considered converting the unit into a fast food outlet; which he believes would be highly lucrative, but would be subject to appropriate planning permissions. We feel that this is an excellent base for a new owner to build upon by, perhaps, introducing new product lines, extending the short opening hours and possibly converting the unit for fast food purposes.

Property information

Property:

Freehold

Living accommodation:

Two-storey building of brick construction situated beneath a pitched tile roof. The shop unit is located on the ground floor whilst on the first floor is a one bedroom flat. In addition to this there is a brick out-building that our client has considered converting to a second retail unit or a fish & chip shop. Briefly comprising: GROUND FLOOR Good sized retail trading area in excess of 300sqft, which could be extended Counter with electronic cash register with debit/credit card machine and Pay Zone machine Perimeter racking and shelving Cigarette gantry Cash machine (please note: not filled by owners) Drinks chillers Chest freezers Staff kitchenette/facilities area FIRST FLOOR One bedroom flat offering: Double bedroom Lounge Bathroom EXTERNAL Garage and off-road parking Good sized rear yard and off road parking Brick out-building

Location:

Fraser Street Off License is ideally situated at the heart of a busy residential estate, with free car parking directly outside. The business draws its trade from the local residents, offering a highly convenient alternative to travelling to the centre of Bilston. However, the business benefits from excellent levels of passing footfall from the adjacent primary school, as well as the local secondary school. There has been a tremendous amount of investment in the local area, with several new housing developments. Of particular note is the Black Country Route that links Bilston to junction 10 of the M6, making the town a popular location for commuters. Bilston boasts excellent transport links to both Birmingham and Wolverhampton, by road as well as rail.

Other information

Trading hours:

Mon - Fri: 8:00am - 8:00pm Sat: 9:00am - 8:00pm Sun: 10:00am - 8:00pm