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Leasehold Off-Licence Located In Erdington For Sale

Erdington, West Midlands, UK
Asking Price:
£149,950 Furniture / Fixtures included
Sales Revenue:
£780,000
Cash Flow:
Available on request

Leasehold Off-License located in Erdington. Prominent high street location. Turnover £15,000 per week. Currently operated by staff so comes with further potential.

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 22 years and has been in the careful hands of my clients for the past 12 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. Viktors 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 £12,500 net of vat. They retail a fine selection of beers, wines, spirits, soft drinks, tobacco products, confectionery, groceries and milk. Other services and additional income 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.

Property Information

Property:

Leasehold

Lease Terms:

New 15 year lease available Rent: £21,600 pa Rates: £2,200

Leasehold Rent:

£21,600 per annum

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.

Premises Details:

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.

Energy Performance Rating:
C

Business Operation

Trading hours:

Monday – Saturday – 10:00am – 10:00pm Sunday – 12:00pm – 9:00pm

Years established:
22 years

Other Information

Inventory / Stock value:
£30,000

Contact Veritas Business Sales

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