Features and description

Established Business
High Street Location
Turnover £15,000 Per Week
Ideal Bolt On
Currently Operated by Staff

Leasehold Off-Licence Located In Erdington
Ref 2619

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: £139,950 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 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.

Opening Hours
Monday - Saturday - 10:00am - 10:00pm
Sunday - 12:00pm - 9:00pm

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

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.

EPC Rating C

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About this agent

Veritas Business Sales - Solihull

Central Boulevard, Blythe Valley Business Park Solihull, West Midlands B90 8AG

0121 721 6440

Full profile Property listings

Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

*Disclaimer and call rate information...

No longer on the market

Retail property (high street)

Features and description

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