Retail property (high street) for sale

Leasehold Outdoor & Vape Store Located In Digbeth

0121 721 6440

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Retail property (high street)

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Property description & features

Leasehold Off Licence & Vapes
Located In The Custard Factory
Only Trades 5 Days
Further Potential
Staff Operated

Leasehold Outdoor & Vape Store Located In Digbeth
Located In The Famous Custard Factory
Ref 2962

Location
This Outdoor & Vape Store is located within the Custard Factory on Gibb Street in Digbeth, Birmingham. This was home to the famous Bird's Custard factory which was redeveloped back in 1992 into an this thriving independent shopping destination with cafes, bars and a creative digital business workplace. The neighbourhood is just a short walk from the Bullring, Birmingham New Street Station, and Birmingham's imminent HS2 station at Curzon Street.

Asking Price: £10,000 plus SAV (£2,000)

Business Description
Veritas Business sales are delighted to offer for sale this Outdoor & Vape Store which is located in Digbeth. The business was established by the current owner 18 months ago and is now being offered for sale so that he can concentrate on other business interests.
All fixtures and fittings 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 have to be spent for some time. The Outdoor is overseen by the owner but mainly operated by 4 part time members of staff and has an average weekly turnover of circa £2,000. The split of turnover is 35% disposable vapes, 35% beers, wines, spirits, soft drinks, crisps and confectionery and the remaining 30% is tobacco products.
We believe that the business would thrive from having an owner operator at the helm rather than being heavily reliant on staff. There is potential to increase revenue by opening Sundays and Mondays and by adding other product lines. The business in a short time enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade along with many new customers due to its prominent location. We consider this an ideal opportunity to purchase a turnkey business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - closed
Tuesday - Thursday - 11:00 - 22:00
Friday & Saturday - 12:00 - 00:00
Sunday - closed

Leasehold
Term: 3 years
Remaining: 18 months
Rent: £620 per month inclusive of vat
Service charge: £120 per month inclusive of vat

Ground Floor
Retail area comprising: 2 x two door beer fridges, slimline (Red Bull) drinks fridge, 6 x wall mounted confectionery shelves, 3 x wall mounted display shelves, sales counter , worktop with sink, 3 x wall mounted shelves and small counter (Red Bull) fridge.

The premises benefits from a fire alarm and CCTV (2 camera system). The complex offers shared toilet facilities.

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Places of interest

Veritas Business Sales - Solihull

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

0121 721 6440

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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.

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Property reference 2962. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

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