Intelligent Business Transfer are delighted to bring to the market this great opportunity to purchase a popular off licence in Smethwick in Birmingham.
It has been established since 2012 and has experienced substantial growth since then. The business combines a traditional off licence and convenience store for their loyal customer base.
The business has a great reputation in the local community, who provide them with regular and repeat business. They benefit from having minimal competition in the area and is unique in the fact that they have a 24 hour licence.
The turnover of the business for last year was in the region of £280,000, which consists of weekly takings in excess of £5,300. The business also has impressive gross and net profit margins due to the minimal overheads of the business.
The financial figures of the business could be improved significantly if they were to increase the opening hours of the business. This has been voiced to the current owners on several occasions and due to the 24 hour licence the business holds, this would not be a problem and would increase the sales revenue significantly.
It is with much regret that the current owner is willing to sell the business to pursue other interests. This business would provide a potential buyer with an established business with impressive financial figures.
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