Reduced For Quick Sale - COVENTRY OFF LICENCE

Price:

Leasehold - £0

Seller Ref:

trb.1424

Location:

West Midlands , West Midlands, Coventry

Business Type:

Retail businesses

See Other:

Newsagents for sale in West Midlands
Off licences for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

A very well presented Newsagents and Off Licence set amongst a selection of quality retailers in a small parade of shops with excellent parking facilities. The location is ideal as it is on a busy road, next door to a very popular public house and close by to large park area that provides excellent seasonal trade from festivals and other functions. The business has been owned by the vendors for 5 years and has provided a secure income and family home for them during this time. The business is now offered for sale through The Business Partnership Coventry & Warwickshire office due to other opportunities available to the vendors. The business retails news, tobacco and confectionary with general convenience items together with a full range of Wines, Beers & Spirits. The shop is located in an affluent area of the city and services a large population with no direct competition. There are not currently any news rounds and a new owner could introduce this.

Our Opinion: There are not many off licence and convenience stores that come onto the market of this quality. The region in which it is located is affluent and a retail store of this quality has every opportunity to continue to flourish and operate on the sound commercial basis established by the owners. The business is reluctantly offered for sale due to other opportunities now available to the vendors. Viewing is highly recommended, particularly for families with children of schooling age, looking for a safe and secure environment in which to run a business and bring up a family!!

Lease Terms:

The premises are held on a 20 year lease with circa 15 years remaining. Currently rent payable is £15,750 per annum for the whole premises including shop, flat and large garage/store/staff facility.

Trading Hours:

Monday to Saturday 6.30am to 9.30pm (licensed to open to 11.30pm) and Sunday 6.30am to 7pm