Leasehold Off Licence Located In Oldbury
Ref 2953

Location
This established Off Licence is located in Oldbury, West Midlands.

Leasehold Asking Price: £99,950 plus SAV (£30,000)

Business Description
Veritas Business sales are delighted to offer for sale this respected Off Licence which is located in Oldbury. The business has been established for over 40 years and has been in the careful hands of the current owners for the past 10 years. They are now offering the business for sale due to other business interests requiring their attention.
Since ownership my clients have continually invested in new equipment along with fixtures and 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 needed to be spent for some time. The business is overseen by the owners but operated mainly by a team of 5 part time members of staff. They retail wines, beers, spirits, soft drinks, draught ciders, alcoholic slushies, crisps, snacks, confectionery and vapes. Pay Point services have just been installed and the shop has an average weekly turnover of £6,000. When the shop is stocked properly and owner operated the turnover can be as high as £17,000 per week.
We strongly believe that there is further potential to increase trade should you wish to by having an owner operator at the helm. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with plenty of passing 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.

Opening Hours
Monday – Thursday – 11:00 – 20:00
Friday & Saturday – 11:00 – 22:00
Sunday – 11:00 – 20:00

Leasehold
Term: 15 years
Remaining: 13 years
Rent: £11,000 pa
Reviewed: 5 yearly
Rates: zero

Ground Floor
Retail comprising: sales counter with an EPOS system, vape display cabinet, 2 x dual tap draught cider pumps, Strongbow draught cider pump, single door upright beer fridge, 2 door upright beer fridge (Husky), 2 x slimline upright drinks fridges, large multi deck beer fridge, 2 x single door fridges (Coca-Cola), sales & display shelves, 2 x triple flavour slush machines, ATM cash machine and central display.
Stockroom with shelving, secure lockable cage, sink drainer and tea & coffee area.
W/C with wash basin.
Wine & spirits storeroom.
The property benefits from CCTV (8 camera system), electric roller shutters to the frontage and an intruder alarm.

External
Shared rear yard with bin area.

EPC Rating E