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8491WS-WALSALL-LEASEHOLD: £5,000 + SAV-OFF LICENCE
Asking Price:
GBP 5000
| Posted by : Niti Jashvir
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Business Location:
United Kingdom » Walsall » WALSALL
Category:
Leisure
»
Bars & Nightclubs
Description:
THE BUSINESS
Advent Business Sales are pleased to have
been instructed to offer to the market this
extremely well established and popular off
licence.
The business has been in our clients hand for
over 22 years and was originally established
over 60 years ago and is only now for sale as
they wish to retire.
Our client’s predominately sell wines, beers,
lagers and spirits but they also retail:
• Champagne
• Confectionery
• Cigarettes and cigars.
• Soft drinks and drinks glasses
• Mobile phone ‘top up’s’
• Cash machine
The owner is currently receiving £606.67
rent per month for both flats above.
EXPANSION POTENTIAL
A new purchaser could convert the side
office and a part of the existing shop into a
general grocery area and thus maximise the
shop takings.
Option: At the moment the first floor above
the shop are two separate apartments.
Should a future purchaser wish to live above
the shop, one or both could be available to
rent.
TRADING HOURS
Mon 10am – 2pm 4.30pm –
9.30pm
Tues – Sat 10am – 2pm 4.30pm –
10pm
Sun: 12 noon –
2pm
7pm – 9pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £7,000
Gross Profit: 30%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Corner position shop onto pavement, with
very large double bay window wither side of
a central door leading into the main sales
area.
Ground Floor
Main sales area
Shelving around all walls with bottles
and glasses on display
Cigarette gantry and expensive spirits
behind till
Packs of lagers and beers are neatly
stacked down the centre of the shop
(these are most popular lines)
4 double chillers
2 single chillers
Budweiser tub chiller
To rear is an extremely large covered
store which is accessed via roller shutter
door for easy loading
Side office
Kitchen
w/c
TENURE: Leasehold
Original lease: 15 years
Remaining lease: 15 years
Review every: 3 years
The rent is currently £18,200 per annu.m,
however the owner has agreed that for the
first year he will accept £15,000 &
thereafter £18,200 for year 2 & 3
It must be pointed out that the rental
income from the flats will pay towards some
of the rent for the landlord
We are advised that the annual business
rates are currently: £3,000 approx
LOCATION
The business is located on a main arterial road into Walsall in the West Midlands. It is situated in a
very small parade of shops that each help to attract customers to one another. There is ample free on
street parking immediately outside the shop and in the surrounding predominantly residential area.
The business has no direct competition between itself and Walsall.
The area can be accessed by the A34 and by the M6 at either junction 9 or 10.
Financial Information:
Annual gross sales: (GBP)
N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:
Business Area:
WALSALL
Year Established:
1986
Is Relocatable?:
No
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
No
Number of Employees
:
The shop is managed by two brothers with
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