Shop for sale

West Midlands

£40,000

Property Description

Full description

Tenure: Leasehold

EXCELLENT LEASEHOLD OFF LICENCE AND NEWSAGENTS - WEST MIDLANDS
Very well presented shop with quality fixtures throughout
High footfall & passing trade location in Halesowen
Advised turnover 3,000 PW with good GP returns
Early interest and viewing is highly advised
Sale price includes all fixtures and fittings
Genuine poor health reason for sale
Ideal lifestyle change opportunity
Huge scope for future growth
LEASEHOLD


Location

This superb leasehold newsagents and off licence is located in Halesowen which is in the West Midlands. The business is situated on a very busy through road which links Halesowen to Blackheath and Quinton. There is a mass of passing motorists and public transport users who use the through way on a daily basis giving the business very high levels of passing trade. The local area has a large amount of residential homes which supplies the shop with a consistent local trade throughout the year. Halesowen is a very popular business and residential area which has seen significant growth and development over the past few years. The area benefits from having very easy access to a wide variety of neighbouring areas including Birmingham city centre which is only a short drive away and has excellent public transport links. Halesowen also benefits from being situated close to the M5 motorway which makes visiting and commuting very easy.


Business History

Meridian Business Sales are delighted to offer for sale this leasehold off licence and newsagents which has a proud history dating back to the early 1960s. The business has been owned and run by our clients since 2003 and they are only now placing it onto the market due to unfortunate poor health and the need for a more relaxed pace of life. The business achieves a very respectable advised weekly turnover of 3,000 which is derived from selling a large variety of convenience style goods coupled with alcohol and newspapers. The property also has first floor living accommodation which is currently let at an advised rate of 450 per month which is included in the sale price and would assist with the monthly rent. Our clients have worked exceptionally hard on the businesses presentation and are including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future. This is an ideal first business opportunity for an individual or couple who is looking for a long standing trading opportunity situated in a high traffic area. We feel that this opportunity offers an excellent base to build upon and we urge very early interest and viewing.


Financial Profile

Turnover: 3,000pw
Gross profit: 20%
Stock approximately: 20,000


Tenure

Leasehold
New 5 year lease
Shop rent: 800pm
Shop & flat rent: 1,400pm

Option to lease the business, excluding the flat at 12,000pa

Freehold option also available


Opening Hours

Monday: 6:00am - 9:30pm
Tuesday: 6:00am - 9:30pm
Wednesday: 6:00am - 9:30pm
Thursday: 6:00am - 9:30pm
Friday: 6:00am - 10:30pm
Saturday: 6:30am - 10:30pm
Sunday: 7:00am - 9:30pm


Accommodation

Well presented retail shop offering roadside parking, ramp and step access, glass fronted with roller shutter security, open plan retail space with 3 display islands and wall fixed shelving, serving / payment counter with additional displays, freezers, fridges, storage spaces, first floor 2 bedroom flat with living room, bathroom and fitted kitchen, rear parking for 1 vehicle.

Ground Floor
Large highly visible front advertising with security front shutters, ramp and step access and secure front entrance leading to open plan display area with front fitted payment / serving counter with displays, interchangeable shelving and product racking displays, several free standing displays, 2 x chest freezers, 3 x double sided display islands. 4 chillers, private storage area and rear counter area with additional storage space.

First Floor
Self contained flat (currently let) comprising of: 2 x bedrooms (1 single, 1 double), living room, bathroom with toilet, bath and wash basin plus kitchen fitted with worktops, wash basin, cupboards and drawers.

External
Roadside parking and private car parking space.


Nearest stations

  • Rowley Regis (0.5 mi)
  • Old Hill (0.9 mi)
  • Langley Green (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest stations

  • Rowley Regis (0.5 mi)
  • Old Hill (0.9 mi)
  • Langley Green (2.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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