Mailbox Estates is delighted to offer a fantastic opportunity to acquire a well-established and highly profitable Off Licence located on a bustling main road in Birmingham.
With an impressive weekly turnover of approximately £12,000, this is a turnkey business with significant scope for further growth through branding, product range enhancement, and extended services.
This is an ideal acquisition for either a multi-site operator looking to expand or a first-time buyer seeking a solid entry point into the convenience retail sector.
REASON FOR SALE
* After nearly 20 years of successful ownership, our client is now looking to retire, creating a fantastic opportunity for a new operator to take the reins of this thriving business.
THE OPPORTUNITY
* Same owner since 2006
* Suitable for both experienced operators and first-time buyers
* High Weekly Turnover - £12,000 per week on average
* Average Margins of 26%
* No Business Rates
* Coffee to go & Parcel Pick up services can be added for further revenue
LOCATION
* Positioned on the A34 - a major commuter and retail route with 20,000+ vehicles passing daily, providing excellent visibility and passing trade.
* The ongoing regeneration and residential developments in the area present opportunities to expand product offerings and services to meet the needs of a growing community.
* Well-served by public transport, with Perry Barr railway station and multiple bus routes nearby, facilitating easy access for customers and staff.
With high footfall, excellent local amenities, and easy access to surrounding neighbourhoods, this is a prime spot for a convenience store to thrive.
TURNOVER BREAKDOWN
* We have been advised by our client that the counter sales on average are £12,000 per week.
* The business generates National Lottery sales of approximately £1,000-£1,500 per week & Paypoint / Payzone generates sales of approximately £5,000 - £7,000 per week.
*Swift card Bus Top ups are also offered at the store.
FIXTURES AND FITTINGS
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
GROUND FLOOR SHOP PLAN
*Approx internal floor area of 135 sq meteres ( 1453 Sq.ft)
* Bright and spacious retail floor with perimeter chillers and freezers
*Secure kiosk with display for alcohol and tobacco products
* Large rear storeroom for stock management
*Well-maintained, functional layout allowing for smooth daily operations
EXTERNAL:
Convenient free parking is available for passing trade to the front of the store. Ensuring easy access for customers during peak times and beyond.
Loading and unloading facilities are also available at the front of the store for smooth delivery operations.
TRADING HOURS
* Monday - Friday 7:30am - 9:00pm
* Saturday - Sunday 8:00am - 9:00pm
STAFF
* Currently operated by a family team, making it a great hands-on business or an easy addition to a portfolio with minimal staffing needs.
TENURE:
The site is available by way of assignment of the existing lease until 2036 and is renewable.
RENT:
* £12,748 per annum.
Business Rates
*Enjoy the advantage of zero rates payable, enhancing the appeal of this opportunity.
TRADING INFORMATION
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
LEGAL COSTS
* Each party to be responsible for their own legal costs in connection with the sale.
*Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally
DEPOSITS
* Successful Buyer(s) will be required to pay a non-refundable deposit.
