Ref 5830 – Leasehold Off Licence & Convenience Store
Blacks Brokers are proud to bring to the market this leasehold licence and convenience store located in the busy, thriving trade area of Brownhills, Walsall.
Joe's Discount Liquor has been trading on High Street since 2016 when our client set the business up, during this relatively short trading history, the business has already shown growth every month and firmly established itself within the local community. The business stocks a large range of beers, wines and spirits at competitive prices along with some general convenience store products.
Brownhills High Street in Walsall, West Midlands is well connected with the A5, A452, M6 and M6 Toll. This is an excellent trading position on a busy high street with a major route bus stop in front of the shop and Costa Coffee opposite which generates massive passing trade, giving the business an enviable trading position. The area is busy year-round with a good amount of local residents in addition to much passing trade. From nearby travel links. Free parking is available in the immediate area.
Joe's Discount Liquor is only being offered for sale due to our client’s family commitments and sadly, ill health. The business is also exceptionally busy and would be more suited to a partnership or team of owner-operators.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 10 years with rent reviews every 5 years. The current lease began in 2016 at a cost of £161 per week.
Joe's Discount Liquor is housed within a large, two storey, double fronted unit within a busy parade of other shops and businesses. It is brilliantly branded with large, clear signage on display along with a good window display of offers and products. Inside, the retail space is well set out and well-presented, with counter to the rear and stock displayed on wall shelving, central gondolas and within fridges where required. The unit has tiled flooring and modern lighting throughout. The first floor houses an office and store room along with a staff room including kitchenette and toilets. As with the ground floor, all areas are presented well. To the rear of the building is a service road with parking.
Joe's Discount Liquor is currently operating with only our client in employment, additional staff would certainly be of benefit to this business. This shows how lucrative this business is & illustrates its excellent potential for increasing turnover with new owners taking over, enabling longer trading hours.
Financial details are available upon a viewing of the business and Joe's Discount Liquor has traded solidly over its trading history. The business generates annual turnover of £169,000 with gross profits of £42,250. The annual rates are astonishingly low at only £400.
This leasehold business is a good mix of convenience store and off licence and it delivers impressive turnover from both income streams. There is huge scope and potential to develop the business further and there are even more income opportunities through longer opening with additional staff and Sunday opening which is much in demand in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £29,950.
Please quote ref: 5830