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Retail premises for sale

£35,000

Walsall WS8, UK

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Property description

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 and much sought-after area of Brownhills, Walsall.


Introduction


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 month on 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 convenience products.


Location


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. The area is busy year-round with a good amount of local residents in addition to much passing trade. Free parking is available in the immediate area.


Reason for sale


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.


Lease


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 £8,400 per annum.


Building layout and design


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 well 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.


Staff


Joe's Discount Liquor is currently operating with only our client in employment, additional staff would certainly be of benefit to this business.


Financial details


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 weekly takings of £3,250 with 25% gross profits. The annual rates are £400.


Summary


This leasehold business is a good mix of convenience store and off licence and it delivers impressive weekly takings from both income streams. There is plenty of scope 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: £35,000.

Please quote ref: 5830

Property info

What Zoopla users think of Brownhills

Overall rating:

  • currently 4 stars
Very good - 76% (30 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Brownhills:

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Community & safety
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
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  • 4
  • 5

Nearby transport

  • Shenstone (3.7 miles)
  • Landywood (3.8 miles)
  • Bloxwich (3.8 miles)
  • Birmingham International Airport (15.4 miles)
  • Coventry Airport (27.0 miles)
  • East Midlands Airport (28.4 miles)
  • Sharpness Old Docks (67.9 miles)
  • Woodside Birkenhead Ferry Terminal (68.5 miles)
  • Liverpool Pier Head Ferry Terminal (68.6 miles)

Nearby schools

View all schools in Walsall
  • St James Primary School (0.2 miles)
  • St Bernadette's Catholic Primary School (0.3 miles)
  • Millfield Primary School (0.5 miles)
  • Walsall College (4.5 miles)
  • South Staffordshire College (5.1 miles)
  • TLG North Birmingham (7.2 miles)
  • Brownhills School (0.6 miles)
  • Shire Oak Academy (1.0 mile)
  • Erasmus Darwin Academy (1.5 miles)
Note: Distances are straight line measurements

Local info for Walsall

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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