Traditional Wine Store in West Midlands For Sale

Situated in a Busy Parade, excellent trading position, residential, office and commercial area, West Midlands.

Turnover £ 9,000
Price £145,000

Features

Traditional Wine Store

DOUBLE FRONTED PREMISES in the region of 1,130 ft² WITH ELECTRIC SHUTTERS, wood strip floor, suspended ceiling with concealed LED lighting, sales counter, EPOS till, cigarette draw & VAPE display, modern adjustable shelving, 2 large open cool display unit, aditional open cool display unit, walls Ice Cream Freezer.

Stock room.

Staff Toilet with w.c. and wash hand basin.
Small Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £9,000 p.w. with a Gross profit of 40% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £25 per week approx.

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 10am - 11pm
SUNDAY 11am - 10pm

Outside

Service road to the rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2016 with reviews every 4 years (next review 2028) at a current rent of £24,000 p.a.

Business Rates from April 2024 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 72,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote