Fantastic Off-Licence in the West Midlands with Recent Refurbishment

Walsall, Walsall
REF: R07860

Asking Price:
£25,000
Annual Turnover:
£182,000
Annual Net Profit:
TBC
REF: R07860

Overview

Tenure:
Leasehold
Established:
2010
  • Huge growth potential
  • Loyal customer base
  • Well-equipped, recently refurbished premises
  • Low overhead costs
  • Strong beverage supplier relationships

The business for sale is an off-licence which benefits from a great location in the West Midlands.

Established a decade ago and under current ownership for the past year, Blakenall Drinks sells a wide range of alcoholic beverages alongside cigarettes, chocolate, and snacks. A Payzone service and top ups for gas and electrics are also available, making it a highly useful stop-off for customers.

The premises are on a 6-year council lease with 5 years left before renewal, with the added benefit of being exempt from business rates. The vendor has invested a significant amount of time and money into refurbishing the premises which also benefit from being near a post office, beauty salon, meat shop, newsagent, fish & chip shop, and a school. Parking to the front and rear of the shop further complete its convenience for customers.

The vendor currently runs the business with his partner who works in the shop, alongside support from two part-time staff.

The shop is only for sale due to the vendor’s desire to venture into other business endeavours, making this a prime opportunity to purchase a fantastic off-licence with an unbeatable location.

The business operates from well-equipped retail premises on a busy street in Walsall, a large residential market town in the West Midlands. The shop benefits from great visibility and a continually high level of passing footfall due to the many local businesses on the same street.

Customers enter a retail space which is presented and maintained to a very high standard due to the recent refurbishment. The walls feature a plentiful array of shelves and product displays in a modern charcoal colour scheme. A storage room is located to the rear of the property and provides ample space for stock, as well as a fire exit to the rear of the premises. A small office area is also available for admin and monitoring the store’s CCTV.

The shop is sold fully fitted with all equipment, therefore enabling the buyer to begin trading from day one of their ownership. Additionally, the vendor is willing to offer a transitional period to ensure a seamless handover of business operations, if required.

This is an ideal opportunity for anyone looking to purchase an off-licence business in a high footfall area that has experienced strong success already but still has lots of room for further growth. It would be especially suitable for a family who wants to run a business together, or a partnership.

To develop the business further, the new owner should introduce lottery ticket and scratch card sales to the shop’s current list of services. By adding two new revenue streams, the business will benefit from greater stability, turnover, and consequent profit levels. Similarly, the buyer could consider installing an ATM or postage stamp sales to generate further revenue.

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  • Residential area
  • Close to local businesses
  • Close to schools
  • High footfall
  • Nearby car parking
  • Good transport
Rent
£5,700
Rates
£0
Lease Term
6
Lease Expiry
2026
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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