Freehold Off-Licence In Olton, Solihull

Freehold Off-License In Solihull For Sale
Leasehold Option Available
Spacious 4 Bedroom Accommodation Above

Ref 2112

Location
This superb Off-License business is located on the main Warwick Road (A41) in Olton, Solihull. It sits in a highly visible and prominent trading position and is surrounded by complementary independent retailers along with multiple retails such as Tesco Express and McDonalds who are directly opposite. The area is highly populated with residential properties, easily accessible and has plenty of free parking outside.

Business information
Freehold Asking Price: £399,950 plus SAV
Leashold Asking Price: £99,950
Turnover: £10,000-11,000 per week
Stock: £40,000

Leasehold
Lease term: negotiable
Rent: £20,000 pa
Rates: £700 pa
Council Tax £1120 pa

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Off-License which is located in Olton, Solihull. The business has been established for many years and has been in the careful hands of my clients for the past 27 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the purchase price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. The business is currently family operated so comes with no staffing liabilities and boasts a healthy weekly turnover of between £10,000-£11,000. Olton Drinks Plus retails a fine selection of beers, wines, spirits, soft drinks, confectionery, crisps, milk and tobacco products. We believe that there is further potential to increase trade by adding convenience products and maybe hand pull craft beers which are currently in high demand. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by. This is a superb opportunity to purchase an established which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday – Saturday – 11.00am – 11.00pm
Sunday – midday – 10.30pm

Ground Floor
Retail approximately (650 Sq ft) comprising: serve over sales counter with 2 electronic cash registers, tobacco kiosk, sales & display shelves, central display, milk fridge, 2 large drinks chillers and an electric blower heater over the entrance door
Store room with ample space
W/C with shower cubicle and wash basin
Lounge with CCTV monitor
Kitchen which is fully fitted
Self contained rear entrance door to hallway

First floor
Master bedroom
Large double bedroom
2 Double bedrooms
Hallway with lounge area and loft hatch with access to a fully boarded loft space
Bathroom with bath, W/C and wash basin

External
Rear yard area and vendors private parking for (6) with secure locking gates

The property benefits from CCTV (7 cameras), intruder alarm, gas fired central heating and double glazing