For Sale

Highly Profitable Store With 2 Bedroom Accommodation

Birmingham, West Midlands

£124,999 +SAV

Ref: 14269 I

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

Share this property
Share

Description

There has been a similar type of retail business at this site since the early 1970’s and the current owner has owned and run it successfully for the last ten or so years. Jazz`s Off Licence is now reluctantly being sold due to her wish to enjoy a well-earned, semi-retirement.

The business sells an impressive range of beers, ciders, wines and spirits, soft drinks, crisps, snacks and tobacco products.

Scope to improve: -
Extend the opening hours, the business is currently opening at 3pm in the afternoons because the owner has another job during the day. Ideally the store should be open throughout the day which will increase turnover significantly.
Maximise the use of social media, sites such as Facebook, Twitter and Instagram offer free advertising for businesses.
Website to increase internet visibility further
Re-install a Paypoint or Payzone terminal. Paypoint was installed previously and saw high levels of income.
Consider introducing the sale of newspapers and magazines.
Perhaps introduce a delivery service locally.
Explore the possibility of a loyalty card\scheme.
Advertising and marketing campaign, leaflet drop the local area with latest offers.

Tenure

Leasehold

We are advised this is a Leasehold sale.

The landlord is Birmingham City Council meaning that the rent is an extremely reasonable £11,000 per annum; which includes the living accommodation above.

The lease is currently arranged on a 3 monthly rolling basis but we are further advised that there should be no problems arranging a new lease.

There are no business rates currently payable.

Hours

Monday to Saturday: 15.00 - 23.00
Sunday: 12.30 - 22.30

Staff

The business is owner managed with help of one full time member of staff.

Financial Profile

The business reports weekly takings of roughly £8,000 per week giving an annual turnover of approximately £416,000.

These figures are based on the reduced hours that the business is currently doing.

When full time hours were previously trading the business was taking approximately £12,000 per week.

Location

Jazz`s Off Licence is prominently situated on a busy and vibrant shopping parade; fronting a main road alongside other complimentary retail businesses. There is free parking immediately outside the premises and there is an inexpensive pay and display car park directly opposite on which it is possible to park for an hour for just 20p.

The business is nicely presented, well signed and benefits from high levels of footfall and passing trade.

Handsworth is now an inner city, urban area of northwest Birmingham in the West Midlands. Handsworth lies just outside Birmingham City Centre. The area is densely populated with all types of residential housing both privately owned and local authority.

Premises

Jazz’s Off Licence occupies an end terraced property and is beautifully presented and maintained. Considerable money has been spent by the current owner upgrading the store and replacing the drinks chillers making this arguably one of the nicest businesses of this type in the area.

Shop
Generously proportioned with windows and glazed door to front creating a light and airy interior, suspended ceiling with concealed lighting, beautifully polished floor tiles, perimeter shelving , 6 camera CCTV system and monitor, electric shutter to front, bespoke counter with two tills and long wrapping area, cigarette gantry behind, confectionery racking, glass topped ice cream freezer, three double glass fronted drinks chiller, two single glass fronted drinks chillers and an open drinks chiller.

Stock Room
To the rear of the shop is a generous stock room with perimeter shelving and floor storage space, there is Belfast sink with Triton water heater above.

Stock Room 2/Kitchen
There is a second useful stock room with roller door to rear which negates the need to carry stock through the shop and a kitchen area with worktop and space for microwave, kettle and fridge.

WC
With hand wash basin.

First/Second Floor
Accessed by stairs from the shop is a two bedroom duplex flat which is currently rented out but would provide ideal managers or owners accommodation.

To the rear of the shop is a parking space for a car or van.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes […]

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are […]

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions […]

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in […]