Leasehold Outdoor & Vape Store in Birmingham's Renowned Custard Factory for Sale
Birmingham, West Midlands
- Status
FOR SALE
- Date Submitted:
23/02/24
- Advert ID
607253
- Reference
2962 / Rightbiz
- Call Agent:
- Leasehold: £10,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Leasehold Outdoor & Vape Store Located In Digbeth
Leasehold Outdoor & Vape Store Located In DigbethLocated In The Famous Custard Factory
Ref 2962
Location
This Outdoor & Vape Store is located within the Custard Factory on Gibb Street in Digbeth, Birmingham. This was home to the famous Bird’s Custard factory which was redeveloped back in 1992 into an this thriving independent shopping destination with cafes, bars and a creative digital business workplace. The neighbourhood is just a short walk from the Bullring, Birmingham New Street Station, and Birmingham’s imminent HS2 station at Curzon Street.
Asking Price: £10,000 plus SAV (£2,000)
Business Description
Veritas Business sales are delighted to offer for sale this Outdoor & Vape Store which is located in Digbeth. The business was established by the current owner 18 months ago and is now being offered for sale so that he can concentrate on other business interests.
All fixtures and fittings are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. The Outdoor is overseen by the owner but mainly operated by 4 part time members of staff and has an average weekly turnover of circa £2,000. The split of turnover is 35% disposable vapes, 35% beers, wines, spirits, soft drinks, crisps and confectionery and the remaining 30% is tobacco products.
We believe that the business would thrive from having an owner operator at the helm rather than being heavily reliant on staff. There is potential to increase revenue by opening Sundays and Mondays and by adding other product lines. The business in a short time enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade along with many new customers due to its prominent location. We consider this an ideal opportunity to purchase a turnkey business with further potential which is a great base to build upon and as such early viewing is highly recommended.
Opening Hours
Monday – closed
Tuesday – Thursday – 11:00 – 22:00
Friday & Saturday – 12:00 – 00:00
Sunday – closed
Leasehold
Term: 3 years
Remaining: 18 months
Rent: £620 per month inclusive of vat
Service charge: £120 per month inclusive of vat
Ground Floor
Retail area comprising: 2 x two door beer fridges, slimline (Red Bull) drinks fridge, 6 x wall mounted confectionery shelves, 3 x wall mounted display shelves, sales counter , worktop with sink, 3 x wall mounted shelves and small counter (Red Bull) fridge.
The premises benefits from a fire alarm and CCTV (2 camera system). The complex offers shared toilet facilities.
Contact Agent
Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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