Hilton Smythe is delighted to introduce to the market Rana & Son. This very popular convenience store/off licence is set in a fantastic location.
This long established business has been run by our client for over 15 years and is truely profitable. The convenience store/off licence is well known in the area and is very popular with the locals; it also benefits from a generous amount of loyal customers.
Our client is now looking to sell the business due to the desire to semi-retire. The store has been run at a steady pace to meet our client’s needs. However the business already has a fantastic turnover of around £237,000 per annum with a gross profit of around 15%, as of the 2014 accounts.
There is room to increase the already healthy turnover. We advise the new owner to look into opening the store later at night and could also develop existing stock lines. Our client advises us that they are awaiting a lottery terminal to be installed, we believe this could increase the turnover massively.
The business sells a range of convenience food products, wines, spirits and beers. The shop generate an extra turnover from selling newspapers and also by offering as a pay point. The new owner could consider setting up a delivery round for newspapers or other food products.
At the side of the property is a small plot which would be ideal for extending the shop. There is also scope for a second floor to increase the already reasonably sized living accommodation. The new owner could also consider selling the plot for development.
This would be the perfect opportunity for a husband and wife team, who are looking to run a lovely store in such a wonderful location. We highly advise early viewing to avoid disappointment.
Rana & Son is a busy off licence located in the town of Brighouse, West Yorkshire. The town is situated on the River Calder, and is in a beautiful setting. The area is very traditional and is highly populated.
The area is also a mixture of commercial properties due to its easy access to the M62. With the large amount of passing trade the business benefits from a huge amount of footfall.
Brighouse is close to all major West Yorkshire towns and cities making this the perfect location for a busy off licence. Just a short drive from the property is Brighouse railway station and a cluster of bus stops. Close by is a large Tesco Superstore and a sprinkling of independent businesses.
The road links in the area are fantastic with a huge amount of A roads. Bradford road is a long cut through which connects Huddersfield and Bradford. This allows for a generous amount of trade.
The town is close by to Huddersfield town centre, Halifax and Bradford. Each of which are both within just a short drive away. With such close proximity to surrounding towns the area is the perfect place to live and work.
The front of the property blends in well with the town, as the properties in the area are built with the same natural cream rustic brick.
Inside the store is an array of shelving all around the perimeter. There is also several chillers for cold drinks. The property is well suited to the trade, and comes fully fitted and equipped.
The counter is large and has an electric till, cigarette gantry and a paypoint machine. Equipment included in the sale is as follows-
2 x Single glass door upright chillers
2 x Open fronted display chillers
Card display unit
Ice cream chest freezer
Adjustable wall shelving around the perimeter.
Lottery scratch card terminal
Through to the back of the store is a large stockroom and a separate toilet for staff.
The upstairs of the property has a flat with 2 double bedrooms with a separate kitchen and bathroom. This could be used for living accommodation or to generate some revenue by renting it out.
As mentioned there is a small plot to the side of the property which would be perfect for extending the shop and accommodation.
We are advised the business is Freehold
There is room to negotiate leasehold.
The business opens:-
The business is run and managed by a husband and wife team
The business reports a turnover of £237,000 with a gross profit of 15%, of os the 2014 accounts.
We are advised the Paypoint/Payzone generates around £1,000 per week.
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