Off Licences for sale in Kingston upon Thames

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S Martin (Feb 2013)
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Freehold Price: £895,000 Turnover: £459,614 Gross Profit: £101,193
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and busy off licence business, ideally located in Kingston upon Thames, Greater London.

The business was established by our clients in 1978 and is only now being offered to the market due to our clients’ desire to take a well-deserved retirement. The business operates 7 days per week and generates a turnover in the region of £460,000 per annum, with a gross profit of approximately 22%

Our clients’ offer a wide range of alcoholic beverages, as well as soft drinks, crisps, snacks and sweets, to name a few. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

The premises have been fitted to a high standard and boast a two-bedroom flat to the first floor, which could be used as owners’ accommodation or let out to generate further income. The premises further benefits from a large kitchen area to the rear of the store and a large cellar.

We feel the turnover could be further increased by extending the range of products available to include groceries. A new owner could also embark on a modest marketing campaign to highlight the business and the excellent services offered.

This is an excellent opportunity for a new owner to take this busy and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
McCluskeys free Off Licence occupies substantial two-storey premises, ideally located within the town of Kingston upon Thames in southwest London. The business is situated within a small parade of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The business further benefits from free on-street parking facilities to the front of the premises.

Kingston upon Thames is an ancient market town where Saxon kings were crowned. Central Kingston is a busy predominantly retail centre, which is just five minutes’ away, and possesses a small number of commercial offices and civic buildings. The town has many pubs and restaurants and is a very popular place in which to live and work, due to its close proximity to London.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Kingston, which is just over 1 mile away. The area is also well served by the A-roads, with the A240 being within easy driving distance, which links to the national A-road and motorway networks. Twickenham is just under 5 miles away and the City of London is 13½ miles away.

PREMISES
Substantial two-storey premises in an ideal trading location, briefly comprising:

Basement:

Tanked cellar with concrete floor currently used for storage and housing several refrigerators and freezers.

Ground floor:

Main sales and display area with:

Linoleum flooring throughout.

Stella Artois full height chiller cabinet.

Carlsberg full height, double door chiller cabinet.

Coca Cola ¾ height chiller cabinet.

Multiple display racking and shelving units housing stock.

Full width serve over counter with a Lottery terminal, low level scratch card holder, EPOS cash register, electronic cash register, credit/debit card terminal and cigarette cupboard.

There are several shelving units behind the counter housing spirits and e-cigarettes.

Bulk stack of lager and cider located in the middle of the main shop floor.

To the rear:

Haagen Dazs low level ice cream freezer cabinet.

Racking and shelving units for wines.

Racking and shelving units for snacks, crisps and sweets.

Free standing lottery writing station.

Rear staff area:

Long hallway.

Small staff office with doorway to cellar.

Fully fitted kitchen with wall and basin units, fully integrated gas hob with oven and extractor fan, stainless steel sink unit and drainer, microwave oven and several racking and shelving units.

First floor:

Landing.

Reception room.

Kitchen.

Master bedroom.

Double bedroom.

Bathroom.

Separate WC.

External:

Large double garage used for storage with chest freezer and under counter freezer.

Red striped canopy to front.

Signage above main entrance.

Perspex sign affixed to wall next to flat entrance.

TENURE
We are advised Freehold.

HOURS
The business operates:

Monday – Saturday: 10.00am – 10.30pm

Sunday: 12.00pm – 10.00pm

STAFF
The business is owner run and managed with 2 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £460,000 per annum, with a gross profit of approximately 22%



Tenure: Freehold

Listed by: Hilton Smythe
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