Off Licences for sale in Wigton

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 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £45,950 Price Reduced Turnover: £248,000 Gross Profit: £41,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market Granvilles Off Licence. The business was originally established in the 1980’s. Our client first took over the store in 2011 and has run the store to a high standard.

The business currently runs as on off licence selling a great range of quality products. Stock includes wines from around the world, spirits, cold beers and ciders. The store also sells local ales which are brewed in Cumbria.

The off licence generates a healthy turnover of around £248,000 per annum with a gross profit of 17%. The business receives a generous amount of repeat loyal trade from the locals. A loyalty scheme would be a great way of boosting the already enviable customer base.

The store offers gift wrapping, wicker baskets and wooden wine boxes. These services are perfect for special occasions and add that special touch that other off licences don’t offer. The new owner should continue this service as it is a great extra. The owner could also look to offer a delivery service, whether it be for the special occasion presents or for larger orders.

This is a well-presented business that comes fully fitted. The store is located in the heart of the town and is well known amongst the locals. The store would make a perfect bolt-on business or first time purchase. Hilton Smythe highly advise early viewing of this fantastic business to any purchaser looking for this type of business.

LOCATION
Granvilles Off Licence is located on a main road in Wigton, Cumbria.

The business is surrounded by an abundance of independent business. Close by is a toy shop, grocery store, craft store, fish and chip shop, florist and much more. The store is located in the centre of the town which allows for a heavy amount of footfall daily. This is a highly popular area with the locals, as the town has retail stores for all needs.

The area is served well by great road links. This area is just a short drive from the A596 which is an arterial road that runs from Carlisle to the coastline of Maryport and Workington. Wigton has its own train station which has regular lines to major towns and cities. There are also many bus stops dotted around the town.

PREMISES
The business boasts a large double fronted premise. The property is eye-catching with its green tasteful frontage. The large windows allow for a bright and airy retail space.

The shop is open plan with bespoke perimeter shelving. The space in the centre of the shop could be used for more shelving if required. The counter is to the left on entrance. Behind the counter are spirits and more expensive stock there is also a cigarette gantry. The retail area is kept tidy and looks presentable

Through to the rear is access to the cellar which is currently used as storage. Half of the cellar is fitted with shelving and racking.

There is also a store room on the ground floor which has shelving and an office space. Further through is a kitchen and staff toilet with access to the rear of the property.

Equipment includes-

Racks

Shelving

Fixtures and fittings

4 x Double drinks chillers

Ice cream freezer

Electronic till/Stock system

TENURE
We are advised the business is Leasehold.

Original lease length: 10 years

Left on the lease as of April 2016: 5 years

Rent: £950  per month

HOURS
The business is open-

Monday - Friday: 10am – 8pm

Saturday: 10am – 9pm

Sunday: 2pm – 8pm

STAFF
The business is run and managed by our client with the help of 1 full time member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £248,000 per annum.

With a gross profit of around 17%



Tenure: Leasehold

Listed by: Hilton Smythe
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