Off Licences for sale in Essex

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Marianne Ross (April 2014)
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Leasehold Price: £50,000 Price Reduced Turnover: £150,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular specialised cider shop, which is ideally located in Essex.

The business was established by our client in 2011 and is only now being offered to the market due to our client’s desire for a well-deserved retirement. The business operates 7 days per week and generates a turnover in the region of £150,000 per annum, with a good gross profit.

Our client offers a wide range of over 140 draught and bottled ciders and perries to suit all tastes, many of which are award winners. Customers are very welcome to sample the goods before they buy and the draught is available in any quantity, from a pint to a barrel.

Our client also operates a wholesale side to the business, which accounts for ⅔ of the current turnover. supplying ciders and perries to local public houses, festivals and events throughout the Essex and neighbouring counties. The business is proud to supply local branches of CAMRA and other organisations regarding the supply to festivals within the local and surrounding areas. Our client used to supply some areas of London, which could be reinstated by a new owner. The wholesale side of this specialist business could quite easily be offered nationwide.

The premises boasts a spacious retail area and kitchen to the ground floor. The first floor of the premises is currently used for storage, but could easily be used as owners’ accommodation with a good sized living room, a second small room and a small bedroom with en-suite. Also included in the sale is a Ford Connect van.

The off licence is well-supported by the local community and has built up an enviable reputation within the area for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the goods and service offered, as well as increase the delivery side of the business. The off licence already has a website in place, which we feel would benefit from online ordering facilities.

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

LOCATION
This specialised cider shop occupies substantial two-storey premises, ideally located on a busy road in Essex. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a high volume of footfall and passing trade. The area of the property is surrounded by densely populated residential areas from which the business derives much of its trade.

The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. The nearest railway station is just over half a mile away. The area is also well-served by the A-roads, with an A-road being within easy driving distance, which links to the vast A-road and motorway networks.

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

Ground floor with:

Tiled flooring.

Racking and shelving to perimeter walls.

Drink chiller unit.

Serve over counter with electronic cash register and credit/debit card facilities.

Bespoke glass window display unit.

Kitchen area to rear of premises.

First floor:

Good sized lounge.

Second smaller room.

Small bedroom with en-suite.

TENURE
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 6 years

Review every: 5 years

Rent: £917 per month

HOURS
The business is open:

Monday: Closed

Tuesday  – Wednesday: 10.00am – 6.00pm

Thursday – Saturday: 10.00am – 7.00pm

Sunday: 11.00am – 4.00pm

STAFF
The business is owner run and managed.

FINANCIAL PROFILE
The business generates a turnover in the region of £150,000 per annum, with a good gross profit.


Tenure: Leasehold

Listed by: Hilton Smythe
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