Hilton Smythe is delighted to welcome to the market Ashingdon Off Licence. The business has been established since 1960 and our clients have owned it from 2006 and is a sole trader.
Our clients are reluctantly selling the business due to wanting to retire and wish to give their beloved business to a new owner who has the time to run the business to its full potential. Although, the business is reporting a very health turnover of £90,000 per annum with a gross profit in the region of 33%.
The business is well known around the area and has a lot of repeat trade due to the footfall in the town. The business is open 7 days a week and offers a wide range of alcoholic beverages from wine to Alcopops. The business also supply a unique stock of real ales, proving very popular.
We feel as the business could be improved by introducing some stock variety, perhaps fresh food, cigarettes and the Lottery.
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
Ashingdon Off Licence is based in the town of Rochford, Essex.
The business is set on a housing estate which is densely populated. The business is located within a busy parade of shops serving the local community. In the vicinity is also the local primary and secondary school, a local hospital and college ensuring good footfall throughout the day.
The retail area is located on a busy bus route and conveniently there is a bus stop directly to the front. Rochford also
boasts its own railway station, providing excellent public transport services.
The property is a single fronted premise.
As you enter the main store there is a canopy, shutters and CCTV. The retail area is a good spaced 2 isle set up with a bespoke front display unit made of wood to showcase ales. There are four drinks chillers and shelving all round. The counter is located at the back of the store with 2 tills, a slushy machine (on loan from a local pub and could be negotiated). The store is also fitted with air conditioning.
As you move into the back of house you have a large back door to your left for deliveries, good sized stock room and kitchen and bathroom facilities in good condition. There are 2 chest freezers one is located in the front of the shop and the other found in the back of the store. There is also a chiller for chilled ciders which is also on loan from another pub that can be negotiated to be kept as well.
Equipment that is included in the sale:
2 Chest Freezers
4 Upright Fridges
Chiller on Loan
Slushy Machine on Loan
We are advised that the business is Leasehold.
Original lease length is 10 years and it has 6 years remaining
Rent £13,500 per annum.
Monday - Wednesday: 12:00pm – 9:00pm
Thursday - Saturday: 11:00am – 9:00pm
Sunday: 11:00am – 8:00pm
The business is currently owner run.
The business reports an annual turnover of £90,000 and a gross profit in the region of 33%.
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