Convenience Stores for sale in Hinckley

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Well Established Off Licence With Rental Income From Accommodation

Hinckley, Leicestershire, England

  • Leasehold Price: £49,999
  • Turnover: £200,978
  • Gross Profit: £45,622
Seller Reference: B04871
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Business Description
 
 
 
 
 
 
 
 
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Seller Reference: B04871
Request Details
Business Description
Business

Hilton Smythe welcomes to the market, Hinckley Off Licence.

Hinckley Off Licence was founded by the current owners in 2014 and the business has flourished since opening and already has lots of regular customers many of whom use it on a daily basis.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to concentrate on their other trading businesses. The owners are keen to see the business pass to an ambitious and entrepreneurial new owner who can take this lovely little business to the next level.

The business is well stocked and sells an impressive range of products including:-

• Tobacco and vaping products
• Beers, wines and spirits
• Confectionery
• Crisps and snacks
• General groceries
• Milk and dairy products
• Soft drinks
• Chilled drinks
• Household goods

Additionally, the business has a Paypoint EPOS till system and Payzone terminals which includes mobile top ups, digital vouchers, TV licences and bill payments. The business also has a Lottery terminal with sales of between £400-500 per week.

Hinckley Off Licence is proud of its 5-star hygiene rating and the businesses alcohol licence allows sales between 6am to 11pm.

Scope To Improve

1. Advertising and marketing campaign
2. Maximise the use of social media
3. Extend the opening hours
4. Review the range of products stocked
5. Consider stocking take away food

Reasons To Buy

1. A well-established business with an enviable reputation and many existing customers
2. Perfect trading position close to public car parks and college
3. Current owner happy to offer a handover to ensure the continued success
4. A real opportunity to increase turnover significantly, current owners have been running at a pace to suit due to their other business interests
5. Ideal owner managed or partnership business
6. Includes two rental flats which generate additional income
7. Possibility of converting the two rental flats into owner’s accommodation
8. All fixtures and fittings included in sale making this a real turnkey business opportunity

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Hinckley Off Licence is located in Hinckley in Southwest Leicestershire.

Hinckley is the second largest town in the administrative county of Leicestershire after Loughborough. Hinckley is situated approximately at the midpoint between the cities of Leicester and Coventry and is near to the larger town of Nuneaton in Warwickshire.

Hinckley is home to a well established creative and technology community with designers, illustrators, artists and photographers taking up residence in the town, particularly in converted buildings such as the renovated Atkins Building (formerly Atkins Hosiery, also home to the Hinckley Times Newspaper) and Graphic House On Druid Street, also a former factory converted in to a modern office and used for studio use.

The town is equidistant from Coventry and Leicester and 8km to the east of Nuneaton. The small town of Ibstock is 18km to the north on the A447. The A47 was by-passed around the town during the early 1990’s when the Northern Perimeter Road (Normandy Way) was completed. As well as relieving congestion in the town centre, new Commercial developments have been built along the route. Hinckley is served by the A5 and M69. The M69 links Hinckley to the nearest cities, Coventry and Leicester, and the M1 and M6 motorways.

Hinckley Buses are the main operator of bus services within the town centre operating services to Leicester, Burbank, Earl Shilton, Nuneaton and Barwell from their depot. Arriva Fox County and Stagecoach in Warwickshire are another two major operators serving Leicester, Nuneaton and Coventry.

Hinckley railway station is on the Nuneaton to Leicester section of the Birmingham to Peterborough line and has regular services between Birmingham and Leicester via Narborough and Nuneaton. Journeys to London can be made via the West Coast Main Line through Nuneaton to London Euston or the Midland Main Line via Leicestershire to London St. Pancras.

Hinckley Off Licence is ideally and prominently situated on a main road position alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade. The business is close to a busy road junction which means that drivers slowing to enter the junction cannot fail to notice the business which is beautifully presented and maintained with clear visible signage and distinctive livery. There is an inexpensive NCP public carpark just around the corner as well as free on street parking a few minutes walk away.

Premises
Hinckley Off Licence occupies a mid terraced, period property and is presented to a high standard and briefly comprises: -

Shop
Windows and door to front creating a light airy and inviting interior, cleverly designed to maximise the space available over two levels, carpeted floor and flourescent lighting, open dairy chiller to one side, open drinks chiller to the other, double fronted glass drinks chiller, perimeter shelving, central shelving gondola , glass topped ice cream freezer, bespoke counter with generous wrapping area and cigarette gantry and spirit shelving behind.

Stockroom
Generous stockroom with high ceilings and concrete flooring, perimeter racking and ample floor storage space, kitchenette area with stainless steel and drainer and Triton water heater, range of base units and complimentary worktop, filing cabinet and CCTV monitor.

1st Floor

Studio Flat 1
Nicely appointed studio flat with wood effect flooring, window to front, modern open plan Kitchen with trendy high gloss white base units and complimentary worktop, stainless steel sink and drainer, stainless steel extractor fan, space for washing machine and fridge freezer.

Shower Room
Newly fitted shower room with close coupled toilet and separate handwash basin, shower cubicle with electric Triton Envoy shower.

2nd Floor

Studio Flat 2
Nicely appointed studio flat with wood effect flooring, window to front, modern open plan kitchen with trendy high gloss white base units and complimentary worktop, stainless steel sink and drainer, stainless steel extractor fan, space for washing machine and fridge freezer.

Shower Room
Newly fitted shower room with close coupled toilet and separate handwash basin, shower cubicle with electric Triton Envoy shower.

Externally
To the rear of the shop is a secure yard with double gates to the street which provides ample bin storage.

The premises are secure by an alarm system and six camera CCTV system.

Tenure
We are advised that the business is being sold as Leasehold 
The vendor will agree a mutually acceptable Lease with a new owner. The proposed rent is £9,600  per annum.

We are advised that the business benefits from being exempt from business rates.

Hours
Open 7 days a week 8am till 9pm

Staff
The business is run and managed by our clients with the help of two part time members of staff.

Financial Profile
Hinckley Off Licence generates an advised current turnover of approximately £200, 978 per annum and the business continues to grow at an impressive pace.

Additionally, the two self contained studio flats generate a joint rental income of circa £10,800 per annum.

Tenure:
Leasehold
Listed by:
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