Highly Rated Popular Independent Wine Merchant In Affluent Fulham Area

  • Price: £60,000
  • Annual Turnover: £190,000
London, England
Seller Ref:BPD2311298_2
For Sale

Highly Rated Popular Independent Wine Merchant In Affluent Fulham Area

London, England
Seller Ref:BPD2311298_2
  • Price: £60,000
  • Annual Turnover: £190,000

Overview

Seller Ref: BPD2311298_2

Description

Kenrick’s Wines is a popular, local independent wine merchant situated on the busy and highly residential Wandsworth Bridge Road, with an additional branch for sale in Sydenham, South East London. The business sells wine of high quality and value from sourced producers and offers a wide range of fine wine, as well as champagne, whisky and beer. It also hosts regular tastings events.

The first floor comprises of a large shelving unit, counter area, raised seating area for serving drinks and an additional backroom. The downstairs serves as a private function room, which holds regular wine tastings and private events. Additionally, downstairs is a sizeable basement space for storing stock. Outside the front is enough room for several tables.

The location benefits from an affluent customer base in an area which experiences high footfall and a large French community. Currently undergoing are two premium developments; A stones throw away is the huge regeneration Hurlingham Waterfront project which will establish itself as a leisure and retail hub, benefitting the local area by marking the location as a destination in its own right. The Fulham Riverside is a development of 400 new homes and Imperial Wharf overground station within walking distance.

The premises holds a full license to sell and serve alcohol on and off the premises, including the front outside space, and offers a delivery service within the local area.

5* Google Reviews and active social media accounts.

Leasehold: 15 year lease with 12 years remaining (3 year breakclause) Rent: £19k P/A (£4750 paid PQ).

Offered for sale due to our clients lifestyle changes.

This established wine merchant would be a fantastic purchase, with opportunity for further expansion geographically, developing the events side of the business, alongside opportunities with social media and marketing.

N.B: There is also a branch in Sydenham for sale, which is a separate LTD Company).

There is option of purchasing both locations together, one independently or to take over the lease.

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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