Off Licences for sale in Leeds

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24 Hour Off Licence With Accommodation - Leeds

Leeds, West Yorkshire, England

  • Leasehold Price: £149,950
  • Annual Turnover: £323,065
  • Annual Gross Profit: £65,024
  • Annual Net Profit: £28,912
Seller Reference: 6900
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Business Description
 
 
 
 
 
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Seller Reference: 6900
Request Details
Business Description
Main Road Trading Position
Annual Turnover £323,065
Gross Profit £65,024
Rental Income From Flat £6,000 P/A
Further Financial Info Available After Viewing
Free Cash Machine To Front
CCTV Fitted Throughout
Free Parking In Immediate Area
Fully Equipped
Well Presented
Excellent Reputation
Scope To Introduce Lottery & Paypoint
Potential For Delivery Service
EPC - D
REF 6900 – Leasehold 24 Hour Off Licence

Blacks Brokers are pleased to bring to the market this leasehold 24 hour off licence located in a busy area of Harehills, Leeds.

INTRODUCTION

Booze 4 U was established in 2014 and our client took ownership in 2017. The business offers a range of drinks, confectionary and snacks and is open 24 hours a day. Booze 4 U is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.

LOCATION

Booze 4 U occupies a prominent trading position within a parade of shops on a busy main road. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers and large multiples such as KFC. Leeds University and Roundhay Park are also close by. Leeds is well linked by the M1 and M62 with strong public transport links and parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business commitments being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The current lease is a six year lease which began in 2018 at a cost of £232 per week.

STAFF

The business operates with three members of staff working on a full time basis – our client oversees the management of this shop on a part time basis.

FINANCIAL DETAILS

Booze 4 U has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £323,065 with gross profits of £65,024. Full financial details are available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well known 24 hour off licence occupies a prominent main road trading position in a busy area of Leeds. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website, social media presence and new product lines. The introduction of a new owner-operator or owner operating team would reduce staffing costs significantly. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Open Display Drinks Fridge x 3

Single Drinks Fridge

Till

Shelving

CCTV - 16 Cameras
Trading hours:
MON - SUN: 24/7
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Booze 4 U operates from the ground floor of a three storey, mid-terraced property. The business has striking branding and signage on display above a fully glazed frontage which is fitted with a free cash machine. Inside, the main shop is well presented with tiled flooring throughout, central gondolas, wall shelving and display fridges as required. The counter is positioned to the rear of the space with staff toilet behind. The lower ground floor is used for storage.

The first and second floors of this property comprise of two bedrooms, family bathroom, fitted kitchen and lounge. At present, this is tenanted privately and generates £6,000 per annum.

Location Details:
Leeds
Leasehold Term:
£232 Per Week
Listed by:
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