Bargain Booze Franchise - Southport

Main Road Trading Position
Accounts Available Year End 31st March 2020
Annual Turnover £1,097,911
Gross Profit £191,566
Net Profit £68,271
Accounts Available After Viewing
Long Established
Retirement Sale
Free Parking
CCTV Fitted Throughout
Busy Residential Area
Scope For New Product Lines
Potential To Offer Deliver Services
Scope For New Website
EPC – C
REF 7177 – Leasehold Off Licence Franchise

Blacks Brokers are pleased to bring to the market this leasehold off licence located close to the town centre of Southport, Merseyside.

INTRODUCTION

Bargain Booze has been trading on Bispham Road for over 20 years with our client in ownership since 2013. The shop 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 offers a wide range of beers, wines, spirits and cider.

LOCATION

Bargain Booze occupies a prominent trading position close to the bustling town centre. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Sainsbury’s and Ladbrokes. Old Links Golf Course and Southport Football Club are close by and the area is well linked by the A565 and M6 with strong public transport links. Parking is available in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our clients desire to retire, 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 building is available on a Full Repair and Insure lease (FRI) this is the most common form of commercial lease. The current lease is a ten year lease which began in 2013 at a cost of £248 per week.

BUILDING LAYOUT AND DESIGN

Bargain Booze operates from the ground floor of a large corner property on a busy main road which was once home to a high street bank. The business has the usual red Bargain Booze signage and branding displayed above and to both sides of the central entrance. Inside, the shop is well presented and fully fitted throughout with fridges and freezers, display shelving and central gondolas. The counter is fitted with electronic till and National Lottery machine. There are two large storage rooms, one of which is fitted with kitchenette and toilet. Each area of this business is finished to a high standard and has been carefully considered for optimum use of space.

STAFF

The business operates with our client in full time employment supported by six members of part time staff.

FINANCIAL DETAILS

Bargain Booze has traded solidly since opening and our client has established a strong customer base. The accounts year end 31st March 2020 show that the business has an annual turnover of £1,097,911 and a net profit of £68,271. Full financial information is available upon request.

BUSINESS RATES

Th business currently benefits from small business rates relief.
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This well placed off licence is well established and shows impressive takings on a consistent basis. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering system. There is also potential to introduce a range of convenience products and extend opening hours. 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:
Fridges

Freezers

Security Camera

Alarm