Freehold or Long-Leasehold maybe available.
Hilton Smythe welcomes to the market one of the chain stores Bargain Booze Off Licences based in Featherstone in West Yorkshire.
This busy and attractive business sells a wide selection of alcohol, cigarettes, tobacco, milk, cold drinks, confectionery, crisps, ices and other sundry items.
It also has full Lottery, DPD parcels and an exterior ATM facility.
The business was established by our client 13 years ago and is now reluctantly selling to follow other interests.
The first floor is presently used for storage and could easily be used as further retail space which will expand the business. As the first floor has external access this could be converted into residential use.
This is a good and established business marketed at a reduced and reasonable price for an early sale.Location
This double property Off Licence is situated on a busy parade in the town centre of Featherstone, which is situated between Pontefract and Wakefield in West Yorkshire.
The business is in a heavily populated mixed residential and shopping area.
There is free street parking immediately to the front and nearby.Premises
The business is situated over 2 floors of a well maintained and refurbished double shop in a busy parade in Featherstone.
The attractive entrance leads to a large, busy and well stocked double shop with the sales counter to the right and good quality fittings, shelving and units throughout.
There are several stock areas, kitchen and WC at the back of the shop.
An internal staircase leads to the large first floor which is presently used for storage. There is also an exterior staircase serving this floor; making this ideal for accommodation.
The premises are shuttered and have the benefit of CCTV.
There is free on street parking available.
The sale includes:
2 x cold drinks fridges
We are advised that the business assets are worth in the region of £20,000.Tenure
We are advised that the premises are held under a rolling Lease with rent of £10,400 per annum.
We are also advised that the Landlord would be prepared to grant a long lease and/or may sell the freehold.Hours
Monday to Saturday: 9am – 10pm
Sunday: 10am – 10pmStaff
The owner runs the business with the assistance of 3 part time staff.
The weekly staff cost is £400 per week.Financial Profile
We are advised that current turnover is approximately £15,000 per week.
The business rates are £200 per month.
The business carries about £25,000 stock. We understand that the Bargain Booze head office will credit the value of the stock to our client on completion. The buyer will be given 21 days by the head office to pay for the stock.