Off Licences for sale in Rossendale

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Convenience Shop, Off Licence & Flat - Rawtenstall

Rossendale, Lancashire, England

  • Leasehold Price: £35,000
  • Annual Turnover: £168,000
  • Annual Gross Profit: £42,500
Seller Reference: 6542
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Business Description
 
 
 
 
 
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Seller Reference: 6542
Request Details
Business Description
Main Road Trading Location
Annual Turnover £168,000
Gross Profit £42,500
Impressive Trading History
Well Presented
CCTV Fitted Throughout
Lottery, Paypoint & Payzone In Place
3 Bedroom Accommodation
Rental Income £400 Per Month
Ill Health Forces Sale
EPC - D
REF 6542 – Leasehold Convenience Shop, Off Licence & Flat

Blacks Brokers are pleased to bring to the market this leasehold convenience shop, off licence and one bedroom flat with rental income located in a busy residential area of Rawtenstall, Lancashire.

INTRODUCTION

Mr Booze has been trading on Burnley Road for around fifty years. Our client took ownership in 2014 and has since grown the business further with the introduction of Payzone, Paypoint, National Lottery and a Hermes collection/delivery service. The shop has a large base of regular customers and is also positioned on a busy main road which brings plenty of passing trade. The business has an excellent reputation and super reviews noted on Google.

LOCATION

Burnley Road is a busy main road running from Rawtenstall to Burnley. This area is densely populated residentially with a number of other businesses close by. The town centre is filled with a mix of independent shops and eateries as well as large multiples such as Asda and Tesco. Rawtenstall is well linked by the M66 with excellent public transport links and parking is available in the immediate vicinity.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator and is only unfortunately available due to our client’s ill health. Therefore, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease due for renewal and will be fully negotiated with the business sale. The cost of the lease will be £184.62 per week. This will include the one bedroom flat within the first floor of this property.

STAFF

The business is currently operating with our client and partner in full time employment supported by one additional member of staff.

FINANCIAL DETAILS

Mr Booze has traded solidly during the last 50+ years. We are advised that the business currently has annual turnover of £168,000 with gross profit of £42,500. This includes Hermes parcel services generating between around £300 per month, National Lottery £700 per month, Paypoint £2,300 per month and Payzone £600 per month.

It is also to be noted that the business is currently being run at a pace to suit and there is scope and demand to return to previous, longer opening hours when we are advised turnover was in the region of £364,000 per annum. Full financial details are available upon viewing.

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 leasehold business is long established and well known. Our client has built up a superb reputation and large customer base. There is plenty of scope to develop the business further with the introduction of new opening hours, a marketing drive, newspaper sales and other product lines and there are even more income opportunities through the leasing of the accommodation within the building if not required by a new owner. 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:
2 x Display freezer

Large open drinks/wine fridge

Shelving

Racks

Small open drinks fridge x 2

Pepsi display fridge

Shutters

EPOS Till

Nestcafe & go coffee machine

CCTV (8 points)
Trading hours:
Mon - Sun - 10am - 10.30pm Licensed From 8am - 11pm
Tenure:
Leasehold
Is accommodation included?:
Mr Booze operates from the ground floor of an end terraced property within a parade of houses. The business has clear signage on display with advertisements positioned within a mainly glazed frontage. Inside, the shop is nicely presented with tiled flooring, wall shelving and central gondolas creating two aisles. The counter is positioned to the side with EPOS till in place. To the rear of the shop is a large stock room. Both areas are presented well and there is an eight point CCTV system in place. Mr Booze operates from the ground floor of an end terraced property within a parade of houses. The business has clear signage on display with advertisements positioned within a mainly glazed frontage. Inside, the shop is nicely presented with tiled flooring, wall shelving and central gondolas creating two aisles. The counter is positioned to the side with EPOS till in place. To the rear of the shop is a large stock room. Both areas are presented well and there is an eight point CCTV system in place.
Location Details:
Rawtenstall
Leasehold Term:
£182.62 Per Week
Listed by:
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