Off Licences for sale in Eccles

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Colin Morley (October 2016)
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Leasehold Price: £45,000 Sale Agreed
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Business Description
Closed In January 2017
Previous Weekly Turnover £13,000
2 Bedroom Accommodation
Rental Income £7,920 Per Annum
No Longer In Contract With Bargain Booze
EPC - TBC
REF 5771 – Leasehold Off Licence (Closed)

Blacks Brokers are proud to bring to the market this closed leasehold off licence located in a popular and much sought-after area of Monton, Eccles.

INTRODUCTION

Bargain Booze traded on Monton Road from 2003 to 2017, having closed in January 2017 due to family commitments and a lack of time for our client to run the business. During it’s trading history, the business firmly established itself within the local community, having gained a large customer base and great reputation. This off licence is now for sale without the Bargain Booze franchise agreement in place.

LOCATION

Eccles is a town in Greater Manchester, close to Salford and Manchester city centre, between the M602 motorway to the north and the Manchester Ship Canal to the south. The area is densely populated and Monton Road is positioned within a mainly commercial area, in the centre of Monton with some residential properties close by. Other businesses in the area include eateries, coffee shops and so on.

REASON FOR SALE

The closed business is only being offered for sale due to family commitments and a change of personal circumstance.

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 is 10 years with rent reviews every 10 years. The current lease began in 2009 at a cost of £14,400 per annum.

BUILDING LAYOUT AND DESIGN

The closed business is housed within the ground floor of a spacious, mid-terraced unit. The shop is fitted out to bargain booze standards, however, as mentioned above; no longer has the franchise in place.
The main retail area is well presented with wall shelving and central gondolas in place and a servery area to the left of the space. To the rear is a large stock room and on the lower ground floor is a basement storage area.
On the first floor is a two-bedroom accommodation, along with two bedrooms, the space includes a fitted kitchen, family bathroom and lounge.

STAFF

The business is currently closed, when it was trading, there were five, part-time members of staff in employment.

FINANCIAL DETAILS

Financial details are available upon a viewing of the closed business and the business had traded solidly over its trading history. The business was generating £13,000 per week and rates payable for this property are £2,000 per annum.

SUMMARY

This leasehold closed business offers a number of opportunities for a new owner, with potential for the sub-lease of the accommodation bringing income of around £7,920 per annum or use of this living space for the new owner, if required. There is plenty of scope to develop the business with a marketing drive and re-brand with offers for locals and a strongly advertised re-opening. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations or potentially, another similar business looking to expand into this much sought-after area of Eccles. Early viewings are strongly advised.
Trading Hours:
Previous Opening Hours
Mon - Sun: 11am - 10pm

Tenure: Leasehold

Location Details: Eccles

Leasehold Term: Rent: £276 Per Week

Listed by: Blacks Business Brokers Limited
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5771
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