Off Licences for sale in Middlesbrough

View the "Off Licence and Post Office in Middlesbrough" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Leasehold Price: £69,995 Price Reduced Annual Turnover: £480,000 Gross Profit: £64,800 Annual Net Profit: £40,000
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Business Description
Busy Retail Parade
Annual Turnover £480,000, GP £53,000
Can be sold out of Bargain Booze Franchaise
Tremendous Potential For Owner Operator
Post Office Salary £45,000
Ran Under Management
New 10 Year Lease Offered
Covered Under Landlords & Tenant Act 1985
EPC - C
REF 6278 – Leasehold Off Licence & Post Office

Blacks Brokers are pleased to bring to the market this leasehold off licence and Post Office located in the much sought-after area of Acklam, Middlesborough.

INTRODUCTION

Bargain Booze has been trading on Acklam Road since 2012, with our client in ownership since 2001 – previously the business was only a Post Office. Our client recognised a huge gap in the local market for an off licence and introduced the Bargain Booze franchise to the shop. The business has a huge base of regular customers.

LOCATION

This is a very busy parade of shops on the outskirts of Middlesborough, there are many other complementary local shops and businesses within the parade including a hair salon, spa and café. Free off-road parking is available immediately outside the shop and public transport links are good. Aside from this parade, the area is mainly residential.

REASON FOR SALE

The business is only being offered for sale due to our client’s wish to retire. The business is currently run under management and would benefit from a new owner-operator with more time to dedicate to this busy shop and Post Office.

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. A new, ten year lease will be negotiated with this business sale – this will run at a cost of £307 per week.

BUILDING LAYOUT AND DESIGN

Bargain Booze operates from a mid-terraced, purpose-built retail property. The business is well branded with the usual Bargain Booze and Post Office signage displayed above a mainly glazed frontage and on matching overhead canopy cover. Inside, the retail area is a design which is long and narrow. Upon entering, the sales counter is positioned to the side, with product displays in place as per Bargain Booze guidelines with chiller units where required. To the other end of the shop is the two position Post Office counter, this has secure access. From behind the counter is a flight of stairs to the first floor, this has a stock room, private office and staff toilet facilities.
All areas are presented well with good quality fixtures and fittings in place.

STAFF

The business is currently operating with four members of Post Office staff and four part-time shop staff. Our client is not involved with the day to day running of this business.

FINANCIAL DETAILS

Bargain Booze has traded solidly since opening with The Post Office also performing well. The business generates an annual turnover of £480,000 - of which £45,000 is Post Office salary. Gross profit for the business is £53,000 per annum. Bargain Booze franchise fees for this branch are around £100 per week. Full financial details are available upon viewing.

SUMMARY

This leasehold business is a superb mix of Bargain Booze and Post Office with both businesses popular and well known within this area. It delivers impressive weekly takings from both income streams. There is plenty of scope to develop the business further with the introduction of a new owner-operator, the business has historically taken over £11,000 per week and the demand for business is still in place. As such, 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 Post Office counters

Single point sales counter

3 x Chiller units

Lottery terminal

Cigarette cabinet

Chiller display

Shelving units

Roller shutters
Trading Hours:
Mon - Sat - 9am - 9pm
Sun - 12pm - 9pm

Tenure: Leasehold

Location Details: Middlesbrough

Leasehold Term: Rent: £307 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6278
Seller Reference:
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