#brandname# are pleased to bring to the market this leasehold off licence located in Bowness in the heart of the Lake District National park. INTRODUCTION
Bargain Booze has been trading at Grosvenor Terrace since 2002 and previously it traded as a newsagents since the 1950s. The shop is extremely 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 and the popularity of Bowness as a destination in the Lake District. Our client has ensured the business has an excellent reputation and offers a wide range of beers, wines, spirits and cider along with Lottery/Payzone and Newspaper sales.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 Costa Coffee, Co-op, Sainsbury’s Local and Booths. The business is situated one mile for the nearest railway station. Windermere on Bowness is part of the Lake District National Park and is a huge tourist attraction in the UK, with millions of visitors all year round from tourists all over the world. Windermere Lake is only a two minute walk from the shop. 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. A new lease will be granted upon completion on a five year or ten year term at a rental figure per annum of £17,531STAFF
The business operates with our clients and a full time employee with three part time employees. FINANCIAL DETAILS
Bargain Booze has traded solidly since opening and our client has established a strong customer base. The accounts year end 31st January 2020 show that the business has an annual turnover of £843,818 and a gross profit of £159,564 creating a pre-tax net profit of £51,582.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. The business supports the income generated from the off licence with Newspaper sales, Payzone and Lottery. The business has an impeccable traiding history and a retail heritage that dates back to the 1950s and therefore early viewings are strongly advised.