Off Licences for sale in Saltash

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Popular Off Licence - Cornwall

Saltash, Cornwall, England

  • Leasehold Price: £29,950  Price Reduced arrow_drop_down
  • Annual Turnover: £499,000
  • Annual Gross Profit: £68,353
  • Annual Net Profit: £10,106
Seller Reference: 6657
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Business Description
 
 
 
 
 
Image 1 of 5 video_library
Seller Reference: 6657
Request Details
Business Description
Central High Street Location
Accounts Available To Year End 31st March 2018
Turnover £499,000
Gross Profit £68,353
Business can be sold out of the Franchise
Converted To Bargain Booze Plus 2010
Retirement Sale
Reliable Staff In Place Including Manager
Busy & Popular Tourist Area
New Lease To Be Negotiated
Scope To Add More Product Lines
EPC - B
REF 6657 – Leasehold Off Licence

Blacks Brokers are pleased to bring to the market this leasehold off licence located in the busy town centre of Saltash, Cornwall.

INTRODUCTION

The business has been trading as a DVD shop since 1989 and in 2010 our client introduced Bargain Booze Plus in order to meet local demand for a local off licence. The shop is very well known and has a strong base of regular customers in place. Our client has ensured the shop has an excellent reputation and good reviews are noted on Google.

LOCATION

Bargain Booze Plus occupies a prominent trading position within Saltash central high street. Saltash is classed a the gateway to Cornwall. This area is filled with local shops and independent retailers as well as large multiples such as The Coop, Boots and Superdrug. The area is well linked by the A38 and the Devon Expressway with strong public transport links and parking is available in the immediate vicinity with street parking and a car park to the rear.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is mainly manged by staff at present and is therefore 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with our client upon sale. The lease will run at a cost of £185 per week.

STAFF

The business is currently operating with the members of staff in employment – this includes one manager supporting our client working on a part time basis.

FINANCIAL DETAILS

Bargain Booze Plus has traded well during its impressive trading history. We are advised that the business currently has annual turnover of £499,000 and gross profit of £68,353. Full financial details are available after 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 occupies a superb trading position in a busy area of Saltash. There is plenty of scope to develop the business further with the introduction of new product lines such as newspapers, vape station and a redevelopment of the DVD section of this shop. A strong marketing drive could also be beneficial. 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 EPOS Tills

2m Chiller x 3

Ice Cream Freezer

Various Small Fridges
Trading hours:
MON - SAT: 10:00 - 22:00 SUN: 11:00 - 22:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Bargain Booze Plus operates from the ground floor of a spacious mid terraced property within a parade of shops and other businesses. The business is very well branded with the usual Bargain Booze Plus signage displayed above a matching frontage. Inside, the shop is presented well and is fitted with a range of wall shelving, central gondolas and display fridges as required. There is a DVD section to the right hand side. The counter is positioned to the left hand side of the main shop floor and this is fitted with two epos tills. The stock room is at the rear of the shop. All areas are furnished with good quality fixtures and fittings. The rear of the property leads into the yard which leads to the garage which used for additional stock storage.

The first floor of this property is currently used as private accommodation and this is completely self contained.

Location Details:
Saltash
Leasehold Term:
£185 Per Week
Listed by:
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