Hilton Smythe is delighted to welcome to the market this well-established and busy off licence business in Whaley Bridge, Derbyshire. The business was established in 1988 and has been in our clients` careful ownership since 1999. Only now is the business being offered to the market due to our clients` desire for a well-deserved retirement. The business is open 7 days per week and generates a turnover in the region of £200,868 per annum, with a gross profit of approximately 19% as per 2016 accounts.
The turnover is generated from the sale of a wide variety of products including beers, wines, spirits, tobacco, confectionery, soft drinks and ice-cream, to name a few. Over the last couple of years our client has developed the range of malt whiskies offered, which has now increased considerably. The business has developed an excellent reputation within the area for the high quality produce and services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals.
We feel the turnover could be increased by extending the opening hours and also by increasing the amount of household products sold. The closest store is a Co-op which is approximately half a mile away. By selling a more varied range of stock there should be a larger increase in sales. The business already has an excellent website in place to promote the business and the wide range of goods on offer.
The property boasts a large sales and display area and benefits from first floor self-contained living accommodation, which is currently let out and generates further income of £430 per calendar month, although a new owner could use the first floor as owners` accommodation. This is an excellent opportunity for a new owner to take this thriving and popular business to the next level; therefore early viewing must come highly recommended.
Cloud Wine occupies considerable premises, ideally located on a busy road running through the town of Whaley Bridge in the High Peak district of Derbyshire. The property holds a prime corner trading location within a small parade of complimentary shops and businesses, therefore benefitting from a large amount of footfall and passing trade. The property is surrounded by densely populated residential areas, from which the business draws much of its trade. Whaley Bridge is situated on the River Goyt and as of the 2001 census had a residential population of 6,226.
The area of the property is well served by the public transport system, with several bus stops within easy walking distance of the business. Whaley Bridge Railway Station is just over half a mile away. The area is also well served by the A-roads, with the business located on the A5004, which links to the vast A-road and motorway networks. Whaley Bridge is approximately 16 miles south of Manchester, 7 miles north of Buxton, 9 miles east of Macclesfield and 28 miles west of Sheffield.
Stone-built, three storey premises in a prime trading location, briefly comprising:
Lower ground floor:
Large storage room with racking and shelving to suit trade.
Also used as an office area.
Large sales and display area.
Racking and shelving to perimeter walls to suit trade.
DVD rental display area.
Central octagonal display unit.
Ice-cream display freezer.
Serve over counter with electronic cash register, credit/debit card terminal, cigarette gantry, confectionery display unit and rear spirit display unit.
Self-contained flat with access from rear of property:
Large lounge area.
The business is CCTV monitored with 6 x cameras, ADT alarm system, bars on rear windows and internal bars on front windows.
We are advised Freehold.
The business operates:
Monday – Tuesday: 11.00am – 10.00pm
Wednesday: 3.00pm – 10.00pm
Thursday – Friday: 11.00am – 10.00pm
Saturday: 10.00am – 10.00pm
Sunday: 12.00pm – 9.30pm
The business is owner run and managed.
The business generates a turnover in the region of £200,868 per annum, with a gross profit of approximately 19% as per 2016 accounts
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