Off Licences for sale in Wolverhampton

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Well established off licence business for sale.

Wolverhampton, West Midlands, England

  • Leasehold Price: £59,995
  • Under Offer
  • Turnover: £351,666
  • Gross Profit: £55,950
Seller Reference: B06003
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Business Description
 
 
 
 
 
 
 
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Seller Reference: B06003
Request Details
Business Description
Business
Please quote reference B06003

Hilton Smythe Commercial are delighted to present to the market Smoke and Wine Lifestyle Express, 1 of Wolverhampton’s most well established off licence/Newsagents established over 20 years ago.

The business was purchased 8 years ago by our client who is now looking to sell due to ill health.

Our client currently only works within the business to cover staff days off (normally 1.5 days of the week) only.

The ‘Turn-key’ business opportunity currently offers the following products & services –


  • Confectionery, crisps, bagged sweets & mints

  • Small & large bottles soft drinks, cans & waters

  • Newspapers & magazines

  • Lottery & scratch cards

  • Large choice of cigarettes

  • Beers, ciders, wine & large spirits selection

  • Hot coffee to go

  • Small choice of grocery & household lines


Our client advises 70% of the sales comes from his loyal customers base living or working within the area as well passers-by, parents from the local schools & building contractors.

To further increase the current sales levels, we advise any new buyer to look at adding any of the following –


  • Later opening hours

  • Adding ATM cash machine

  • Adding Paypoint/Mobile phone top ups

  • Increased hot food to takeaway (especially breakfast sandwiches and lunch time bakery items)

  • Larger lottery stand

  • Vaping liquids

  • More international food grocery lines

  • Extend current grocery options

  • Add home delivery service

  • Increase social media presence

  • Local advertising


Very rarely do well established businesses of this level come onto to the open market in the city centre area and we therefore recommend early viewing to avoid disappointment.

The key selling points include –


  • Unrivalled location

  • Licence till 11pm

  • Unique and memorable trading name

  • Many options to expand

  • Loyal team in place

  • Handover period offered

  • No business rates paid

  • Long lease term remaining



Location
Smoke and Wine Lifestyle Express store occupies a highly enviable trading position along Queen Street in Wolverhampton. The business is located within the A4150 ring road and just a few minutes’ walk from the towns mainline train station, the metro and bus stations.

Wolverhampton is a vibrant City within the West Midlands, located approx. 10 mins from the busy M6 motorway, just 17 miles north west of Birmingham.

The business is located directly across the main Job Center, which provides great business. It is a 2 minute walking distance from mander center and Wolverhampton Magistrates Court, Civic Hall, Banks & Building Societies, the main Post office and Grand Theatre.

There is an excellent passing footfall from both commuters, local retail and office workers as well those local customers who live within the area.

The area has very recognisable businesses on the street, including some of the following; H&T Pawnbrokers, Nandos, Little Desert Shop (Which gained national attention upon opening), Ron Sports (the main uniform supplier for local schools and Walkabout Pub (the away fans pub for Wolverhampton FC games).

There is limited parking in the adjacent streets, 2 x larger pay and display car parks are NCP Wulfun centre and Bell Street.

Premises
Ground floor –

Main shop area includes – 2 x Arneg Open Fridges, 1 x Avon Slim 700 (One is used for soft drinks, food to go and dairy produce. The other is used for alcoholic drinks).


  • 1 x Efficold small chest freezer

  • 1 x Efficold Slim water fridge (provided by Coca-Cola)

  • 1 x Small counter top Coca-Cola fridge (provided by Coca-Cola)

  • 1 x Nescafe & go machine.

  • 2 x EPOS Toshiba Tills

  • 8 channel CCTV system


Small rear stock room space and exit to shared yard.

Lower Ground floor –

Large stockroom with staff facilities including toilets.

Tenure
We are advised that the business is being sold as leasehold opportunity, with 17 years remaining on the 20 year lease. The rent is currently £13,000 per annum and the business has £0 rates payable. 

Hours
The business hours are; 

Monday- 6:15am to 7:15pm
Tuesday- 6:15am to 7:15pm
Wednesday- 6:15am to 7:15pm
Thursday- 6:15am to 7:15pm
Friday- 6:15am to 7:15pm
Saturday- 7:00am to 7:15pm
Sunday- 8:00am to 5:00pm


Staff
We are advised that the business has 1 full time and 1 part time members of staff. Our client currently only works within the business to cover staff days off (normally 1.5 days of the week) only. 

Financial Profile
We are advised as per the 2019 accounts, the business generated a turnover in the region of £3850,000 for the year, with an adjusted net profit in the region of £35,000. Full financials can be made available upon further request.

Please quote reference B06003

Tenure:
Leasehold
Listed by:
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