Off Licences for sale in Stoke-on-Trent

View the "Well Known Off Licence - Stoke-on-Trent" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Well Known Off Licence - Stoke-on-Trent

Stoke-on-Trent, Staffordshire, England

  • Leasehold Price: £74,995  Price Reduced arrow_drop_down
  • Annual Turnover: £640,271
  • Annual Gross Profit: £80,240
Seller Reference: 6868
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Business Description
 
 
 
 
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Seller Reference: 6868
Request Details
Business Description
Main Road Trading Position
Accounts Available 31/08/2018
Annual Turnover £640,271
Gross Profit £80,240
Flat Rental Income £3,840
Further Financial Info Available After Viewing
Established 1999
Retirement Sale
Management Team In Place
Cash Machine To Front
Lottery & Parcel Collection Services
Scope To Expand Product Range
Potential For Longer Opening Hours
EPC – E
REF 6868 – Leasehold Off Licence & Accommodation

Blacks Brokers are pleased to bring to the market this leasehold off licence with accommodation located close to the town centre of Stoke-on-Trent, Staffordshire.

INTRODUCTION

Bargain Booze Plus has been trading on Victoria Road since 1999. Our client established the business here to meet 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 a parade of shops and residential properties close to the Fenton area of Stoke-On-Trent. The area is well linked by the M6, A500 and A50 with strong public transport links and parking is available in the surrounding area. We are advised there is a housing estate of over 150 houses under construction nearby.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business 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. The current lease is a ten year lease which began in 2014 at a cost of £250 per week. The lease includes the first floor accommodation which is sub let and generates £80 per week.

STAFF

The business is currently operating with three members of part time and three members of full time staff in employment. Our client is not heavily involved in the day to day running of this shop.

FINANCIAL DETAILS

Bargain Booze Plus has traded well during its impressive trading history. We are advised that the business currently has annual turnover of £554,934 and gross profit of £75,386 . This includes Payzone and Parcel collection services generating £6,500 per annum and National Lottery generating £2,500 per annum. Full financial details are available upon 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 Stoke-On-Trent. There is plenty of scope to develop the business further with the introduction of a strong marketing drive, longer opening hours and a new owner operator could reduce staffing costs significantly. A social media presence could also be of benefit. This proposition would therefore 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:
Open Fridge x 3

Display Freezer

Ice Cream Freezer

Shelving

Till
Trading hours:
MON - SAT: 08;00 - 22:00 SUN: 08:00 - 21:00
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 residential properties. 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 stock room, staff kitchen and toilet to the rear of the shop floor. All areas are furnished with good quality fixtures and fittings.

The first floor comprises of three bedrooms, lounge, fitted kitchen and family bathroom and is sub let – this may be used by a new owner if preferred.

Location Details:
Stoke-on-Trent
Leasehold Term:
£250 Per Week
Listed by:
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