Price reduced for quick sale. This is a thriving business that is well situated in a row of shops in a busy area offering a wide range of services to the community.
This is a thriving business that is well situated in a row of shops opposite a large pub and next to a popular leisure centre, park and secondary school. The business is an off licence that offers PayPoint, lottery, Hermes parcel point services and hot food as well as having a cash machine.
There are 10 years remain on the lease but this could easily be extended due to the good friendship with the owner of the building. The landlord is also open to the sale of the freehold if this is required at £199,000 or any other offers. Owning the building would dramatically increase the net profit by over 10K per year. The property includes a 2 bedroom flat above with garage and small garden space which is currently rented out bringing in £5,300 PA in rent. The net profit figure is £22,000 with plenty of scopes to increase this figure. The business is currently open 6 AM - 7:30 PM Monday to Saturday and 6 AM - 5 PM on Sundays. There is great demand for the business to increase its opening hours by the locals so this could be a great way to improve the turnover and net profit. The business is not a franchise and a new owner is free to leave the Costcutter group at no cost at any time. In exchange for purchasing goods through them, the current owner gets to use their corporate image. However, this is another area where a new owner could potentially substantially increase profitability by sourcing their own goods or changing the corporate provider to say Londis as an example for a keener pricing structure.