Hilton Smythe is delighted to introduce a popular Wine and Spirit Merchant to the market. This busy wine store was originally established by our client in 2006. Our client is now looking to sell the business due to the desire to take a well deserved retirement.
The business is the go to place in the area, with a fantastic range of products. We are advised the store sells around 500 wines from around the world carefully chosen and are not to be found in supermarkets or multiples. The store also has a great selection of premium spirits, craft ales, cigars and Riedel glassware. In addition to its regular customers It caters for corporate events, weddings and other special occasions.
We believe the already high turnover could be increased by growing the amount of customers using the wine club membership scheme which already has approximately 400 active members. The members pay an annual fee of £60.
The current owner organises wine tasting trips to prestigious and acclaimed wineries across Europe. A strong relationship exists with suppliers which has been built up over several years.
The business has a great website which advertises the wine shop. The website is also updated with forthcoming events regularly emailed to its 1200 strong data base.
We advise the new owner to look into building up connections with high end party planners who operate within Surrey and Central London. Also by advertising at wedding fairs held in the area, the business can build up some more great connections.
This area is a high end sought after location, and the retail parade in which the business is located is desired by any retailer. This area is home to many high earning London professionals, top international golfers, actors, celebrities and members of parliament.
The current owner would be willing to work with the purchaser to ensure they are introduced to the extensive supplier base, as well as guiding them through the best way to look after the wine club members.
Our client also has another business on the market which is under the reference 2901A-C, this business is located a few doors down from the shop. We are advised that the owner would be willing to offer both businesses at a combined price of £550,000.
Above the store are two flats which generate a fantastic income of £21,600 per annum.
Hilton Smythe highly advise early viewing to avoid missing out on this fantastic business in such a brilliant location.
This fantastic wine and spirit merchant is located in an affluent area of Surrey.
The property is located next to a world famous golf club. In residence are several well-known celebrities and prominent world famous golfers. The population of the town consists of many London commuters, who prefer to live away from the bustling atmosphere of Central London.
The business is situated on a retail parade which benefits from a range of businesses including a florist, hair salon, post office, chemist, estate agents, beauty salon, clothing and shoe shops, betting shop, newsagents, interior decorators, 5 other restaurants and more. This is a highly sought after location and retail stores are in high demand.
The business benefits from free on street parking which is directly outside the premises. Facing the property is one of the many bus stops in the area, which has regular routes to the surrounding towns. Just a short 1 minute walk away from the business is a train station.
The premise is a single storey property with great signage. The business is secured with a full CCTV and security system.
Inside the store, there are wood shelving units around the perimeter from floor to ceiling. There are also two central tables which hare used for specific merchandising. The main shop area is light and airy with a clean feel.
To the rear of the premise is an office area, this includes a cash register and cash machine. There are 2 small stock rooms and toilet to the back.
Above the premise are two flats. The first flat which has 2 bedrooms is rented out for £950 per month. The second flat is a 1 bed and is rented out for £850 per month. This generates a combined income of £21,600 per annum.
To the rear is a separate entrance with a large garden and extensive parking.
We are advised the business is leasehold
Original lease length 20 years
Current lease length 10 years
Review period 5 years.
Rent £31,000 per annum
The business opens:-
Monday - Saturday: 10am – 7pm
The business is run and managed by the owner.
Turnover - £225,000
Rental income generated from flats above £21,600 per month.
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