Well Fitted Franchised Off Free Licence | | Undisclosed Buckinghamshire | | Situated in a High Street parade, residential area, Milton Keynes | | ADVERT NUMBER : 63401
ADVERT IMPRESSIONS : 14,665 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | LEASEHOLD: | £125000 | | | | | BUSINESS DETAILS: | Features : Modern double fronted shop front to spacious Sale Shop approx. 750 sq. ft. sales area with ceramic tiled floor, counter, EPOS scanning system with 2 tills, 2 upright open fronted display fridges, 4 upright double door fridges, modern metal shelving etc. external electric shutters. CCTV system, 2 monitors plus video recording. Under floor safe.
* 1 Stockroom, c 300sqft.
* Staff cloakroom with 2 w.c. and wash hand basins
Franchise:
The Off Licence trades as a Bargain Booze. A purchaser will need to enter into a franchise agreement with Bargain Booze. The franchise fee (£825) is payable twice yearly. All alcohol, cigarettes, confectionery and snacks are purchased from Bargain Booze and are ordered and delivered twice weekly on 3 weeks credit.
Location : Situated in a High Street parade, residential area, Milton Keynes
Opening Hours : Monday - Saturday inclusive - 10 a.m. - 9 p.m.
Sunday opening - 12 noon - 8 p.m.
Opening hours can be increased
Turnover : WE ARE INFORMED the business commenced trading in September 2003. We are informed the turnover averages in the region of £16,900 p.w. inclusive of VAT (included in the sales are approximately £250/£300 in respect of phone top-ups). We are further advised that the sales year ending May, 2011 showed £879,675 inclusive of VAT with a gross profit of £92,277 i.e. 12.4%. In our opinion these premises have terrific potential to be continued as a Full Free Off Licence, combined with introducing a Convenience Store operation, if desired. Please note the purchase of this business is subject to entering into a Franchise Agreement IF THE PURCHASER WISHES TO TRADE AS A FRANCHISEE. We understand the charge is £575 every 6 months and with the requirement that all purchases are made through the Franchise Company.
Tenure : We understand the premises are held on a secure renewable lease, the present lease expiring in September, 2013 at a rental of £21,850 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates last year £6,548 p.a. plus water rates (metered)
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SCURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£35,000 approx), 4 weeks credit given on opening stock.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Delivery access at rear and 1 parking space.
Staff : The business is operated under management. Staff employed 1 full time supervisor plus 2 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
