Convenience Store And Off Licence In Dorset | | Weymouth Dorset | | Convenience Store & Off Licence Wyke Regis, Dorset T/O: £400,000 GP: 35% Huge scope Busy main road location 3-bed owners' accom Popular tourist area | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63562
ADVERT IMPRESSIONS : 9,730 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £113,000 | ANNUAL RENT: | £25000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Portland Road Food & Wine is situated in a small parade of complementary shops and businesses on the busy A354, which is the main route through the area, linking Weymouth to Portland. The business is surrounded by an affluent and densely populated area from which it draws much trade. There is ample parking in the vicinity and there is a parking forecourt to the front of the parade. The business benefits from a high footfall and much passing trade from tourists visiting this popular destination on the south Dorset coast. The area is to host the sailing events for the 2012 Olympics, which will increase trade further.
Business History
Preferred Commercial is delighted to offer for sale this busy convenience store and off licence business, which was established in 1960 and which has been in our client's hands since 2003. The business is only now being placed on the market due to our client's wish to retire. Portland Road Food & Wine generates a turnover in the region of £400,000 per annum with a gross profit of 35% derived from the sale of a range of convenience food items, household goods, alcohol, newspapers and cigarettes. A new owner could increase turnover by applying to become a Lotto outlet and by offering PayPoint facilities. The premises benefit from a self-contained 3-bedroom flat above, which could be used as owners' accommodation or rented out to generate further income. We feel this represents an ideal opportunity to acquire a busy convenience store and off licence in such a desirable area and with scope for further growth. Early viewing must come highly recommended.
Financial Details
T/O: £400,000 approx.
GP: 35%
Newssheet: £300 per week
Opening Hours
Mon - Sun: 6.30am - 10.00pm
Accommodation Details
Substantial brick-built, 2-storey premises with self-contained 3 bedroom accommodation above. Briefly comprising:
Ground Floor
• Main sales and display area, recently refurbished and fitted to suit trade with tiled floor, acoustic ceiling and diffused lighting, chilled beer display unit, chilled wine display unit, soft drinks chillers, shelving to walls and centre gondolas for household goods and groceries, newspaper racking, hardware display section, retail counter with 2 x electronic cash registers, card terminals, spirits display and cigarette gantry, CCTV system and air-conditioning.
First Floor
Self-contained living accommodation, briefly comprising:
• Lounge
• Kitchen with a range of fitted wall and base units
• Family bathroom with shower over bath
• 2 x double bedrooms
• Single bedroom
External
• Roof terrace serving living accommodation with external staircase to rear garden
• Large external store room to rear
• Parking forecourt to front
Tenure
Leasehold
Original length: 12 years
Remaining: 12 years
Review: every 3 years
Rent: £25,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2464 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
