Bargain Booze With Convenience Goods | | Undisclosed West Yorkshire | | WEST YORKSHIRE FRANCHISED OFF LICENCE WITH CONVENIENCE GOODS Prominently sited franchised off licence Busy site with weekly takings £18,500 incl £1,000 of high margin convenience sales Overall gross margin 16% Potential for refurbishment including owners' accommodation above the shop L/H: £159,950 + SAV REF: 1244WF | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70772
ADVERT IMPRESSIONS : 19,547 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | LEASEHOLD: | £139,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
Prominently sited within densely populated suburban area of a Yorkshire market town
Parade of shops with complementary businesses to either side
Mix of residential and commercial businesses within the area
Unrestricted parking in front and to the side of the shop
HISTORY
Established by vendors as franchised off licence 8 years ago
Shop designed and fitted in line with requirements of franchisor
Fixtures and fittings are of high quality
Product range extended to include a variety of brands and price points
Various complementary grocery and household items introduced to meet customer demand
REASON FOR SALE
Vendors wish to pursue alternative personal priorities
PRODUCTS
Extensive range of spirits, wines and beers stocked to meet customer tastes
Confectionery
Cigarettes
Convenience goods
SERVICES
Cash machine
Cash back
CUSTOMERS
Traditional local customer base reflecting economic make up of the area
Typically socio economic grouping C, D and E
High repeat rate
SUPPLIERS
Products sourced through franchisor with twice weekly deliveries
STAFF
5 part time
Vendor
TRADING HOURS
Monday to Thursday 10 AM to 9 PM
Friday and Saturday 10 AM to 10 PM
Sunday 11 AM to 9 PM
FINANCIALS
Annual turnover £970,610 equating to £18,500 per week
Overall gross margin 16% inclusive of grocery sales
Adjusted net profit £83,211 annually
Stock holding typically £20,000 to £25,000
Alcohol sales account for approximately 80% of turnover, tobacco products 15% and other goods around 5%
OVERHEADS
Rates £1,450 pa
PREMISES
A traditional parade shop, with ground floor storage and office accommodation above, surrounded by complementary businesses
Shop with racking and shelving appropriate to trade
Sales counter with electronic point of sale system
Large store
Alarm with CCTV
First floor office area
STRENGTHS
Support from well known and respected high street name franchisor
Exceptional repeat rate
Densely populated urban area supporting clientele with high income spend on alcohol and tobacco products
Franchisor website with frequent special offers for both retailers and consumers
High annual turnover with increasing spend on high margin convenience items
Extremely profitable
SCOPE
Local business development activity limited at present
Introduction of additional product lines with an extensive range available from franchisor
Expansion and refurbishment of shop to include a reduction in size of existing storage
Utilisation of first floor accommodation for possible storage or owners accommodation
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1244WF / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
