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BUSINESS REFERENCE : 8509 / RightBiz OFF LICENCE FOR SALE GOOD LOCATION | | | | | | This business is part of the Bargain Booze Off License network, the vendors pay a flat rate Franchise fee of about £1800 per annum. | | | BUSINESS LOCATION: | Watford Hertfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Private Sale | LEASEHOLD: | £45000 | ANNUAL RENT: | £9000 | | | | | | | | | | | BUSINESS DETAILS: | Business description
This business is part of the Bargain Booze Off License network, the vendors pay a flat rate Franchise fee of about £1800 per annum, for this they
benefit from national on going marketing and advertising and continued merchandising support as well as benefiting from excellent prices from the supplier.
Gross Profit margin is about 20%.
The business enjoys an excellent reputation for good value for money and a wide range of stock, and benefits from on-going and effective national advertising, leaflets etc which they put to good use marketing in the local area.
The business currently supplied a number of local sports clubs and this business can be increased with further marketing.
The franchisor offers good in-store support to ensure that the shop is presented well and are now offering the chance to add lines of groceries to the Off license offering.
The business also benefits from the recent addition of DVD rentals which has added another income stream. Fixtures and Fittings: The shop has recently been fitted out to a high standard and all FFE are included in the asking price, including the EPOS system. Ref Stock: All stock supplied on a 3 week credit arrangement with supplier.
At completion this can be transferred to new owner, upon supplier approval or the vendors are willing to extend same credit on stock to buyer.
Typical stock levels run at £20-25k.
Lease terms: Lease: A new 10 lease with 5 yearly rent reviews was granted in 2006 to the current tenants, including a two bed flat above, yielding £600 /month rent, 3 months notice required for the current tenant. Current rent for building is £15,500. Living accommodation: 2 Bedroom flat is included in the lease, currently yielding £600 p/month in rent.
Competition / Market: This business is part of the Bargain Booze Off Licence network, the vendors pay a flat rate Franchise fee of about £1800 per annum, for this they benefit from national on going marketing and advertising and continued merchandising support as well as benefiting from excellent prices from the supplier. Gross Profit margin is about 20%. Support &
Training: The franchisor offers full training for the incoming tennant and on-going merchandinsing support to help the tennant present the store and the product in the best way.
Reasons for selling: Other business interests. Trading hours: 11am to 11pm Financing available: Stock usualy runs at about £20-25k depending on time of year and the payment terms are 3weeks, which the vendor would offer to the incoming tennant. Furniture / Fixtures value: £25,000 | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | Confidential - Members Only | | CONTACT: | Confidential - Members Only | | REFERENCE: | 8509 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
