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Well Regarded Off Licence Store

Southampton, Hampshire
Leasehold Price:
£39,950
Status
FOR SALE
Advert ID
245866
Reference
B05372 / Rightbiz
01204556300
Business
Hilton Smythe are delighted to present to the market Mr Local, a well regarded off licence business with over 20 years trading history. Our client purchased the business from a friend in the last 2 years and due to his other business interest is now looking to sell.


The traditional off licence has been improved by our client who has introduced new grocery lines, household products, lottery, paypoint, vaping fluids and more confectionery.



The core off licence business offers an excellent choice of red and white wines, champagne and sparkling wine, tinned beers and ciders, bottled speciality beers and ciders, spirits of all sizes and price options, cigarettes and cigars.



The business attracts both a local customer base from residents, retail workers, local garages and business people as well as passing commuter trade from those either working in the centre of Southampton or those visiting family or students looking to purchase a specialty branded drink which includes free advice on its suitability for the occasion customers require.



The business has been re-organised by our client to a very high level and will allow any new owner the ability to walk straight in and carry on trading. There is still scope to add further sales to the business by adopting any of the following -


  • Offer free local delivery
  • Offer free party glassware when purchasing wine from the store
  • Offer an outside bar service for events, parties and weddings
  • Create new website with online ordering option
  • Advertise more using social media sites - Facebook, Twitter & Instagram
  • Local leaflet drop
Due to the standard of the business we advise early viewing to avoid disappointment.
The business would  suit anyone looking to work for themselves with minimal staff required.

Location
Mr Local occupies an enviable trading along a busy parade of local shops on Thornhill Park  Road, Southampton.

Thornhill Park Road is the busy link Road from the nearby M27 into the centre of Southampton. The popular parade of shops attracts both local residents and passing commuters.

Southampton is a large port City on the South coast in Hampshire, famous for its strong Maritime history which still attracts many major cruise liners to the port, its excellent choice of Museums and galleries and Southampton university.

The business benefits from free customer parking directly outside.

Nearest mainline station is Bitterne.



Premises
  • Open soft drinks chiller
  • Glass topped ice cream freezer
  • ‘Monsters’ can fridge
  • One beer can chiller
  • Double glass fronted cider / beer fridge
  • Central Air con unit
  • Single glass fronted wine fridge
  • Wine shelving units to left side, central display gondolier and rear spirit shelving
  • Single glass fronted champagne chiller
  • Tonic fridge
  • CCTV system and burglar alarm
Service desk which includes lottery terminal, epos till system with card machine and under counter storage shelving 

Staff kitchen - sink unit, cupboards, fridge and microwave

Store room 1 - large full shelved secure storeroom

Store room 2/ staff room - shelved to 1 side

Tenure
The business is being sold as a Leasehold.

Original Term 12 years

Remaining: 11 years

Rent £12,000 per annum.

Hours
MONDAY to Saturday 10.00am - 10.00pm
SUNDAY 11.00am to 10.00pm

Staff
Run and managed by 1 full time member of staff currently.

Financial Profile
The business will generate approximately £200,000 turnover this year with a gross profit of around £40,000 and adjusted net profit of £15,000.

Stock is currently valued around £20,000

Listing Details
Leasehold Price: £39,950
Tenure: Leasehold
Location: Southampton, Hampshire
Marketed By: Hilton Smythe
Sector: Off Licences, Convenience Stores
Financials
Annual Turnover: £200,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05372 / Rightbiz
What's nearby
Within 1 milei:
Hadi Cash & Carry (Supermarket)
Western Union (Finance)
Masjid Ar-Rahmah (Mosque)
Masjid Ar'Rahman (Place Of Worship)
YMCA Newtown Pre-school (School)
Vedic Society Hindu Temple (Hindu Temple)
Kwik Fit Southampton Lodge Road (Car Repair)
Premise Property Maintenance Ltd (Plumber)
Society of St James (Hospital)
The Elizabeth House Hotel (Bar)
Listing Statistics
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Find out more about the business by contacting the seller