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Well Known Off Licence Franchise Leeds

Leeds, West Yorkshire
Leasehold Price:
£59,995
Status
FOR SALE
Advert ID
247185
Reference
6917 / Rightbiz
    Prominent Main Road Corner Location

    Accounts Available To 31st March 2019

    Annual Turnover £487,499 (Exc Lotto & Payzone)

    Gross Profit £63,992

    Lottery Takings £78,000 P/A

    Payzone Takings £20,800 P/A

    Further Financial Info Available After Viewing

    Owner Operator

    Free Parking Immediately Outside

    Well Equipped

    CCTV Fitted Throughout

    Scope To Expand Product Range

    Potential To Change To Convenience Store

    EPC – D

Description:
REF 6917 – Leasehold Well Known Off Licence Franchise
Blacks Business Brokers are pleased to bring to the market this leasehold off licence located within the town centre of Armley, Leeds.

INTRODUCTION
Bargain Booze has been trading on Town Street for over ten years with our client in ownership since 2015. The shop is very well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and offers a wide range of beers, wines, spirits and cider.

LOCATION
Bargain Booze occupies a prominent corner trading position within a parade of shops and offices. The area is densely populated residentially and commercially with neighbouring businesses including a tattoo parlour, newsagent, flooring specialist and other independent retailers – there is no direct competition in this area. Leeds city centre is close by and the area is well linked by the M62 and M621 with strong public transport links. Parking is available immediately outside.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's family commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Internal Repairing Only lease (IRO). The current lease is a ten year lease which began in 2015 at a cost of £269 per week.

STAFF
The business operates with our client in full time employment supported by one member of part time staff.

FINANCIAL DETAILS
Bargain Booze has traded solidly since opening and our client has established a strong customer base. We are advised that the business currently has annual turnover of £487,499 with gross profits of £63,992. In addition to this, National Lottery generates £78,000 per annum and Payzone generates £20,800 per annum. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well placed off licence is well established and shows impressive takings on a consistent basis. There is plenty of scope to develop the business further with the introduction of a delivery service along with the implementation of a website with ordering system – possibly to target students living in the Leeds area. There is also potential to introduce a range of convenience products. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Bargain Booze operates from the ground floor of a two storey, corner property in the centre of the town. The business has the usual red Bargain Booze signage and branding displayed above and to both sides of the central entrance. Inside, the shop is well presented and fully fitted throughout with fridges and freezers, display shelving and central gondolas. The counter is fitted with electronic till, National Lottery machine and Payzone. There is a large storage room, kitchen, toilet and office within the first floor. Each area of this business is finished to a high standard and has been carefully considered for optimum use of space.



Fixtures & Fittings:
Small Ice Cream Freezer
3 Level Ice Cream Freezer
Open Display Drinks Fridge x 4
Display Stand Up Freezer
Shelving
Till
CCTV - 9 Cameras


Opening Hours:
MON - THU: 10:00 - 21:00FRI & SAT: 10:00 - 22:00SUN: 10:00 - 20:00


Weekly Rent:
£269 Per Week. Weekly Rent:
£269 Per Week.
Listing Details
Leasehold Price: £59,995
Tenure: Leasehold
Location: Leeds, West Yorkshire
Sector: Off Licences, Convenience Stores
Financials
Annual Turnover: £487,499
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6917 / Rightbiz

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