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Established Off Licence Colne

Colne, Lancashire
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  • Leasehold: £140,000
  • Turnover: £800,183 £15,388 Per week
  • Net Profit: Not Applicable

Business Details

    Prominent Corner Trading Position

    Accounts Available Year End 30th June 2021

    Annual Turnover £800,183

    Gross Profit £106,676

    Accounts Available After Viewing

    Run Under Management

    Recently Refitted

    Fully Fitted With CCTV

    EPC - C

Description:
Ref 7851 – Leasehold Off Licence
Blacks Business Brokers are pleased to bring to the market this leasehold off licence located in Colne, Lancashire.

INTRODUCTION
The Local was established by our client and has recently been refitted, previously trading as a Bargain Booze. The shop is extremely 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
The local occupies a prominent corner trading position on a busy main road. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Skipton Building Society, Rowlands Pharmacy and many more. The business has good public transport links and parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to one of our client's retirement plans and the other owners having other business interests 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 Full Repair and Insure lease (FRI) this is the most common form of commercial lease. A new lease will be negotiated upon sale at a cost of £288 per week.

BUILDING LAYOUT AND DESIGN
The Local operates from the ground floor only of this property in a busy parade of shops. The business has the large signage and branding displayed on this double fronted unit. Inside, the shop is well presented and fully fitted throughout with fridges, display shelving and central gondolas. The counter is positioned on the right hand side with two EPOS till serving stations. To the rear there is a large stock and storage rooms which has a small kitchen sink, there are also staff toilet facilities available. All areas are well presented. The property is 593 square feet in size.

STAFF
The business operates with nine employees including a manager. The owners are not currently involved in the day to day running of the business.

FINANCIAL DETAILS
The Local has traded solidly since opening and our client has established a strong customer base. The accounts year end 30th June 2020 show that the business has an annual turnover of £800,183. Full financial information can be made available after viewing.

BUSINESS RATES
The business has a rateable value of £7,000 per annum.

SUMMARY
This well placed off licence is well established and shows impressive takings on a consistent basis. The business supports the income generated from the off licence with the addition of vape cigarette sales. The business has an impeccable trading history and therefore early viewings are strongly advised.

Fixtures & Fittings:
Shelving
Fridges
2 Lane Epos System
Time Lock Safe
CCTV
Monitored Alarm


Opening Hours:
MON & TUE: 10:30 - 21:30 WED - SUN: 10:30 - 22:00 SUN: 12:00 - 22:00


Weekly Rent:
£288 Per Week. Weekly Rent:
£288 Per Week.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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