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Convenience Store In West Yorkshire For Sale

West Yorkshire
Asking Price:
£60,000
Turnover:
£400,000
Net Profit:
£120,000

Selling extensive range of wines, spirits and beers from around the world, combined with convenience food

Property information

Premises Details:

FOR SALE

Business Name: Bargain Booze Location: Leeds

Business Type: Off License and Convenience Store Price: £80,000

Business Operation

Expansion Potential:

Opportunity to increase turnover to £500,000 in 2018

Competition / Market:

Located in a parade of shops, bars and restaurants in an affluent suburb of north Leeds. High footfall, Loyal clientele giving high volume of repeat business.
Located on main artery from Leeds city centre, with significant passing trade
This successful and highly profitable business, provides an extensive range of wines, spirits, beers and convenience foods to satisfy the needs of the local growing population in this affluent suburb of north Leeds.
The business is located within a prime location, with a high footfall, in the middle of a parade of shops, bars and restaurants. There is ample parking. The business is located on a main artery road, linking central Leeds (10 minutes) to the upmarket suburbs of Roundhay and Headingley.
The current owners have developed turnover and profitability, by the provision of a full range of global wines and spirits. The location of the business, combined with
the owners friendly, caring approach to customers, has resulted in a loyal clientele, and high repeat business.
The business currently will turnover around £400,000 in 2017, and is managed by the owner and 1 part time staff member.
Business Details
• Staff overheads are low. There is currently 1, part time member of staff
• The business premises are leased. The lease has currently over 7 years before expiry, and the current owner will help the new owner, with the transfer of the lease with the landlord.
The shop area is approximately 650sq ft. There is a storage area of 130sq.ft.
• Large owners accommodation is included in the lease, comprising of 2 double bedrooms, large lounge, large kitchen, bathroom and storage area.
•The business is part of a successful franchise national operation, and the current owner will assist the new owner in the approvals process for transferring the business.
Fixtures, Fittings and Stock
Most fixtures and fittings will be included in the asking price.
Stock at value – this currently is £30,000, and is not included in the sale price.

EPC Rating G

Key Financial Information

Turnover projection for 2017
£400,000


Gross Profit projection for 2017
£75,000


Owner Earnings projection for 2017
£40,000


Please contact the Broker:

Transworld
T
M

Reasons for selling:

relocating

Trading hours:

9-10

Employees:
1
Years established:
2016

Other Information

Support & training:

6 weeks

Inventory / Stock value:
£25,000

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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