Prominent Location
Accounts Available Year End 30th June 2021
Annual Turnover £904,152
Gross Profit £110,148
Accounts Available After Viewing
Recently Refitted
Lottery & Payzone In Place
Run Under Management
Free Parking
EPC - D
Blacks Brokers are pleased to bring to the market this leasehold off licence located in the busy village of Walmersley in Bury, Lancashire.
INTRODUCTION
The Local - Walmersley previously operated for many years under the trading name of Bargain Booze and as such it is very well known. It is operated under management and has a fully trained workforce. 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 and are also a Hermes parcel agent.
LOCATION
The Local - Walmersley occupies a prominent trading position in this extremely well know parade of shops that includes high street names such as Co-op alongside takeaways and a Post Office. The area is densely populated residentially and commercially and with its free car park to the front, is extremely convenient for shoppers.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client's retirement plans, 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. The length of lease is 10 years at a cost of £10,500 per annum.
STAFF
The business operates under management with seven part time members of staff.
FINANCIAL DETAILS
The Local - Walmersley has traded strongly since changing across to the new branding and has also benefitted from a strong historical trade under the Bargain Booze name as our client has established a strong customer base. Turnover is currently £917,000 per annum at a margin of 14.5%. The alcohol retail sales are supported by vaping products along with National Lottery ticket sales generating and additional £2,200. The store also provides support for Hermes parcels and generates a further £135 per week.
BUSINESS RATES
The business has a rateable value of £9,400 per annum.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
The Local - Walmersley is a busy retail store that has a full complement of trained staff. The location is excellent on the outskirts of Bury Town Centre offering customers free off road parking. The retail unit itself is presented to an extremely high standard due to its £30,000 refit. This is a first class opportunity offering a new owner operator an excellent opportunity to push the business forward, it is rare that such a business becomes available on the open market and early viewings are advised.
