Prominent Maine Road Location
Accounts Available Year End 30th June 2020
Annual Turnover £524,274
Gross Profit £72,483
Accounts Available After Viewing
Lottery & Payzone In Place
Run Under Management
Recently Refitted
Fully Fitted With CCTV
EPC - D
Ref 7852 – Leasehold Off Licence
Blacks Brokers are pleased to bring to the market this leasehold off licence located in Bacup, 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 as well as Lottery and Payzone.
LOCATION
The local occupies a prominent 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 Cohens Chemist. 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 at a point of sale at a cost of £192 per week.
BUILDING LAYOUT AND DESIGN
Bargain Booze operates from the ground floor only of this property in a busy parade of shops. The business has 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 front left hand side with two EPOS till serving stations. There are toilet facilities and large storage room in the basement. The property is 488 square feet in size.
STAFF
The business operates with six 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 2021 show that the business has an annual turnover of £524,274. Full financial information can be made available after viewing.
BUSINESS RATES
The business has a rateable value of £7,800. Purchaser should enquire with relevant local authorities as to the rates payable.
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 Payzone and Lottery. The business has an impeccable trading history and and therefore early viewings are strongly advised.
