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Off Licence/convenience Store In Affluent Location With Accommodation For Sale

Leamington Spa, Warwickshire, UK
Asking Price:
£499,999
Turnover:
£78,000
Net Profit:
Available on request

Hilton Smythe are pleased to have been given the opportunity to manage the sale of T&J Wines which is a well established Off Licence / Convenience store with a renowned reputation amongst local residents. This is a superb opportunity to take on a popular local business in an area teeming with customers.

There has been a general stores at this site for well over 80 years and so it can be truly said that the shop really is part of the local community. The current owner has run it as T&J Wines for the last 26 years and the business has been a real labour of love for him and his wife.

The business is now being sold, albeit reluctantly and with a heavy heart only due to a wish to take a well earned retirement. The owner is keen to see his beloved Off Licence cum Convenience store pass to an ambitious and entrepreneurial new owner (s) who can the business to the next level.

T&J wines has an impressive number of regular customers many of whom have been using the business for many years and are known on a first name basis by the current owners who are popular and well respected members of the local community.

The business is well stocked and offers a range of products including:
Beers, Wines and Spirits
Tobacco Products
Confectionery
Ice creams
Tights and hosiery
Greeting cards
Household Items
Crisps and snacks
General groceries.

Scope to improve

Advertising and marketing campaign, a leaflet drop always yields good results
Maximise the use of social media particularly Facebook and Twitter
Re-introduce the sale of newspapers and magazines
Apply for a Lotto terminal
Review the range of products stocked
Extend the shop, adequate room to do so.

Reasons to Buy

A well established business with an enviable reputation and many existing customers
Prime trading position on a busy main road
A real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit
Includes generous living accommodation
Ideal owner managed or partnership business
Current owner happy to offer a handover to ensure the continued success.

Hilton Smythe highly advise early viewing to avoid disappointment.

Stockroom

Generous stock room with perimeter shelving, floor storage space and roof light.

Garage

With double doors to front

Lounge

Generous lounge with wood effect flooring, patio doors, TV point, roof light with Velux window

Kitchen

Good sized family kitchen with window to rear, nicely fitted with a range of base and wall units with complimentary worktop, stainless steel hob and built in fan oven and microwave, 1 ½ bowl sink with Monobloc tap, roof light with Velux window, access to roof space.

Dining Room

With high ceiling, wood effect flooring, radiator and TV point

Utility Room

With tiled floor, range of base and wall units, door and window to rear

Shower Room

With white sanitary ware comprising close coupled toilet, pedestal wash basin and shower cubicle.

Lower Ground Floor

Cellar

Good sized cellar with generous head height, power and light and automatic sump pump.

First Floor

Bedroom 1

Good sized double, dual aspect with windows to side and rear.

Bedroom 2

Good sized double with window to rear

Bedroom 3

Good sized double with picture rail and window to front

Family Bathroom

Tiled walls and floor, window to front, white sanitary ware, Triton electric shower

Second Floor

Landing

With Velux window

Bedroom 4

Double with two Velux windows

Bedroom 5

Double with two Velux windows

Shower Room

With Velux window, white sanitary ware and Triton electric shower.

Externally

To the rear of the premises is a generous and secure garden mainly laid to lawn with patio and raised beds.

Financial Profile
T & J Wines generates an advised current turnover of circa £78,000 per annum but it needs to be appreciated that the business is being run at a pace to suit and has enjoyed higher turnover previously.

Property Information

Property:

Freehold

Lease Terms:

We are advised that T&J Wines is being sold as a Freehold business opportunity.

Location:

T&J Wines is located in Leamington Spa.

Leamington Spa is a town in central England. Set on the winding River Leam, it’s known for its Regency architecture and broad boulevards. In the 2011 census Leamington had a population of 55,753. Leamington is contiguous with the neighbouring towns of Warwick and Whitnash, which together form a continuous urban area, in 2011 the urban area had a population of 95,172.

T&J Wines occupies a prominent main road position and thus benefits from high levels of footfall and passing trade. The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free off-street parking immediately outside the premises as well as free on street parking on the main road and streets surrounding the premises.

Premises Details:

T & J wines occupies four floors of an attractive, period style, semi detached property which retains period detailing and briefly comprises:
Ground Floor

Shop

Double fronted with windows and glazed door to front creating a light, airy and inviting interior, vinyl flooring, long bespoke counter with confectionery section to front and generous wrapping area with till and payzone terminal, perimeter shelving, hosiery stand, chest freezer, glass topped ice cream freezer, crisp and snack racking, revolving card carousel, double glass fronted drinks chiller, single glass fronted drinks chiller, greeting card racking, security mirror

Business Operation

Trading hours:

Monday to Saturday 08.30 – 22.00

Sunday 10.00 – 10.00

Employees:
The business is run and managed by our client and his wife.

Contact Information

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