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Off Licence With Two-Bedroom Flat in Kettering For Sale

Kettering, Northamptonshire, UK
Asking Price:
£60,000
Turnover:
£225,000
Net Profit:
On request

Located in Kettering, Northamptonshire, this well-established off-licence retail store has been a staple of the community for over 20 years. Licensed to sell alcohol for consumption off the premises, the shop functions primarily as a convenience store, offering a range of products that include newspapers, magazines, beers, wines, spirits, tobacco, snacks, and essential groceries. The business enjoys extended evening hours, catering to the local population's needs with convenient access to vital goods.

Having been owned for 15 years, the current owner has successfully developed a strong community presence. This residential area is home to a nearby school, which helps attract customers from the local neighbourhood. Although competition exists with a larger branded shop, the store’s unique offerings and familiarity with local patrons set it apart in the market.

The business has demonstrated consistent growth, showcasing an increase in turnover over the past year, and the ongoing development potential of the premises suggests exciting future prospects. With the owner-operated management style, customers receive personal service that fosters loyalty and community engagement.

When considering a purchase, investors will find several appealing attributes associated with this business. Notably, the sale includes fixtures and fittings, alongside the alcohol sales licence. The shop occupies approximately 650 square feet and features both back office and storage space, as well as basement storage that offers further development opportunities. Furthermore, the business operates from a busy corner shop location, strategically positioned in a bustling residential area, which enhances foot traffic.
Key Business Features

The store offers exceptional facilities, including:

Accommodation availability, contributing to the potential for living on-site
A long lease, ensuring stability for prospective buyers
A well-stocked product inventory that meets diverse customer needs
Business rates currently at zero, alongside eligibility for business rates relief
Viewing of the business is strictly by appointment only, allowing interested parties to assess the premises thoroughly
Finally, the current owner is open to providing training opportunities for the new owners, ensuring a smooth transition in operations. This well-equipped off-licence presents a compelling opportunity for entrepreneurs looking to invest in a thriving local business.

Property Information

Property:

Leasehold

Lease Terms:

new lease 15 years

Lease Rent:
£10,000 per sq ft per annum
Living Accommodation:

2 bedroom flat above the shop

Location:

residential area near school

Premises Details:

kettering, northants

Size in square feet:
130 sq.meter
Energy Performance Rating:
B

Business Operation

Management type:
This business is owner operated.
Competition / Market:

not near

Reasons for selling:

family matters

Trading hours:

Mon-Sat 8am to 10pm

Employees:
1
Years established:
15

Other Information

Support & training:

all support will be provided

Furniture / Fixtures value:
£15,000
Inventory / Stock value:
£10,000