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SOUTHEND ESSEX, OFF LICENCE WITH OWNER ACCOMMODATION For Sale

Essex, UK
Asking Price:
£325,000
Turnover:
Available on request
Net Profit:
Available on request

A traditional privately owned and run Off Licence in a heavily populated residential location on the junction of three roads. In the same hands for 15 years and for sale only due to retirement. Occupying a bold corner plot which may have some development potential subject to planning.

The Business:
A long established and very traditional Off Licence which has been in the same hands for 15 years! Offered for sale only due to the owners retirement. We believe this is an ideal opportunity for a small family team to run their own retail business whilst living on site. Alternatively, there may be some potential for development subject to planning.

Turnover:
The accounts of the business for the year ended 31st October 2020 show sales of £288,081 (an average of £5,540 per week).

Business Rates:
The 2017 rating valuation shows an adopted value of £1,900. Therefore, qualifying occupiers will be able to claim 100% Business Rates Relief. The residential elements are subject to Council Tax under band 'A'.

Legal Fees:
Each party is to be responsible for their own legal fees.

Property Information

Property:

Freehold

Location:

Property:
The property occupies a corner location at the junction of Branksome Lyme and Trinity Roads. Ground Floor: A very small retail shop approx. 200 sq.ft. with storage behind leading to a kitchen, which then provides access to the rear garden and garage. First Floor: Lounge, Bedroom and Bathroom. Second Floor: Bedroom. Rear garden space leading to a single garage.

Business Operation

Trading hours:

The business is open 7 days a week from 11am till 10.30pm.

Contact Dedman Property Consultants Ltd

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