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Well Regarded Off Licence Store For Sale

Southampton, Hampshire, UK
Asking Price:
£39,950
Turnover:
£200,000
Net Profit:
Available on request

Business
Hilton Smythe are delighted to present to the market Mr Local, a well regarded off licence business with over 20 years trading history. Our client purchased the business from a friend in the last 2 years and due to his other business interest is now looking to sell.

The traditional off licence has been improved by our client who has introduced new grocery lines, household products, lottery, paypoint, vaping fluids and more confectionery.

The core off licence business offers an excellent choice of red and white wines, champagne and sparkling wine, tinned beers and ciders, bottled speciality beers and ciders, spirits of all sizes and price options, cigarettes and cigars.

The business attracts both a local customer base from residents, retail workers, local garages and business people as well as passing commuter trade from those either working in the centre of Southampton or those visiting family or students looking to purchase a specialty branded drink which includes free advice on its suitability for the occasion customers require.

The business has been re-organised by our client to a very high level and will allow any new owner the ability to walk straight in and carry on trading. There is still scope to add further sales to the business by adopting any of the following -

Offer free local delivery
Offer free party glassware when purchasing wine from the store
Offer an outside bar service for events, parties and weddings
Create new website with online ordering option
Advertise more using social media sites - Facebook, Twitter & Instagram
Local leaflet drop

Due to the standard of the business we advise early viewing to avoid disappointment.
The business would suit anyone looking to work for themselves with minimal staff required.

Location
Mr Local occupies an enviable trading along a busy parade of local shops on Thornhill Park Road, Southampton.

Thornhill Park Road is the busy link Road from the nearby M27 into the centre of Southampton. The popular parade of shops attracts both local residents and passing commuters.

Southampton is a large port City on the South coast in Hampshire, famous for its strong Maritime history which still attracts many major cruise liners to the port, its excellent choice of Museums and galleries and Southampton university.

The business benefits from free customer parking directly outside.

Nearest mainline station is Bitterne.

Premises

Open soft drinks chiller
Glass topped ice cream freezer
‘Monsters’ can fridge
One beer can chiller
Double glass fronted cider / beer fridge
Central Air con unit
Single glass fronted wine fridge
Wine shelving units to left side, central display gondolier and rear spirit shelving
Single glass fronted champagne chiller
Tonic fridge
CCTV system and burglar alarm

Service desk which includes lottery terminal, epos till system with card machine and under counter storage shelving

Staff kitchen - sink unit, cupboards, fridge and microwave

Store room 1 - large full shelved secure storeroom

Store room 2/ staff room - shelved to 1 side

Tenure
The business is being sold as a Leasehold.

Original Term 12 years

Remaining: 11 years

Rent £12,000 per annum.

Hours
MONDAY to Saturday 10.00am - 10.00pm
SUNDAY 11.00am to 10.00pm

Staff
Run and managed by 1 full time member of staff currently.

Financial Profile
The business will generate approximately £200,000 turnover this year with a gross profit of around £40,000 and adjusted net profit of £15,000.

Stock is currently valued around £20,000

Property Information

Property:

Leasehold

Contact Information

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