Mailbox Estates is pleased to offer an opportunity to acquire an Off Licence/Retail Store, generating weekly sales of £6,000.
This store is ideal for a multi-operator looking to expand on the solid foundation established by the current owner, or for a first-time buyer eager to enter the off-licence/convenience store sector. The shop offers a diverse range of products, including alcohol, tobacco, groceries, chilled and frozen goods, household essentials, office supplies, and more!
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REASON FOR SALE:
* Our client is offering the business for sale to focus on other business commitments.
THE OPPORTUNITY:
* Enjoys the advantage of minimal competition
* Newly refurbished
* Busy main road location
* Wide variety of products
LOCATION:
* The store benefits from a prime location on a busy main road, drawing substantial traffic. Positioned along a major bus route, it enjoys consistent high footfall, ensuring a steady flow of potential customers.
* The surrounding residential area offers a strong and consistent customer base, further boosted by the presence of various nearby businesses, including an Indian bar and grill, pizza shop, cosmetic clinic, and barbershop. This vibrant mix enhances the store’s potential for high footfall and steady growth.
TURNOVER:
* We have been advised by our client that the counter sales on average are £6,000 per week with 32% profit margins.
* Sales can be further boosted by integrating Uber Eats, Just Eat, and other delivery platforms, expanding the store’s reach and accessibility to a wider customer base.
OTHER INCOME:
* We have been advised by our client that the lottery commission is £500.00 pcm.
* The cash point commission is currently £10.00 pcm.
* The store currently does not offer Payzone services, presenting an opportunity to introduce this feature for additional income.
* The store currently does not sell newspapers, providing an opportunity to introduce this product line for added revenue.
GROUND FLOOR SHOP PLAN:
* The ground floor of the premises boasts a large retail sales area and stock room.
* Internally the retail trading area has recently been refurbished and is in excellent condition. There are a number of dedicated chillers and freezers around the perimeter of the shops trading area. The payment kiosk is located to the left-hand side of the entrance which showcase a range of alcoholic spirits and cigarettes. To the rear of the trading area is a storeroom with a separate W.C.
* A 9-channel CCTV system has been installed, providing comprehensive security coverage throughout the entire premises.
TRADING HOURS:
* Open 7 days a week, 07:00am-22:00pm
* Licenced to open earlier at 06:00am and close at 23:00pm.
STAFF:
*The business is owner operated with the help of 2 full time and 2 part time staff.
FIXTURES AND FITTINGS:
*The business is well-fitted throughout and a valuable inventory of equipment will be included in the sale
EXTERNAL:
* Two parking spaces directly outside of the store.
* Convenient free off-road parking is just a short walk away, offering easy access for customers.
* The spacious rear of the store offers excellent potential for expansion. This could be used to either enlarge the shop floor or to create a sizable stockroom, providing added flexibility and enhancing the store’s operational capacity
TENURE:
* Offered by assignment of the existing lease with 17.5 years remaining.
RENT:
* Annual rent is £15,000.
TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
LEGAL COSTS:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord’s legal fees are to be shared equally between the buyer and seller.
DEPOSITS:
* Successful Buyer(s) will be required to pay a non-refundable deposit.
BUSINESS RATES AND SERVICE CHARGES:
* Eligible for small business rates relief, resulting in no business rates payable.
