24 Hour Supermarket Off Licence In Westcliff For Sale

Business description

LOCATION:
This Supermarket/Off Licence is situated on an extremely busy main road on the Southend/Westcliff on Sea borders. The Supermarket has the benefit of a very densely populated area and also has the benefit of free parking to the front of the premises for one hour.

DESCRIPTION:
As mentioned above the Supermarket/Off Licence is situated on a busy main road and is approached via double doors from the pavement with comfortable wheelchair and pushchair access. The shop has a fully tiled floor and a suspended illuminated ceiling. The shop is fully equipped for the trade and will include serving counter immediately inside the front door with cigarette gantry, medicine gantry and spirit gantry to the rear of the counter with a full confectionary display to the front of the counter, electronic till.

Other equipment includes an ice cream freezer, two central gondolas, wall shelving, card racks, large dairy cabinet, magazine rack, three deep freezers, newspaper stand. In the Off Licence section there is a Coca Cola cold drinks fridge, refrigerated beer display, refrigerated wine display, further wine and beer displays, laminate flooring. Access to large stock room which is fully shelved and with access to the Manager’s Office with computer terminal and CCTV controls etc.

The shop retail area is some 1400 sq.ft with the stock room area being another 400/500 sq.ft.

TURNOVER:
We understand from the Vendor the weekly turnover is some £27,000, with an additional £3,000 per week from the Lottery and Pay Point. We also understand from the Vendor, because of the 24 hour opening, there are no cut price or lost leaders and the gross profit margin is some 30%.

STAFF:
The business is currently run by the Vendor with the assistance of six staff who work on a rotation basis.

HOURS:
As previously mentioned the Supermarket/Off Licence is open for 24 hours and, indeed, has a Licence to serve alcohol for 24 hours.

TENURE:
The premises are currently held on a nine year lease with a current rental of £19,000 per annum, although we understand the Landlord would grant a new fifteen year lease to any prospective purchaser. In addition we understand from the Vendor the rates payable are some £5,000 per annum.

PRICE:
We are instructed by our Vendor client to offer this extremely lucrative business for sale at a most realistic price of £299,995, to include the benefit of the remaining nine years on the lease, the goodwill and the abundance of fixtures and fittings. Stock to be purchased at valuation.

AGENT’S NOTE:
Very rarely does a business of this quality become available and after seven years of running this lucrative business our Vendor client has to sell only because of other business commitments. We would urge any discerning purchaser to view this business with some degree of urgency in order to avoid disappointment.

Property information

Property:

Leasehold