An Outstanding Surrey Off Licence & Wine Merchant For Sale

Business description

We had the pleasure of selling this long established, highly regarded and extremely profitable Specialist Wine Merchants and Off Licence to the present owner some 5 years ago, and whose predecessors operated the concern for no less than 30 years, and we are therefore delighted to be instructed to offer the business for sale once again. Operated over a six day trading week with the benefit of no Sunday opening, this fine business has consistently produced sales in the near region of £500,000 excluding VAT on an annualised basis over many years and with excellent gross profit margins of around 25% being achieved, very substantial net profits are to be enjoyed for actively involved working owners. Occupying the end unit in a thriving local shopping parade which also supports a popular butchers/fish merchants and a multiple owned Convenience Store, the attractively presented shop has the benefit of easy unrestricted lay-by parking right outside. It should also be noted that our client has now instructed us to offer this business in conjunction with the proposed sale of a second, similar and extremely impressive Off Licence and Specialist Wine Merchants which he established earlier this year in another popular and sought after Surrey Village on the Surrey/Hampshire border, some 10 miles away and very easily accessible via the A3 Motorway and recently opened Hindhead Tunnel. Full details are available separately under our Reference No: G.7245.

Property information

Property:

Leasehold

Lease terms:

The lock-up shop is held under a secure, full repairing and insuring lease for a term of 15 years from December 2004, subject to 5 yearly rent reviews or a Tenants’ only break clause on the same dates, expiring on the 24th December 2019.

Leasehold rent:

£10,250 per annum

Premises details:

THE EYE CATCHING, AIR CONDITIONED, SINGLE FRONTED SHOP: under a colourful overhead sun canopy, the shop interior, approximately 7 metres wide x 6.5 metres deep, is well presented and fully fitted for the trade with tiered and adjustable wooden display shelving and binning to walls, large island gondola, 2.7 metre Arneg wine and beer chillers, single door vertical soft drinks chillers, curved serving counter to the front with Casio TE-M80 electronic till, cigarette/tobacco gantry, confectionery displays etc. Fluorescent strip lighting, Amtico ‘wood panelled’ flooring, full internal burglar alarm and CCTV security systems installed, the latter with shop cameras and four way split screens to serving counter and to partitioned rear office. Air conditioning unit. To the rear of the shop, lobby area with cloakroom having wash basin and w.c. plus useful under stairs storage space with wine racking. Access to main wine store, 5 x 3.5 metres, housing 1400 bottle wine rack, storage shelving etc. Security door to beer store, 4.5 x 3 metres, leading through to minerals store, 5 x 3 metres. Side door to shared and covered yard area with chest freezer and side delivery access.

Business Operation

Trading hours:

Operated over a strictly 6 day trading week which has to be said is unusual for an Off License, opening daily from 11 a.m. to 9.00 p.m. Monday to Friday and from 10 a.m. until 9 p.m. on Saturday. No Sunday opening.

Employees:

The business is operated by our client with two part time assistants incurring a wagebill of £6,240 for the year to November 2010.

Other information

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