Prominent Corner Trading Position
Accounts Available Year End 30th June 2021
Annual Turnover £800,183
Gross Profit £106,676
Accounts Available After Viewing
Run Under Management
Fully Fitted With CCTV
EPC - C
Ref 7851 – Leasehold Off Licence
Blacks Brokers are pleased to bring to the market this leasehold off licence located in Colne, Lancashire.
The Local was established by our client and has recently been refitted, previously trading as a Bargain Booze. The shop is extremely well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and offers a wide range of beers, wines, spirits and cider.
The local occupies a prominent corner trading position on a busy main road. The area is densely populated residentially and commercially with neighbouring businesses including independent retailers as well as large multiples such as Skipton Building Society, Rowlands Pharmacy and many more. The business has good public transport links and parking is available in the immediate area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to one of our client's retirement plans and the other owners having other business interests the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a Full Repair and Insure lease (FRI) this is the most common form of commercial lease. A new lease will be negotiated upon sale at a cost of £288 per week.
BUILDING LAYOUT AND DESIGN
The Local operates from the ground floor only of this property in a busy parade of shops. The business has the large signage and branding displayed on this double fronted unit. Inside, the shop is well presented and fully fitted throughout with fridges, display shelving and central gondolas. The counter is positioned on the right hand side with two EPOS till serving stations. To the rear there is a large stock and storage rooms which has a small kitchen sink, there are also staff toilet facilities available. All areas are well presented. The property is 593 square feet in size.
The business operates with nine employees including a manager. The owners are not currently involved in the day to day running of the business.
The Local has traded solidly since opening and our client has established a strong customer base. The accounts year end 30th June 2020 show that the business has an annual turnover of £800,183. Full financial information can be made available after viewing.
The business has a rateable value of £7,000 per annum.
This well placed off licence is well established and shows impressive takings on a consistent basis. The business supports the income generated from the off licence with the addition of vape cigarette sales. The business has an impeccable trading history and therefore early viewings are strongly advised.