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Off Licence & Convenience Store In Cannock For Sale

Cannock, Staffordshire
Asking Price:
£60,000 Furniture / Fixtures included
Sales Revenue:
£520,000
Cash Flow:
Available on request

Main Road Trading Location
Annual Turnover Approx £520,000
Gross Profit Approx £114,400
Further Financial Info Upon Viewing
Close To Town Centre
Established 2011
Well Presented
16 Point CCTV
Scope To Expand Convenience Sales
Limited Local Competition
Operated By Staff
Accommodation Can Be Made Available
New Lease Negotiable
EPC - D

REF 6634 – Leasehold Off Licence & Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold off licence and convenience store located in a busy area of Cannock, Staffordshire.

INTRODUCTION

Liquor Stop has been trading on Watling Street since 2011. Our client established the business to meet local demand for a business of this type in this area. The shop has become an integral part of the local community gaining a large customer base and a superb reputation. At present, the shop offers a wide range of off licence products along with a smaller range of convenience products. Expansion into new product lines would be beneficial.

LOCATION

The business is positioned on a busy main road close to Cannock town centre. The area is densely populated residentially and under development locally with a new housing estate under construction nearby. The area is well linked by the M6 with excellent public transport links and parking is available to the rear and in local side streets. Cannock Shopping Centre and Cannock Chase Hospital are both close by.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated, the shop is managed by staff only and the business is therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with our client with the business sale. The lease will run at a cost of £288 per week. The accommodation on the first floor can also be included for an additional cost, if required.

STAFF

The business is currently operating with two members of staff in employment. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Liquor Stop has traded solidly during the last seven years. We are advised that the business currently has annual turnover of £520,000 with gross profit of £114,400. Full financial details are available upon viewing.

BUSINESS RATES

The business benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is well established and occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with longer opening hours, the introduction of new product lines and more convenience products along with a strong marketing drive and a new online presence potentially with ordering service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat - 10am - 9pm
Sun - 10am - 8pm

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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