Convenience Store Off Licence

Southport, Sefton
REF: 01080

Asking Price:
£220,000
Annual Turnover:
£950,000
Annual Net Profit:
£90,000
Featured
Recently Sold
REF: 01080
Photo of Convenience Store Off Licence

Overview

Tenure:
Freehold
Established:
1983
  • Huge growth potential
  • Accommodation Included
  • Excellent Reputation

A superb offer to purchase one of Southport's longest established convenience stores that operates a hugely successful traditional counter service.

The freehold opportunity offers tangible potential within a well maintained and extended corner property.

This well recognised business trades from a practical and extended freehold property that holds a corner position with numerous access points. The commercial side to the building is entered via a single doorway in the corner of a smartly presented shop face. This leads directly into a traditional, open plan retail floor which neatly displays stock and an ‘L’ shaped serving counter.

To the rear of this is a colossal space for storage that houses an abundance of stock and usable floor space, this is combined in use by the owner who maintain a small area for staff and office space.

The current owners have significantly extended and developed the property for use and practicality. There are 2 points of access which allow for easy loading and sufficient space for stock holding.

As well as this there is a fully separate, tenanted flat above this provides a sustained income flow for the owner but would make excellent owners accommodation.

Intelligent Business Transfer are delighted to bring this substantial freehold opportunity to the market for the first time in 31 years. The business is extremely well known locally and is one of the most established businesses in the area.

Trading primarily as an off licence and convenience store the business retains the traditional counter service that efficiently utilises the space on offer. The size of the property has allowed the business to reach the levels of success that it trades at today.

There is a copious range of stock that is well organised within a number of separated store rooms to the rear of the main counter area. As well as this there is an abundance of stock housed within the sales floor and sales counter.
The business is well stocked, and at any given time holds approximately £40,000 worth of stock. The stock is carefully selected by the successful owner operators who have been in the business for 31 years. An element of the business is attained through the sale of expired beer at very lucrative margins. This allows for the business to consistently return six figure adjusted net profit figures.

Financially the business is in a very strong position whilst offering further potential for growth and development. Revenue for the business has averaged between £950,000-£1,000,000 for the past five years and the business has remained strong during a difficult economic climate.

The running and development of the business is a credit to the current family owners who operate alongside a competent team of staff, who are themselves an asset to the business.

The property is of a deceptively large size and has the added advantage of a self contained flat that is currently let out to a reliable tenant. Going forward this should produce an extra sustainable income stream for any purchaser or would make ideal family accommodation.

The current owners are looking to sell in order to retire from an extremely successful industry.

Viewing essential.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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