Lucrative Off-Licence in Harwich

Harwich, Essex
REF: 03790

Asking Price:
£95,000
Annual Turnover:
£305,319
Annual Net Profit:
£10,500
Featured
REF: 03790

Overview

Tenure:
Leasehold
Established:
2011
  • High street location
  • Large, versatile premises
  • Exceptionally high income
  • Huge potential
  • Possible flat conversion for rental or personal use

The business on offer is a local off-licence which also offers some convenience store products and services.

It enjoys an extraordinarily high turnover thanks in part to a great location in the middle of the busy Dovercourt area of Harwich.

The shop itself is large with scope for development.

One major future money earner could be a flat conversion above the shop which could add to the half million pound annual turnover.

The business is an off-licence selling wine, beer and spirits as well as a small range of convenience products. Tobacco, confectionary, ice cream, slush puppy and lottery tickets are also sold.

The premises are well lit from the outside with good signage and a large window which is often filled with attractive seasonal displays and/or promotions. Inside, the premises are decorated to a high level.

There are open chiller units running the full length of the shop. There is space for the other merchandise as well as a large area set aside for wines. Spirits and tobacco are located behind the service counter on which the lottery machine is placed.

As well as the counter area there is also a storage room, an office/kitchen area and very large upstairs area which is currently used for storage.

Intelligent Business Partners is delighted to offer for sale a lucrative off-licence in the high street of Dovercourt in Harwich, Essex.

The business is well located on the road leading from the town’s station to its high street, ensuring that it gets plenty of custom from commuters and those going for a day out or on holiday in the locality.

The business employs four part time staff, all of whom offer a high level of personal service to customers, ensuring that the shop remains popular in the local community. This, together with valuable word of mouth promotion and high footfall, ensures that the business has an incredibly high turnover of around £500,000 per year. This is already impressive but it is growing year on year and can be grown even more rapidly in future.

The upstairs area can be converted to be rented out as a flat or lived in subject to permission from the planning department.

Expansion can be achieved through extending trade hours and offering of home deliveries.

Loading...
  • High street location
  • Situated in a developing tourist area
  • 300 yards from town's station
  • near new housing development
Rent
£11,313
Rates
£0
Lease Term
5
Lease Expiry
approx 2 reviews 5 yrs
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

Refine

Miles
£
£
£
£
Timed popup