Off Licence & Grocers in North Somerset ***Open to Offers***

Bristol, Somerset
REF: 02225

Asking Price:
£140,000
Annual Turnover:
£445,600
Annual Net Profit:
£90,000
Reduced
Recently Sold
REF: 02225
Photo of Off Licence & Grocers in North Somerset ***Open to Offers***

Overview

Tenure:
Leasehold
Established:
1970
  • Excellent Reputation
  • Very Loyal Customer Base

This is an ideal opportunity for anyone wishing to own and run a village convenience store, off licence and newsagent.


Based in North Somerset between Bristol and Weston-super-Mare, it comes to the market because of the decision by the present owner to retire after nearly ten years successfully running the business.


With a very loyal customer base from within the village of 2700 inhabitants, turnover is high and profits show year on year growth.

The shop is located in the heart of the village, opposite the garage/filling station. The building is an attractive stone & slate construction in keeping with the traditional feel of the village and is well maintained and welcoming.

Access via the front door leads straight to the main retail area of the store, with first impressions being one of a well-stocked and well-run business. Although clearly a focus towards the off licence side of the business, this is nevertheless very much a general grocer/convenience store establishment, with newspapers, magazines, confectionery, drinks cabinets general goods, etc. all available.

There is a separate section, currently stocking a large range of pet foods, that could easily be switched to provide further general retail space if required.

In addition to the main shop area, there is a stockroom with chest freezers, small office/further storage and a staff toilet/washbasin.

There is plentiful street parking nearby for those needing to drive.

Intelligent Business Transfer are pleased to bring to the market this poplar and well established village store. Located in the attractive village of Wrington, North Somerset, there has been a general store on this site for many years and under the present owner since 2005.

For a place of its size, nearly 2700 inhabitants, Wrington does not have particularly easy road access to nearby towns, with travel in in and out of the village via a couple of miles of country lanes. As a result, there is more reliance amongst local inhabitants on local shops than would generally be expected from a village of this population, particularly amongst the 30% of the residents who are aged 65 and over.

Turnover at the shop is high and it has an excellent reputation amongst the local residents. The store is presently run as a grocery, off licence, newsagent, pet food supplier and convenience store, but there is scope within the good-sized floor space to adapt usage according to local demand.

The present owner is wishing to retire after ten years in charge and will leave behind a flourishing and respected business that very nicely meets the needs of villagers. It represents a very good opportunity to manage and run a general store that is much liked and much frequented by its customer base.

Location

Property

Annual Rent
£11,100
Annual Rates
£1,045
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
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
XXXX
Management Structure
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Number of Employees
XXXX
Current Ownership
XXXX

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