Business Summary:
Retail Off Licence Offering Alcoholic Beverages
Full Range of Beer, Wines, Champagne and Spirits
Confidentially offered for sale
Ref No: EJ020
Location: Dorset Coastal Location
Asking Price: £295,000 + S.A.V
This successful off licence was established in 1982 with the current owner purchasing the business in August 2007 after spending all his working life in the trade. He has built on the local affluent trade by offering a full range of beer, wines, champagne and spirits across the price spectrum, offering his customers a tremendous choice in quality and price. This has produced custom from far and wide with many people travelling good distances to purchase some unique offerings from this well situated store.
Unfortunately since purchasing this business the owners health has suddenly deteriorated forcing him to review his future and the future of his family. This has left him with the reluctant decision to sell this business at what is an extremely good price making this an opportunity that will be snapped up very quickly! This will be a superb acquisition especially suited to a family operation for somebody wishing to re-locate to a beautiful and sought after area with accommodation over the business.
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| Facilities / Terms of Lease:
This is a fully renewable 15-year lease of shop and accommodation that expires in Autumn 2015 with 4 yearly rent reviews. Rent is currently £30,750 per annum with rates payable of approx. £7,000 per annum.
It comprises of a prominent double fronted retail area with store and office to rear as well as a secure spirit store area. There is a large basement with two rooms both used for storage.
The 1st floor accommodation which is fully self contained consists of fitted domestic kitchen, bathroom and split level to a diner and large living room with three good sized windows looking out onto the local area as well as an open fireplace.
On the 2nd floor are two good-sized character double bedrooms. Both rooms have open fireplaces.
This is set on a main road in a local shopping centre in the middle of what is an affluent area. It also has two parking spaces of its own for owners use. |
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| Potential
Growth/Expansion:
The consumption of wines per capita grows year on year and in general the population are becoming more selective as their knowledge of wine grows. In addition the business offers a superb range of champagne and spirits, many of which are not easily obtainable elsewhere, which gives it a significant advantage over other outlets. |
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| Competition:
Having been established over 26 years this business does little by way of advertising, enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its basic and unique high quality product range and customer service. The business also benefits from strong prominent window displays and is well positioned in an excellent trading location with a high volume of passing pedestrian and vehicular traffic. |
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| Owner
willing to train:
Full training and support is available following the conclusion of a successful sale. |
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| Reason for selling:
Due to constant and recurring health issues that have recently occurred forces the owner into a reluctant sale which is reflected in the price being asked for such a successful business. |
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Seller Reference Number: EJ020
BusinessMart.com Listing Number: 37065 |
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