Business for sale

Business description

Our client is located in a small parade of shops which consist of a news paper shop, hairdressers, Chinese takeaway, dry cleaner/laundry, chemist and butcher, all of which attract a high volume of footfall from the local and surrounding village shoppers to the area. In addition, the local primary school and library is in close proximity.

The area is on a main road leading into Coventry from the M6, M69 connections and is a very upmarket residential area of well kept properties and neat gardens, open countryside and walks abound.

Coventry airport is also in close proximity as is a well loved nature reserve
Advent Business Sales is delighted to offer to the market this well established off licence, which has been trading for some 8 to 9 years, very successfully.

The current vendor has been in ownership since its inception but is reluctantly selling due to family commitments.

Our client has achieved an enviable local reputation and some would say notoriety for his selection of wines.

People come from miles away to buy from him. His offer of spirits, liquors and beers are commendable.

The business does not rely totally on drinks but also offers a good selection of convenience foods, soft drinks, DVD’s, greetings cards, sweets, snacks and tobacco products. Payzone and top ups are also available.

The decoration and lighting, fixtures and fittings are up to any chain store standard, clean, bright, well laid out, uncluttered – a credit to the business owner. Outside the multiples and chains, we very seldom find a shop in such superb condition.

The husband and wife team together with 1 part time employee staffs the business.

Stock at cost is approximately £32,000 - £36,000.

TRADING HOURS
Mon – Sun: 12.00pm – 9.00pm

EXPANSION POTENTIAL
Look to extend range by offering newspapers and magazines, also by extending opening hours.
BUSINESS PREMISES
Very large double fronted plus shop with doorway towards the centre.

To the left is the counter and till with tobacco gantry behind, also spirits and liquors.

Along the back wall are wines offered, a doorway to the rear stock room and staff w/c.

This follows along with more wine and beer offers to the right hand wall. This wall has a long refrigerated offer of chilled drinks, some dairy and milk.

Along the front wall back to the door are DVD’s and also deep freezers.

The remaining central area is essential and selected convenience goods.

The business has the added security of roller shutters to the front and back, CCTV and alarms.



TENURE: Leasehold
Original lease: 12 years
Remaining lease: 4 years (landlord will renew this to 12 years)
Review every: 4 years
Rent: £13,000 per annum (fixed until 2012)

We are advised that the annual business rates are currently: £1200 – small business relief