Business for Sale in England: Staffordshire - Off Licence and Post Office - Leasehold: £160,000 (Offers in the region of)

Key Information

Ref
OL34872V
Type
Retail Businesses: Off Licences
Location
England: Staffordshire
Tenure
Leasehold
Status
For Sale
Weekly Sales
£14,313 Ex Vat
Post Office Remuneration
£40,000
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DESCRIPTION
EMF are pleased to bring to the market this popular leasehold lock-up Off-Licence with the accompanying Post Office based in Staffordshire. The business has a healthy and loyal customer base and healthy gross margins on its range of products.

PREMISES
The business consists of a ground floor lock-up shop with a rear-store room and toilet. A sectional garage is also located at the back of the shop, which can be used for storage and collection/dropoff of newspapers. The business benefits from a comprehensive CCTV system, air conditioning, with two serving counters and an additional two Post Office counters located to the rear. There are currently three isles, with a Post Office ran ATM located to the right on the main entrance. There are a total of four serving counters and a tobacco gantry

TENURE
Leasehold – landlord open to a new lease. Rent will stand at £12,000 pa on a landlord and tenant act lease. NIL Business Rates (SBRR).

COMMENTS
This is a well-situated and busy off-licence, that benefits from having lots of passing trade and locals alike. The rent is very reasonable for the size of the shop, and albeit situated next to a Coop store, this business continues to thrive.

TRADE
The business is made up of retail sales, Post Office commissions, newspaper delivery rounds and a combination of Uber and Deliveroo deliveries to locals. The business generated £744,300 during the last 12 months in retail sales, benefitting from a 13% gross margin, along with Post Office commissions of just circa £40,000 pa. We estimate the business would generate net profit of £100,000 for a full-time working couple.

STAFF
There are three part-time members of staff, totalling 50 hours per week

PRICE
Leasehold offers around £160,000 +SAV for the benefit of the lease, goodwill, itemised fixtures and fittings

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