Ref 6439 – Leasehold Bargain Booze & Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold Bargain Booze & convenience store located in the much sought-after area of Greasby, Merseyside.
Bargain Booze has been trading on Arrowe Road for over twenty years with our client in ownership since 2016. The store has become an integral part of the local community offering a range of products and services including convenience goods as well as newspapers and magazines, National Lottery and scratch cards, mobile top ups and PayZone.
The brand “Bargain Booze” was launched in 1988 and stores are located throughout England and Wales. The Bargain Booze website was awarded the No.1 retail website in the UK in May 2014. Operating a Bargain Booze store ensures strong training and franchise support for a new owner with the reassurance of a well known brand name.
The shop is ideally situated on a main road in Greasby, Wirral. The area is very well linked by the M53 with this business only one mile from the nearest junction and Arrowe Park Hospital is also close by. Greasby is a popular and affluent residential area and the business is positioned within a parade of other local shops and businesses. The main road trading position brings plenty of passing trade in addition to the large base of local customers. The area has excellent public transport links and there is free parking immediately outside the shop.
The business is ideally suited to a hands-on owner-operator but will soon be operated by staff only due to the demands of our client's other business commitments being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. A new lease will be fully negotiated and offered by our client with this business sale. The lease will run at a cost of £253 per week for twelve years.
Bargain Booze operates from the ground floor of a prominent corner property. The shop has large signage displayed to both sides of the building with bold Bargain Booze branding on display and special offers advertised on the glazed frontage and secure metal shutters. Inside, the shop is well presented with tiled flooring throughout and a combination of wall shelving, central gondolas and display fridges as required. CCTV is fitted throughout. The counter and tilling area is positioned to the left and to the rear are two large store rooms and toilet facilities. There is potential to extend the shop into one of the store rooms.
The business is currently operating with two part time members of staff in employment supporting our client working on a full time basis.
Bargain Booze has traded solidly during the last twenty years. We are advised that the business currently has annual turnover of £546,000 with gross profit of £76,440. The split in the turnover is - Payzone £100 weekly, Lottery £300 weekly, Cigarettes £1,500 weekly, Alcohol £8,000 weekly, News papers £500 weekly and Groceries £500 weekly. Full financial details are available upon viewing.
The rateable value is £1,200. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business is long established and has a good base of regular customers in addition to a superb trading position that brings passing trade. There is plenty of scope to develop the business further with the expansion of shop space as mentioned above. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £54,995.
Please quote ref: 6439