Please Quote Reference B05844
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Bath Wines which is a well-established Off Licence and general stores with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been an Off-Licence business at these premises for over 20 years. The current owner has run it as Bath Wines for the last 6 years or so. The business has been a real labour of love for him accruing many regular customers and a burgeoning reputation whilst under his ownership.
This nice little business is now being sold albeit reluctantly and with a heavy heart only due to the vendors poor health, he is keen to see his beloved Off Licence pass to an ambitious and entrepreneurial new owner who can take it to the next level.
Bath wines is well stocked and offers a range of products including:
- Beers, ciders, wines and spirits.
- Soft drinks.
- General groceries.
- Crisps and snacks.
- Cigarettes and vaping products.
- Ice creams.
The business has an impressive number of regular customers, many of whom are known on a first name basis by the owner who is a popular and well-respected member of the local community.
Scope to improve:
- Advertising and marketing campaign, a leaflet drop always yields good results.
- Maximise the use of social media.
- Website to extol products and services offered.
- Extend the opening hours.
- Review the range of products stocked.
Reasons to Buy:
- A well-established business with an enviable reputation and many existing customers.
- Prime trading position on a busy main road with free parking.
- Low running costs with inexpensive rent and no business rates.
- A real opportunity to increase turnover and profits significantly, current owner been running at a pace to suit due to poor health.
- Ideal owner managed or partnership business.
- Would be suitable for an inexperienced operator looking for their first foray into self-employment.
- Current owner happy to offer a handover to ensure the continued success.
Hilton Smythe highly advise early viewing to avoid disappointment.
This great little business is likely to attract considerable interest.Location
Bath Wines is in Worcester.
Worcester is a cathedral city in Worcestershire, 30 miles southwest of Birmingham, 101 miles west-northwest of London, 27 miles north of Gloucester and 23 miles northeast of Hereford. The population is approximately 100,000.
The M5 motorway runs north-south immediately to the east of the city and is accessed by Junction 6 (Worcester North) and Junction 7 (Worcester South). This make the city easily accessible by car to most parts of the country, including London which is only 118 miles using the A44 via the Cotswolds and M40.
Bath Wines is situated in a small but unusually busy shopping parade on the Bath Road which is one of the major arterial roads into Worcester city centre. The business sits alongside other complimentary retail businesses such as a pharmacy, dog groomers and barbers’ shop and thus benefits from high levels of footfall and passing along with regular custom.
The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free off-street parking immediately outside the premises and further on street parking in the roads and streets surrounding the premises.Premises
Bath Wines is nicely presented and maintained, occupies the ground floor of an inner terraced retail shop and briefly comprises:Shop;
Double fronted with windows and glazed door to front creating a light, airy and inviting interior, nicely proportioned shop with wood effect flooring, suspended ceiling with concealed LED lighting, perimeter shelving, long open drinks chiller, glass fronted upright freezer, freestanding hanging sweet display, ample floor space for bulk displays, long bespoke counter with generous wrapping area, cigarette gantry and spirits shelving behind, metal crisps and snacks racking.Rear Kitchen;
With base units, space for fridge and microwave, stainless steel sink and drainer.WC;
With close coupled toilet and hand wash basin.Tenure
We are advised that Bath Wines is being sold as a leasehold business opportunity.
The existing lease has approximately 5 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £7800 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
We are further advised that the annual electricity costs are approximately £3120, the water costs are approximately £280 per annum and the broadband costs are currently £444 per annum.Hours
Monday to Sunday: 12.00 – 21.00Staff
The business is run and managed by our client.Financial Profile
Bath Wines generates an advised current turnover of circa £141,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit due to health issues and has enjoyed a turnover in excess of £312,000 per annum previously.
An experienced operator should expect to see the turnover increase significantly after a relatively short time. For further information please reference B05844.