Retail premises for sale in Bury, England, United Kingdom BL8

Ref 7849 – Leasehold Off Licence
Blacks Brokers are pleased to bring to the market this leasehold off licence located in Bury, Greater Manchester.

Introduction

The Local was established by our client and has recently been refitted, previously trading as a Bargain Booze. The shop is extremely well known and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent main road trading position. Our client has ensured the business has an excellent reputation and offers a wide range of beers, wines, spirits and cider along with Lottery/Payzone and are Hermes parcels agents..

Location

The local occupies a prominent trading position on a busy main road. The area is densely populated residentially and commercially with many independent neighbouring businesses. The business has good public transport links and parking is available in the immediate area.

Reason for sale

The business is ideally suited to a hands-on owner-operator but due to one of our client's retirement plans and the other owners having other business interests, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a Full Repair and Insure lease (Fri) this is the most common form of commercial lease. The building is currently on a monthly rolling agreement at a cost of £311 per week. The upstairs flat is sublet at a cost of £127 per week meaning that the total rent payable is only £185 per week.

Staff

The business operates with five employees including a manager. The owners are not currently involved in the day to day running of the business.

Financial details

The Local has traded solidly since opening and our client has established a strong customer base. The accounts year end 30th June 2021 show that the business has an annual turnover of £707,787. The business is also a Hermes parcels agent. Full financial information can be made available after viewing.

Business rates

The business has a rateable value of £9,400. Purchasers should enquire with relevant local authorities as to the rates payable.

Summary

This well placed off licence is well established and shows impressive takings on a consistent basis. The business supports the income generated from the off licence, Payzone and Lottery facilities. The business has an impeccable trading history and therefore early viewings are strongly advised. Business: £135,000.

Please quote ref: 7849