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Well fitted FRANCHISED OFF LICENCE
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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
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Location |
Situated in a High St parade, residential area, Milton Keynes
(Please register to make appointments and view addresses) |
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Features |
Modern double fronted shop front to spacious Sale Shop approx. 750 sq. ft. sales area with ceramic tiled floor, counter, EPOS scanning system with 2 tills, 2 upright open fronted display fridges, 3 upright double door fridges, modern shelving etc. external electric shutters. CCTV system, 2 monitors plus video recording. Under floor safe.
* 1 Stockroom, c 300sqft.
* Staff cloakroom with 2 w.c. and wash hand basins
Franchise:
The off licence trades as a Bargain Booze. A purchaser wishing to continue as a franchisee will need to enter into a franchise agreement with Bargain Booze. The franchise fee (£825) is payable twice yearly. All alcohol, cigarettes confectionery and snacks are purchased from Bargain Booze and are ordered and delivered twice weekly on 3 weeks credit.
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Turnover |
The business commenced trading in September 2003. We are informed the turnover averages £18,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 11.9%. There is scope to convert the store into a convenience store under a Bargain Booze or independent banner.
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Staff |
The business is operated under management with 2 full time plus part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
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Opening
Hours |
Monday - Saturday inclusive - 10 a.m. - 9 p.m.
Sunday opening - 12 noon - 8 p.m.
Opening hours can be increased
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Outside |
Delivery access at rear and 1 parking space.
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Tenure |
We understand the premises are held on a secure renewable lease, renewable in September 2013 at a rental of £21,850 p.a, reviewable in 2009.
Uniform Business Rates: £6,930 p.a. water rates (metered)
RECOMMENDED FOR EARLY INSPECTION
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Price |
To include the secure lease, goodwill, fixtures and fittings £160,000 plus stock at valuation (£28,000 approx), 4 weeks credit given on opening stock.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Reference
: C7072
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