Detached house for sale in Stoke-on-Trent ST7, 2 Bedroom

Reference - 46299

Description
This is an excellent opportunity to purchase a well established and heavily relied upon Bargain Booze Plus Off Licence franchise, which is located in the popular town of Alsager, Stoke on Trent.

The store is ideally located at the heart of a densely populated residential area with no direct competition. Therefore, the business attracts high levels of both regular local and passing trade throughout the day.

Having been in present ownership since 2000, this well known business has forged strong relationships with the local community boasting an extensive and loyal customer base.

The single fronted shop premises provides a deceptively spacious ground floor lock up retail space, which is well appointed creating a welcoming environment.

The store has a good range of fixtures and fittings, including a two point epos bar code scanning and stock re-ordering system, CCTV, air conditioning and ample refrigeration.

This Bargain Booze Plus store retails an extensive range of confectionary, tobacco products, traditional beers, wines, spirits, soft drinks, toiletries, dairy products etc, as well as offering the National Lottery and Payzone.

The Bargain Booze franchise offers continuous training and market support, together with keen prices and weekly stock deliveries and this is one of over 600 outlets throughout Lancashire, Cheshire, Merseyside, Cumbria, Staffordshire, Shropshire and Yorkshire.

This is a successful business demonstrating healthy audited trading profits, yet still offers genuine scope for improvement. The business therefore represents a fantastic acquisition for an energetic first time buyer who can build on the solid foundations and enjoy the financial rewards generated quite literally on a daily basis.

To fully appreciate this excellent business opportunity, a viewing is highly recommended to avoid disappointment.

Sales
Lotto
Weekly lottery sales approximate to £1,000.

Payzone
Weekly payzone sales approximate £75.

Accounts
Available accounts are to year end 31st March and are summarised below;

2017
Sales - £668,337
Gross Profit - £88,511

Trading Hours
Monday – Sunday 09:00 – 21:00

Staff
The store is managed by the owners with 6 part time members of staff.

Building External
The single fronted shop premises offers deceptively spacious and versatile ground floor lock up business accommodation.

The business is well fitted with a range of good quality equipment and fitments, including a two point epos bar code scanning and stock re-ordering system, air conditioning, CCTV and ample refrigeration.

To the rear there are is a stockroom and a staff toilet.

Externally there is customer parking to the front of the property.

Building Internal
There is a two bedroom flat above the trading area, which has benefited from a new kitchen and bathroom suite as of 2018. There is also a good sized rear garden complete with a garage. There is ample room to extend the building and we are advised that planning permission would easily be obtained.

Residential Accommodation
There is a two bedroom flat above the trading area, which has benefited from a new kitchen and bathroom suite as of 2018. There is also a good sized rear garden complete with a garage. There is ample room to extend the building and we are advised that planning permission would easily be obtained.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2012. The annual rent is £7,200 exclusive (correct as advised on 02/05/18). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is an excellent opportunity to purchase a successful and lucrative business with a bright future. To avoid disappointment, a viewing is highly recommended.

Share Sale
The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company. The sale price quoted above is based on the assumption that:

A) the assets, liabilities and net assets of the company will be approximately the same as in the most recently published balance sheet. Any rise or fall in the net assets since publication will be in addition to the agreed sale price.

B) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any normal trade creditors.

C) the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.

D) the vendor will collect all debtors and pay off all creditors of the company on or before completion, after which any credit balance (including any amount for stock) will be added to the agreed sale price.
Most common used :
E) on or before completion, the vendor will have withdrawn all cash from the company and paid off all bank debts and any money owed to the Inland Revenue, but not any trade creditors; the quoted sale price does not include the stock in the business, the value of which, following a stock-take, will be added to the agreed sale price.

F) the quoted sale price does not include the net assets of the company, so the final price will therefore need to be increased by an amount equivalent to their value on completion.