Status: Completed
Tenure: Leasehold
Leasehold Rent: £8,400 per annum
Turnover: £165,070
Fully Stocked Convenience Store Close To Town CentreFully Stocked Convenience Store Close To Town CentreFully Stocked Convenience Store Close To Town Centre
£25,000 + SAV

Fully Stocked Convenience Store Close To Town Centre

Completed
  • Reference: 2738
  • Location: Wigan, Greater Manchester
Hilton Smythe are delighted to welcome to the market Discount Booze a well-established business. Our client took over the store 5 years ago, and it has been a great success.

We are advised the turnover for the business is around £165,000 per annum. This is a fantastic turnover, however we do believe this could be increased by the new owner. Our client currently employs a full time manager with a wage bill of £18,000 per annum. This opportunity would suit a husband and wife team, with an immediate saving on the wage bill.

The new owner could look into opening the business earlier and also by taking advantage of the 11pm licence. We believe that the business could also be turned into a full off licence, the property originally traded as a Threashers wine shop; this could easily be looked into. The main source of income is derived from the sales of wines, spirits, beers and cigarettes this accounts for 70% of turnover. Proof of how well the change to off licence could be.

Our client is now looking to sell the business due to other business interests. We are advised that the property received a refit around 4 years ago this included, suspended ceiling with air conditioning, shelving, new flooring, refrigerating equipment also recently an energy saving lighting system was installed.

This is the perfect turnkey opportunity for anyone looking to run a newsagents or off licence. We highly advise early viewing for this highly profitable and attractive business in such a fantastic location.

TENURE

We are advised that the business is Leasehold
New lease available
Rent £8,400 per annum

HOURS

Business opening times-

Monday-Sunday: 11:30am-10pm

STAFF

The business is managed by one full time member of staff, wage bill is £18,000 per annum.

FINANCIAL PROFILE

We are advised the turnover for the business is around £165,000 per annum.
Discount Booze is situated in the town of Wigan, Greater Manchester. The business is set on a housing estate which is heavily populated. The store derives most of its trade from the locals, and benefits from the location.

Set on Mesnes Road which acquires a large amount of footfall, the business receives a lot of custom from passing trade. This road is just off the highly used A49 Wigan Lane, the A road is a connection to Wigan town centre and Standish leading further on to Ormskirk.

In the area is an abundance of other retail stores, including an estate agents, hair dressers and other convenience stores. In the area is a mixture of private and council property. The business benefits from free on street parking facilities to the front and side of the property.

The business is well served by the public transport system with several bus stops within easy walking distance of the property. The area is a very popular and highly desirable sought after residential area, with the close proximity to Wigan town centre.
The property is set on the corner of Mesnes Road, and comes with a forecourt used for parking, there is also plenty of on street parking surrounding the business. The front of the property is well signed and clearly visible to passing trade.

The main shop area is very long and open with a bright feel. All stock is well presented. The counter is 15 foot and has shelving on the sides for crisps and other confectionary. Behind the counter is the cigarette gantry and spirits.

The shop has a full length chiller for the sale of cold drinks. All around the perimeter of the area is shelving storing all stock on offer.

Equipment included in sale-
3x Deck ice cream freezer
1x Upright display freezer
12 foot open fronted drinks display chiller
Double door dairy chiller
Electric till

To the back of the property is the stock room, this has a Stannah lift with 240kg capacity for carrying stock up to the first floor, this has access to the side drive. There is 2 stock rooms, separate toilet with a wash hand basin.