Blacks Brokers are delighted to bring to the market this outstanding opportunity to purchase a superb Bargain Booze store that trades from High Street in Porthmadog, Gywnedd.
This profitable store is currently owned by Bargain Booze themselves and therefore offers an attractive proposition for a new owner to enjoy. As one would expect, this store has an excellent trading position within a parade of shops that benefits from being on a central high street with free roadside parking.
The business enjoys regular and loyal trade from the local community together with a good deal of passing trade.
This mid-terraced retail store comprises of a modernised sales area which is light and airy creating a welcoming environment together with a store room, office and toilet facilities. This store has no living accommodation.
Prior to 2016, the store was franchisee-owned until December 2015 and had an annual turnover of £651,444 excluding VAT (confirm) for the last full year of trading in 2014/15. Bargain Booze have since bought back the store and it reopened in April 2016. The weekly turnover continues to rise and is currently around £6,700 excluding VAT. Again, as this store is currently owned by Bargain Booze themselves, it offers great flexibility for the owner to enjoy the benefit of running the store under Management, ideal for a buyer with an existing portfolio of retail outlets.
The store, like all Bargain Booze stores, is fitted out to an exceptionally high standard with excellent equipment and fittings. At the heart of the store is the epos bar code scanning and stock re-ordering system. This State of the Art stock control system allows every piece of sales information from this store to be downloaded to Head Office every night, effectively making Head Office the ‘back office’ of this store, meaning less paperwork for the owner allowing more efficiency and time dedicated to selling the product. The new owner will receive total support with every type of information you could possibly need to run an effective and profitable business. Along with the Epos system is a CCTV monitoring system and a superb range of modern refrigeration units.
This store would appeal to a new owner due to its location close to a multitude of independent shops and nationals, including banks. More specifically, the premises is opposite hsbc & Post Office and is close to the busy junction of High Street, Bank Place and Snowden Street.
This store is part of an extensive network of approximately 600 stores throughout the country and is one of the fastest growing retail groups in the UK. To assist in the handover process and ongoing development of the store, Bargain Booze provide full training on the tills and Epos system along with a dedicated Brand support manager who will make regular visits to the store to help maximise the profitability of the store. As with all the stores in the group, an industry leading delivery service is also provided.
Bargain Booze has identified that with some additional investment a new owner would be able to fully the exploit this outstanding opportunity to substantially increase turnover.
It is rare that company owned stores actually become available on the open market therefore we strongly advise early viewings as a speedy completion is anticipated.
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