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Business The business has been a part of the local community from the 1960’s and is well established with many regular customers. The vendor has owned the business for 18 months and is selling reluctantly only to pursue other business interests.
The business sells newspapers and magazines, wines beers and spirits, tobacco products, general groceries and confectionery. There is a Payzone terminal and the business also acts as an agent for “Pass my Parcel”.
Scope to improve
Extend the opening hours
Advertising and marketing campaign
Maximise the use of social media
location Faz Off Licence and News is located in Gloucester, Gloucestershire.
The business is prominently situated on a busy main road and is surrounded by a mix of all types of housing and alongside complimentary businesses.
Gloucester is a city and district in Southwest England and lies close to the Welsh border, on the River Severn between the Cotswolds to the east and the Forest of Dean to the southwest.
Gloucester is served by the M5 motorway which runs to the east of the city. Junction 11a serves central Gloucester and junction 11 serves north Gloucester. The A38 runs north-south through the city connecting the city with Tewkesbury and Bristol. The A40 runs west to east connecting Gloucester with Cheltenham to the east and the Forest of Dean and Monmouth to the west.
Gloucester railway station has frequent trains to London Paddington, Reading, Bristol, Cardiff Central, Nottingham and Birmingham. Buses are run by Stagecoach West operating from its depot on London road. Premises & equipment The business occupies the ground floor of a period building in a mid-terrace position. The shop is well signed and presented.
Manual security shutters to front, generously proportioned shop with windows and glazed door to front creating a light airy interior. On entry is the counter with till, Payzone terminal and wrapping area, with cigarette gantry behind. The retail space has suspended ceiling with concealed lighting, air conditioning, tiled floor,
Shop equipment: -
2x single glass fronted drinks chillers
2x double glass fronted drinks chillers
Open dairy chiller
3x glass topped food freezers
Central shelving gondolas
Newspaper and magazine racking
To the rear of the shop is a good-sized kitchen/ staff room with a range of base and wall units topped with a generous run of worktop, stainless steel sink and drainer with a Triton water heater.
There are two large stockrooms to the rear of the kitchen with lighting and perimeter shelving and door to a passageway which is shared with the tenants of the flats above. The flats are not included in the sale.
The premises are alarmed. Tenure We are advised the business is being sold as a Leasehold opportunity.
Original term: 6 years
Left on lease: Over 4 years, as of 2017.
Rent is £6,600 per annum.
There are no problems with the landlord.
We are advised that the business rates payable are in the region of £70 for the entire year. Hours Monday to Sunday: 10am – 6pm
The owner has been running at a pace to suit. The business would benefit from longer trading hours. Staff The business is run and managed by one full time member of staff. Financial profile The business currently generates a turnover of approximately £104,000 per annum. Extra notes Reasons to buy
Priced to sell
Well established business with many existing customers
Real opportunity to increase turnover significantly, owner has been running at a pace to suit
Possibility of renting a flat above the premises if required by a new purchaser
Minimal running costs with low rent and business rates
Ideal owner managed or husband and wife business
What Zoopla users think of Gloucester
currently 3.5 stars
Good - 69%
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
Contact Hilton Smythe Commercial about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.