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Retail premises for sale

£12,000

220 Barton St, Gloucester GL1

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Property description

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

Lottery machine

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.

Shop

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

Perimeter shelving

Central shelving gondolas

Newspaper and magazine racking

Kitchen

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

Overall rating:

  • currently 3.5 stars
Good - 70% (81 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Gloucester (0.5 miles)
  • Cheltenham Spa (6.3 miles)
  • Stroud (Gloucs) (7.9 miles)
  • Bristol Airport (39.0 miles)
  • Birmingham International Airport (46.0 miles)
  • Coventry Airport (47.7 miles)
  • Sharpness Old Docks (14.1 miles)
  • Lydney Harbour (15.6 miles)
  • Bristol Docks Ferry Landing (31.8 miles)

Nearby schools

View all schools in Gloucester
  • Al-Ashraf Primary School (0.1 miles)
  • St James Church of England Junior School (0.1 miles)
  • Widden Primary School (0.3 miles)
  • Hartpury College (4.6 miles)
  • Gloucestershire College (5.8 miles)
  • Dean Close School (5.9 miles)
  • Al-Ashraf Secondary School for Girls (0.2 miles)
  • Focus School - Gloucester Campus (0.7 miles)
  • Edward Jenner School (0.8 miles)
Note: Distances are straight line measurements

Local info for Gloucester

About the neighbours in GL1

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

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.

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