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Property Listing Details

Retail premises for sale

The Broadway, Woodford Green IG8

  • Sold subject to contract

£39,995

Description

Ref 5975 – Leasehold Wine & Spirit Retailer
Blacks Brokers are proud to bring to the market this leasehold wine and spirit retailer located in the ever popular and densely populated area of Woodford Green, London.
Introduction

Rs Wines & Off Licence has been trading on The Broadway for over 30 years, with our client in ownership since 2015 and over that time it has firmly established itself within the local community, it has a large and loyal customer base of locals in addition to an exceptional trading location ensuring plenty of passing trade.
Location

Located in Woodford Green, North East London, within the borough of Redbridge.The business is ideally positioned directly opposite Woodford Green Rail Station and ha sa high daily footfall from commuters.
Reason for sale

Rs Wines & Off Licence is only being offered for sale due to our client’s other business commitments and lack of time to run this shop.
Lease

The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 66 years and began in 2000 at a cost of £19,750 per annum.
Building layout and design

Rs Wines & Off Licence is housed within a spacious, mid-terraced unit within a very busy parade of shops and other businesses. The three-storey building is well presented with clear signage and branding on display externally.Inside, the main shop floor is large and attractive in presentation with wooden shelving in place and wooden flooring throughout. To the rear of the space is a store room, kitchenette and staff toilet. The lower ground floor is used as additional storage space.All areas are presented to a high standard with excellent quality fixtures and fittings in place.
Staff

Rs Wines & Off Licence is currently operating with one member of full-time staff in employment.
Financial details

Financial details are available upon a viewing of the business and rs Wines & Off Licence has traded solidly over its trading history. The business generates an annual turnover of £218,400 with gross profits of £87,360.
Summary

This is an excellent opportunity to purchase a very profitable specialist wine and spirit shop in a superb trading location in Woodford Green in North East London located directly opposite the rail station which brings a high daily footfall from commuters.The business offers a specialist range of wines and spirits, many of which are not available in other stores and supermarkets. This opportunity may be of great interest to a similar business looking for expansion into this area.Early viewings are strongly advised. Business: £39,995.

Please quote ref: 5975

Floorplan

No floorplan available

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Map

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Woodford Green Preparatory School 0.4 miles
  • Ray Lodge Primary School 0.5 miles
  • Woodford 0.1 miles
  • Roding Valley 0.8 miles

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Property descriptions and related information displayed on this page are marketing materials provided by Blacks Business Brokers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information.