Hilton Smythe welcomes to the market the very busy, large and well stocked Off Licence and General Store known as Eurofoods. Our client is selling to pursue other interests.
This excellent family business has been owned by our client since 2002 following the conversion of a previous business on site.
Eurofoods sells wines, beers and spirits, crisps, confectionery, tobacco, cigarettes, cold soft drinks, cold sandwiches, frozen goods, ice creams, household items, groceries and other sundry items.
The store also has PayPoint, internal atm and full National Lottery facilities.
The business is Class A1 licensed. The owner advises that a Hot Food Class A5 Licence could be obtained if required.
The business has massive potential to expand even further if the alcohol licence were to be used on a 24-hour basis (closing time Thursday to Saturday is presently 2am) and a hot food Licence were to be obtained.
The shop has good retail units and shelving, maintained to a high standard. The fittings and decor are also of a good standard.
The business has an excellent reputation with a high level of repeat customers.
The first floor of the premises and large cellar are presently used as stock rooms; potential for other uses.
Turnover could easily be at least doubled.
The asking price has been dramatically reduced to promote an early sale.
This is a tremendous opportunity for a new owner to buy and develop a very busy and profitable Off Licence and General Store with genuine further potential. This is a bargain not to be missed, Hilton Smythe highly advise early viewing.
This very busy Off Licence and General Store is located on Alexandra Road in the Hyde Park/ Woodhouse district of Leeds.
The area is densely populated with a mix of private residences, commercial properties and student accommodation.
There is free street car parking to the front and in the area.
Premises & equipment
The profitable business is on the ground floor of a detached property, with a busy road to the front and residential streets to both sides. The shop is accessed from the left corner and has good signage, clearly visible to passing trade.
The sales counter is at the right of the shop with quality fridges, freezers, sales units and shelving displaying the good range of items for sale in 2 main retail areas.
There is a large cellar and first floor room used for storage. A toilet with facilities is also on the first floor. An internal and hidden entrance leads to the large cellar/stock room. Internal stairs lead to the stock room and toilet on the first floor.
The sale includes the shop counter, an epos till (not presently used), chiller, 3 multi deck fridges, 2 freezers, ice cream freezer, shelves, retail units, cigarette cupboard, electric shutters and CCTV.
Our client values these assets at approximately £20,000.
We are advised that the premises are held under a Lease.
8 years remain as of 2017.
Rent of £635 per month.
The Landlord is Leeds City Council.
10am to 12 midnight Monday to Wednesday and Sunday.
Closing time is 2am Thursday, Friday and Saturday.
The business is run by the owners with the help of 4 part time assistants.
Staff costs vary.
We are advised that the 2017 accounts will show a turnover at circa £375,000, with a gross profit of 25%.
The premises are business rates exempt.
Stock is approximately £30,000.