Blacks Brokers are delighted to bring to the market this leasehold off licence retail business trading on this busy main road in Liverpool, Merseyside. Introduction
Derby Wines has been trading on this busy main road since 2015 previously the business was operated for over two decades under a different trading name. Our clients acquired the business in 2015 and instigated the name change and then continued to run the business. The business occupies the ground floor of this mid terraced building on the A5049 with the Liverpool fc Stadium just minutes away attracting huge footfall. The business has now reached a point where it has out grown our client’s requirements and is now available for sale. Location
The business is located at a busy junction of West Derby road (A5049) and Oakfield Road (A5089) just minutes away from Anfield Football Stadium the of Liverpool F.C. Since 1892 and the sixth largest football stadium in England attracted large traffic volumes making this location particularly desirable. Also there are plenty of hotels and guest houses bringing in further footfall. Reason for sale
Our client has successfully operated this business since 2015 and is now seeking a new career path and therefore this has created an optimal opportunity for new owner to acquire this lucrative business. 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 10 years with rent reviews every 5. The current lease began in 2015 at a cost of £92 per week. Building layout and design
Externally the building sits well in this small parade of shops in a mid-terraced unit. The building does offer living accommodation on floors one and two but is not included in the lease of this proposition. The building is at a pedestrian crossing in this busy area. Once inside the layout is straightforward. A rectangular sales floor with the added benefit or anti-attack glass allowing the business to be operated with minimum staffing levels. To the rear of the building there are toilet facilities and a cellar for additional storage. Staff
The business is staffed by family and as such will have no transferrable staff. Our client is active within the business on a full time basis and is supported by one other family member on a part time only basis. Financial details
Our client has informed us that as at 2017 the turnover of the business was £165,000 providing a gross profit figure of 23% or £37,950. Full accounts will be available for inspection. Business rates
The current rateable value as at 1st April 2017 is £3,700 per annum but our client benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This is an exciting opportunity to acquire a leasehold off licence that is located on a busy junction on West Derby Road in Liverpool. The business is profitable with extremely low running costs that provides an exceptional opportunity for a hands-on owner operator to acquire the business and explore some of the exceptional additional trading opportunities that are available such as increasing opening hours or simply employing a key holder who could operate the business unsupervised due to the anti-attack fitments. The location offers footfall due to its position on this main road and therefore this is an exciting and lucrative proposition for a new owner. Business: £35,000.
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