Ref 6806 – Leasehold Off Licence Blacks Brokers are pleased to bring to the market this leasehold off licence located in a busy residential area of Crewe, Cheshire. Introduction
Jd’s Off Licence has been trading on Coleridge Way since 2000. Our client took ownership of the business in 2014 and was impressed by the high amount of passing trade generated by the busy surrounding area. The shop is well known and has an excellent reputation with a large base of regular customers locally. Our client has introduced services including PayPoint and National Lottery. Location
The business is positioned on a busy road within a small parade of shops with parking immediately outside. This is a residential area close to the centre of Crewe and Manchester Metropolitan University Cheshire. Neighbouring businesses include a hair salon and tanning shop. The area is well linked by the M6 and A534 with good public transport links in place. Reason for sale
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes the business offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level. Lease
The building is available on a competitive rate on an Internal Repair Only lease (iro lease). The current lease is an eight year lease which began in 2014 at a cost of £163 per week. We are advised this is renewable if preferred. Building layout and design
Jd’s Off Licence operates from the ground floor of a spacious, end terraced property within a small parade of shops. The business is well branded with large signage displayed above a fully glazed frontage with central entrance. Inside, the main shop area is presented well and fitted with wall shelving, central gondolas, display fridges and freezers and much more. The till is positioned to the side and there is CCTV fitted throughout. The shop also has a full alarm system in place as well as air conditioning throughout and metal security shutters to the front. There is also a large stock room, toilet facilities and a kitchen area with staff rest room. Staff
The business is currently operating with two full time and two part members of staff in employment supporting our client also working on a full time basis. Financial details
Jd’s Off Licence has traded well for many years. Accounts for year ending 31st July 2018 show annual turnover of £389,331 with gross profit of £83,759. Full financial details are available upon viewing. Business rates
Purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This leasehold business occupies a superb trading position on a main road close to a densely populated residential area. There is plenty of scope to develop the business further with the introduction of additional product sales and potentially a delivery services aimed towards the high amount of student housing nearby. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £64,950.
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