Ref 6594 – Leasehold Specialist Spirits & Wine Retailer Blacks Brokers are pleased to bring to the market this leasehold specialist spirits and wine retailer located in a busy and highly sought after area of Knaresborough, North Yorkshire. Introduction
The Wine Shop has been trading within Market Place since 2010. Our client established the business to meet local demand for a specialist spirit and wine retailer in this area. Trading positions within Market Place are in high demand, our client worked hard to secure this position. The Wine Shop stocks a wide range of wines, spirits and beers and our client has developed a comprehensive website and partnerships with online retailers including Amazon. The business has quickly become a well known and highly reputable retailer within this area, with excellent online reviews noted on both Facebook and Google. Location
Market Square is the heart of Knaresborough town centre and is popular with tourists all year round. The town is also densely populated, and the business has a large base of local customers. Other local businesses include a range of independent retailers, gift shops and so on as well as large multiples including Boots, Caffè Nero, Tesco and more. The area is well linked by the A1 and A59 with excellent public transport links and parking is available within a short distance of the shop. Reason for sale
The business is ideally suited to a hands-on owner-operator but our client is now looking to retire. Therefore, the business is offered for sale and 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 rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is five years and began in 2015 at a cost of £298 per week. Staff
The business is currently operating with our client only working on a full time basis. Financial details
The Wine Shop has traded solidly since 2010. The accounts for year ending 2018 show annual turnover of £287,687 with a gross profit of £61,009. 10% of business is generated via the business website and Amazon sales channel. Full financial details are available upon viewing. Business rates
The rateable value is £5,800. Purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This leasehold business occupies a prominent and enviable trading position within a busy area of Knaresborough town centre. Our client has ensured the business has a base of regular customers and a superb reputation. There is plenty of scope to develop the business further with the introduction of new opening hours and a strong marketing campaign. Our client has never done any form of advertising. There is also potential to develop the online and social media presence and boost online sales channels further. 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: £18,000.
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