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Popular Wine Shop in Leigh on Sea For Sale

Southend-on-Sea, Essex

  • Asking Price: £16,000 +SAV
  • Turnover: The business generates a turnover in the region of £63,000 per annum, with a gross profit of approximately 33%.
  • Tenure: Leasehold

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We are advised stock at valuation is worth in the region of an impressive £16,000. Hilton Smythe is delighted to welcome to the market this well-established and popular specialist wine shop business in Leigh-on-Sea, Essex. The business was established by our client in 2009 and is only now being offered to the market due to our clients desire to relocate. The business operates 5 days per week and generates a turnover in the region of £63,000 per annum, with a gross profit of approximately 33%. The business is a specialist wine shop and the current owner has carefully hand-picked a collection of 80 wines from around the world that represent some of the very finest examples priced between £9 and £30. Furthermore the shop also stocks (i) ales from local microbreweries, national independent breweries and world beers. (ii) Premium whiskeys, brandies, vodkas & gins of a calibre that cannot be found elsewhere on the high street and (iii) hand rolled Cuban cigars. Sales comprise 70% wine / 15% ale / 15% spirits & Cuban cigars. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations. We feel the turnover could be increased by extending the opening hours, perhaps by opening the shop on Mondays. A new owner could also upgrade the current website to offer online ordering facilities or offer wine tasting events. This is an excellent opportunity for a new owner to take this popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

The business is owner run and managed.

The business is open: Monday: ClosedTuesday – Thursday: 11.00am – 7.00pmFriday – Saturday: 11.00am – 9.00pmSunday: Closed The property is licenced to sell alcohol between 9.00am – 9.00pm and 24 hr internet sales.

This specialist wine shop occupies substantial two-storey premises, ideally located within the popular town of Leigh-on-Sea, Essex. The property is situated within a parade of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The area is surrounded by densely populated residential areas, from which the business derives much of its trade. The business further benefits from on-street parking facilities to the front of the premises. Leigh-on-Sea, also referred to as Leigh, is a civil parish and a district of Southend-on-Sea, Essex. The town is situated on the northern side of the River Thames, only a few miles from the North Sea to the east and a similar distance from the Kent coast to the south. The town is host to several annual events including the Leigh Regatta and The Leigh Folk Festival. The area of the business is well served by the public transport service, with bus stops within easy walking distance of the property. Leigh-on-Sea railway station is just over half a mile away. The area is also served by the A-roads, with the A127 being within easy driving distance, which links to the national A-road and motorway networks. Southend-on-Sea is approximately 3 miles away and Basildon is 10 miles away.

Substantial two-storey premises in a prime trading location, briefly comprising: Ground floor: Main sales and display area with: Easy clean flooring.Spotlights and mood lighting.Bespoke racking and shelving to perimeter walls.Large double door drink chiller unit.Bespoke serve over counter with electronic cash register, credit/debit card payment facilities and CCTV monitor. Office area, which is curtained off with door to rear yard.Stairs to first floor. First floor with: Two good size rooms, which are currently used for stock with racking and shelving. External: Small garden, which is also licenced for the consumption of alcohol with table and chairs.Parking space to the rear of the property. Equipment included: CCTV system.Alarm system.

Tenure
We are advised Leasehold: Original lease length: 4 years.The lease is renewable and due to expire March 2018Review every: 4 yearsRent: £8,500 per annum

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