Convenience Store and Off Licence in Dorset For Sale in Weymouth- Business 4 Sale .co.uk

Business Summary

Preferred Commercial is delighted to offer for sale this busy convenience store and off licence business, which was established in 1960 and which has been in our client's hands since 2003. The business is only now being placed on the market due to our client's wish to retire. Portland Road Food & Wine generates a turnover in the region of £400,000 per annum with a gross profit of 35% derived from the sale of a range of convenience food items, household goods, alcohol, newspapers and cigarettes. A new owner could increase turnover by applying to become a Lotto outlet and by offering PayPoint facilities. The premises benefit from a self-contained 3-bedroom flat above, which could be used as owners' accommodation or rented out to generate further income. We feel this represents an ideal opportunity to acquire a busy convenience store and off licence in such a desirable area and with scope for further growth. Early viewing must come highly recommended.

Property Information

	Property:	Leasehold

	Lease Terms:	Leasehold Original length: 12 years Remaining: 12 years Review: every 3 years Rent: £25,000 per annum

	Current Rent:	£25,000 per annum

	Living Accommodation:	Yes

	Details of Accommodation:	Substantial brick-built, 2-storey premises with self-contained 3 bedroom accommodation above. Briefly comprising: Ground Floor • Main sales and display area, recently refurbished and fitted to suit trade with tiled floor, acoustic ceiling and diffused lighting, chilled beer display unit, chilled wine display unit, soft drinks chillers, shelving to walls and centre gondolas for household goods and groceries, newspaper racking, hardware display section, retail counter with 2 x electronic cash registers, card terminals, spirits display and cigarette gantry, CCTV system and air-conditioning. First Floor Self-contained living accommodation, briefly comprising: • Lounge • Kitchen with a range of fitted wall and base units • Family bathroom with shower over bath • 2 x double bedrooms • Single bedroom External • Roof terrace serving living accommodation with external staircase to rear garden • Large external store room to rear • Parking forecourt to front

	Location:	Portland Road Food & Wine is situated in a small parade of complementary shops and businesses on the busy A354, which is the main route through the area, linking Weymouth to Portland. The business is surrounded by an affluent and densely populated area from which it draws much trade. There is ample parking in the vicinity and there is a parking forecourt to the front of the parade. The business benefits from a high footfall and much passing trade from tourists visiting this popular destination on the south Dorset coast. The area is to host the sailing events for the 2012 Olympics, which will increase trade further.

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

Mon - Sun: 6.30am - 10.00pm

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