Business Summary

Falcon Commercial are pleased to offer for sale this busy Off License which has been owned by our clients since 1998 and is reluctantly being placed on the market due to Ill health. Cheers Off-license offers a wide range of discounted wines, beers and spirits as well as confectionery, tobacco products and some groceries. It has a good trade in short date drinks. The business is run with the help of part time staff and enjoys a healthy turnover in the region of £450,000 per year with a gross profit of around 26%. Additional income is generated by wholesale sales which are currently approximately £100,000 with a gross profit of approximately 8%. We feel that there is huge potential to increase the turnover of this business by extending the opening hours from its current mid-day – 10.00pm and making it more of a convenience store and maybe offering News or Food to Go. Early viewing comes highly recommended.

We are advised that the business is being offered with the benefit of a new lease. The rent and term is to be agreed.

Premises Details

Cheers Off License is located on a highly visible corner position on one of the main roads that runs through Exeter with ample free on street parking outside. It benefits from Air conditioning, A Double Glazed Shop front and 7 camera CCTV system. The accommodation briefly comprises:

Main Sales Area with Carpet to the floor and a suspended ceiling. 3 glass fronted display chillers and 2 freezers. Counter area with 2 electronic cash registers
Store room with wooden shelving
2nd Store room
Toilet
Kitchen

Location

This high footfall Off License is located in a highly densely populated residential area of the Cathedral City of Exeter. There are a wealth of complimentary shops and business nearby as well as two schools and some excellent leisure facilities. The city is well known for its thriving commercial sector, University and Airport. Exeter has two main line railway stations and is located just off the M5 Motorway at junctions 29-31

Property Details