Retail Property (high street) for sale

The Tap - South Elmsall, 43 Barnsley Road, South Elmsall, Pontefract, West Yorkshire, WF9 2RN

Under Offer £70,000

Property Description

Commercial information

  • Business for sale

Key features

  • Ave weekly sales c. 10,500 at 20% + margins
  • Fully managed and staff run operation
  • Proven trading location, no services
  • Genuine scope to widen product mix
  • Opportunity to grow with 'hands on' approach
  • Potential to acquire 2 further branded sites nearby. Energy Rating C

Full description

Tenure: Leasehold

Description

This store forms part of a small chain of three operating in the region as managed off licences, branded “The Tap” and is available to purchase separately or as part of the group.

The Tap was established in 2014 by our client. The stores now operate from two locations in Barnsley and one in South Elmsall, around 12 miles to the east of Barnsley.

Location

Located along the busy main shopping street of South Elmsall alongside a wide variety of neighbouring independent and multiple retailers, banks, cafes and public houses.

South Elmsall is a large village in between Barnsley and Pontefract. It can be easily accessed from the A1(M) at junction 38 around five miles to the east.

Internal Details

A large open plan “warehouse” style unit trading as an off licence shop with perimeter shelving and multi-pack pallet displays.

The store does not offer Lottery or Pay Point services and has ample room to increase the trading area and introduce new lines.

There is a stock room and staff facilities in the ancillary areas.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Tenure Details

The business is available by negotiation of a new lease although our client may consider a freehold sale of the business and property.

Other Property

The store occupies the ground floor of a large end of terrace building. Our client informs us that there are two self contained flats above the store with separate entrances which are almost ready for occupation.

We have not inspected the upper parts.
The flats could be leased by separate negotiation

The Opportunity

Our client is looking to sell the retail stores to further concentrate on their established wholesale business.

This provides a rare opportunity for a prospective purchaser to acquire a ready made, profitable and fully managed group of off licence’s that have scope to grow the convenience offer and to introduce new retail trends such as premium spirits and craft beer.

Staff

The Tap stores are run fully under management with staff and the owner plays no operational part in the day to day running of stores. A full staff rota will be made available to interested parties.

TUPE regulations apply to the transfer of all staff.

Trading Information

A 52 week management profit and loss account for the South Elmsall store to 5th September 2018 shows turnover of £559,539, a gross profit of £115,727 and a net profit of £56,323.

Only after a viewing will full trading information be available by request to the agent

Trading Hours

Monday to Thursday - 10am - 8pm
Friday & Saturday - 10am - 9pm
Sunday - 12noon - 8pm

Business Rates

The current rateable value is £15,000. Purchasers should check with the relevant local authority regarding actual rates payable.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • South Elmsall (0.2 mi)
  • Moorthorpe (0.6 mi)
  • Thurnscoe (3.5 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • South Elmsall (0.2 mi)
  • Moorthorpe (0.6 mi)
  • Thurnscoe (3.5 mi)
Distances are straight line measurements from centre of postcode

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