Retail Property (high street) for sale

The Tap - Racecommon Road, 40-42 Racecommon Road, Barnsley, South Yorkshire, S70 6AF

Under Offer £80,000

Property Description

Commercial information

  • Business for sale

Key features

  • Av. weekly sales c. 11,000 at 20% + margins
  • Fully management & staff run operation
  • Proven trading location/Lotto & PayPoint
  • 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 on the edge of Barnsley town centre, the store overlooks Racecommon Road, in a well populated residential area close to its junction with the A628 at the Townend roundabout junction. Barnsley is a large town in South Yorkshire which is easily accessed via junction 37 of the M1 and lies approximately 22 miles South of Leeds and 16 miles North of Sheffield.

Internal Details

An "L" shaped corner unit trading as an off licence shop with perimeter shelving and multi-pack pallet displays. The store provides Lotto and Pay Point services and sells tobacco products.

There is a stock room and staff facilities in the ancillary areas. The property is a lock-up ground floor unit only.

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 property is currently held on a 15 year lease which commenced in August 2014 with a passing rent of £13,000 per annum for the ground floor lock up unit.

A copy of the lease will be made available to interested parties.

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 interest parties.

TUPE regulations apply to the transfer of all staff.

Trading Information

A 52 week management profit and loss account for the Racecommon store to 5th September 2018 shows a turnover of £568,554 with a gross profit of £108,642 and a net profit of £36,314.

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

Trading Hours

Monday to Saturday - 10am - 10pm
Sunday - 12noon - 10pm

Business Rates

The current rateable value is £12,000.

Purchasers should check with the relevant local authority regarding actual rates payable.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Barnsley (0.5 mi)
  • Dodworth (1.8 mi)
  • Darton (3.2 mi)
Distances are straight line measurements from centre of postcode

Floorplans

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Master Floorplan Image
Master Floorplan Image

Map & Street View

Nearest stations

  • Barnsley (0.5 mi)
  • Dodworth (1.8 mi)
  • Darton (3.2 mi)
Distances are straight line measurements from centre of postcode

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