| (REF: 1799) Thriving Virtual Freehold Off Licence With Accommodation plus sav |
| |
| Seller Reference: |
1799 |
| B4S Reference: |
21889 |
| Asking Price: |
£269,000
|
| Net Profit: |
£50,000 |
| Sales Revenue: |
£468,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
30 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Birmingham, West Midlands County, United Kingdom |
| |
The particular highlights of the business are:
- A well established business.
- Excellent property investment.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £468,000 with a net profit of £50,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to pursue other business interests.
- An easily run operation.
- A good first time buyers business and ideal purchase for a partnership or a sole trader.
- A very long lease with only a small ground rent of £26 per annum.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides an off licence with snacks and confectionary. They also sell newspapers, magazines, general groceries ie milk, bread, frozen & chilled foods, household, toiletries etc.
- The business uses a top of the range tilling and scanning system.
- The business has a new high tech 8 camera CCTV system.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving off licence which has been established since 1980. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests. The business was a former Threshers and therefore has exceptional facilities and is a very large premises.
Services
This very good business opportunity provides alcohol with a large selection of wines, snacks and cigarettes. They also sell newspapers, magazines, general groceries ie milk, bread, frozen & chilled foods, household, toiletries etc.
Staffing
The concern employs no staff and is owner run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Lifestyle have surveyed the business and plans are afoot to concert the premises into a convenience store which is very much in demand.
• Increasing the opening hours to include mornings once the convenience products are in place.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £468,000 with a gross profit of 22% and a net profit of £50,000. The wages are £0. The present value of the stock is £25,000.
The potential turnover of the business within the next 2 years is forecast to reach £1 million pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
|
| |
Property: |
Freehold |
| |
| |
Lease Terms: |
The original length of the lease was 24 years with 23 years remaining. The ground rent is £13.50 pa with a review in 23 years. The rates are £700 pa. |
| |
| |
Current Rent: |
13.50pa |
| |
| |
Living Accommodation: |
Yes |
| |
| |
Details of Accommodation: |
On the first floor there is a 2 bedroom flat with a kitchen, bathroom and lounge. |
| |
| |
Location: |
- Situated in Kings Norton area of Birmingham in West Midlands.
- Prominent location on main arterial road.
- Excellent free parking facilities immediately outside and on courtyard.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area. |
| |
There is no local competition. |
| |
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Lifestyle have surveyed the business and plans are afoot to concert the premises into a convenience store which is very much in demand.
• Increasing the opening hours to include mornings once the convenience products are in place.
|
| |
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
| |
Owner wishes to sell due to other business interests. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday: 7.00am to 10.00pm
Sunday: 8.00 am – 9.00 pm |
| |
The concern employs no staff and is owner run. |
|
|
