| (REF: 1814) Successful Convenience Store In Bournemouth |
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| Seller Reference: |
1814 |
| B4S Reference: |
22036 |
| Asking Price: |
£55,000
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| Net Profit: |
£13,520 |
| Sales Revenue: |
£338,000 |
| Number of Staff: |
2 |
| Established For: |
3 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Bournemouth, Dorset, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £300,000 with a net profit of £13,520 (see financial summary below).
- A business with great potential which has not been exploited because the owner is currently travelling in from London to run the business.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this successful convenience store in Bournemouth which has been established since 2008. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to re-location.
Services
This very good business opportunity provides newspapers, magazines, groceries, confectionary, greeting cards, tobacco, wine beers, spirits, E-pay and mobile top-up.
Staffing
The concern employs two part-time members of staff.
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
As far as competition is concerned there is another similar business within the town centre area.
Market
The client base consists of local residents, office/retail sector workers and tourists.
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.
• Increasing the product line to include a wider range of wines and spirits.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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.
Property Details
The property is terraced, part of a parade of shops and is approximately 300 sq ft. The front is branded with an attractive glass front. There is a CCTV system in place. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present annual turnover is £338,000 with a gross profit of 20% and a net profit of £13,520. The wages are £8,824 pa. The present value of the stock is £12,000.
The potential turnover of the business within the next 2 years is forecast to reach £400,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 20 years with 18 years remaining. The rent is £9,000 pa with a review in 2011. The lease may be renewable or negotiable for longer term if required. |
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Current Rent: |
9,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the town centre area of Bournemouth in Dorset.
- Prominent location on main arterial road.
- Part of a parade of shops on a busy main road.
- Excellent parking facilities on the main road with multi-storey parking also available a short distance away.
- Surrounded by a 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 of central Bournemouth.
- Well linked with the A35 and B3064 (Bath Road).
- Bournemouth Beach, Poole Harbor and the New Forest all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
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As far as competition is concerned there is another similar business within the town centre area. |
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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.
• Increasing the product line to include a wider range of wines and spirits.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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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. |
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Owner now wishes to sell due to re-location. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Sunday: 8.00 am to 11.00 pm.
Friday and Saturday: Open 8.00am to 1.00am. |
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The concern employs two part-time members of staff. |
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