| (REF: 1930) Leasehold Convenience Store In Middlesex |
| |
| Seller Reference: |
1930 |
| B4S Reference: |
23141 |
| Asking Price: |
£79,950
|
| Net Profit: |
£31,200 |
| Sales Revenue: |
£234,000 |
| Number of Staff: |
1 |
| Established For: |
3 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Sunbury-on-thames, North London, United Kingdom |
| |
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 £230,000 with a net profit of £31,200 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family, husband and wife team or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides general convenience, groceries, off license, confectionary, toiletries, dairy, ice cream, tobacco and PayZone.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Convenience Store in Middlesex 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 family commitments.
Services
This very good business opportunity provides general convenience, groceries, off license, confectionary, toiletries, dairy, ice cream, tobacco and PayZone.
Staffing
The concern employs one part-time member 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 some within the same parade of shops.
Market
The client base consists of local residents with high levels of 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.
• Increasing the product line to include newspapers, magazines, Western Union Money Transfer, The National Lottery and takeaway of hot snacks such as Bake & Bite and hot drinks.
• Becoming more efficient with staffing levels.
• 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 500 sq ft. There is an additional 500 sq ft in storage space at the rear. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is wood laminate with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a large 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 £20,000.
Financial Details
The present annual turnover is £234,000 with a gross profit of 28% and a net profit of £31,200. The wages are £100 p/w. The present value of the stock is £17,500.
The potential turnover of the business within the next 2 years is forecast to reach £280,000 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.
|
| |
Property: |
Leasehold |
| |
| |
Lease Terms: |
The original length of the lease was 15 years with 13 years remaining. The rent is £11,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,800 pa. |
| |
| |
Current Rent: |
11,000 pa |
| |
| |
Living Accommodation: |
No |
| |
| |
Location: |
- Situated in the area of Sunbury-on-Thames in Middlesex.
- Prominent location on main arterial road.
- Part of a parade of shops with some five units.
- Excellent free parking facilities in front of the store.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A308, M3 and A244.
- Walton-on-Thames, Hampton Court Palace, Kempton Park and Race Course all lie close by.
- Area enjoying much growth.
- A lifestyle area.
- Excellent local demographics for this type of area.
|
| |
As far as competition is concerned there is another similar business some within the same parade of shops. |
| |
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 newspapers, magazines, Western Union Money Transfer, The National Lottery and takeaway of hot snacks such as Bake & Bite and hot drinks.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
|
| |
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 family commitments. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday: 8.00 am – 11.00 pm.
Sunday: 8.30 am - 10.30 pm.
|
| |
The concern employs one part-time member of staff. |
|
|
