| (REF: 2017DC) Convenience Store / Off License Stoke-On-Trent |
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| Seller Reference: |
2017DC |
| B4S Reference: |
24734 |
| Asking Price: |
£79,950
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| Net Profit: |
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| Sales Revenue: |
£200,000 |
| Number of Staff: |
3 |
| Established For: |
30 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Stoke-on-Trent, Staffordshire, United Kingdom |
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The particular highlights of the business are:
Incredibly well established, the shop has been with the current owners for 30+ years.
Well established client base and turnover.
A very traditional easily managed business offering modern product lines.
An excellent opportunity for a husband/wife team.
The business is well stocked yet has potential to introduce new lines.
The vast majority of the stock is supplier delivered on a weekly rotation.
Year upon year turnover in excess of £200,000.
Very favorable lease terms (see lease details below).
Services
The business is a local convenience store and off-license, offering additional bolt-on income streams like Payzone, a Deli counter, state of the art DVD Rental, etc.. The business has recently undergone a comprehensive refit, including new coolers and air conditioning.
Staffing
The concern employs 3 additional members of staff, two of which are part-time.
Owners Role
The owners role is very much part-time within the business.
Marketing
There is very little active marketing of the business.
Competition
The business is located within a very populated area and as such there are several similar stores within the local vicinity.
Market
The business benefits from a developed repeat local clientele base, and the passing trade to a school almost next-door.
Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
Extending the opening hours.
Introducing newspapers, magazines and alike.
Become part of a branded network.
Introduce Western Union and Paypoint.
Increase the Deli offering to include sandwiches, prepared meals, etc..
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 business is located on a main high street, with a corner position. The trading floor is directly accessed from the pavement, which is approximately 60 square meters.
To the rear of the shop is a store room and small kitchen.
The first floor offers accommodation, to include a kitchen, bathroom, living room and two bedrooms.
Equipment with sale
All fixtures, fittings and equipment are included within the sale price. An itinerary will be made available.
Financial Details
The present turnover is in excess of £200,000 per annum with a strong gross profit of 20%. These figures are representative of previous years and demonstrates year-on-year consistent trading. 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.
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Property: |
Leasehold |
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Lease Terms: |
A new lease will be made available of 21-years at a rent of £12,000. |
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Current Rent: |
12000 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The first floor offers accommodation, to include a kitchen, bathroom, living room and two bedrooms. |
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Location: |
Highly visible main road location.
The town has extensive facilities for example excellent schooling, leisure facilities, pubs, restaurants, etc..
The town generates high levels of repeat local trade and extensive summer tourist business.
The business is located within a densely populated residential and commercial area.
Excellent all round access and security.
2 bedroom owners accommodation above the shop.
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The business is located within a very populated area and as such there are several similar stores within the local |
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The concern has potential. In particular the turnover and profits can be increased by:
Extending the opening hours.
Introducing newspapers, magazines and alike.
Become part of a branded network.
Introduce Western Union and Paypoint.
Increase the Deli offering to include sandwiches, prepared meals, etc..
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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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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 Saturday 08.00 to 10.30 hrs.
Sunday 08.00 14.00hrs and 18.00 hrs to 22.00 hrs
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The concern employs 3 additional members of staff, two of which are part-time. |
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