| (REF: 2335) Profitable Leasehold Convenience Store in East London |
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| Seller Reference: |
2335 |
| B4S Reference: |
30077 |
| Asking Price: |
£145,000
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| Net Profit: |
£42,000 |
| Sales Revenue: |
£442,000 |
| Number of Staff: |
2 |
| Established For: |
26 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Plaistow, East London, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £400,000 pa with a net profit of £42,000 (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 husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a good range of general convenience products, confectionary, tobacco, ice cream, frozen foods, dairy, greetings cards, PayZone, E-pay, and Ria money transfers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Profitable Leasehold Convenience Store which has been established since 1985. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to family commitments.
Services
This very good business opportunity provides a good range of general convenience products, confectionary, tobacco, ice cream, frozen foods, dairy, greetings cards, PayZone, E-pay, and Ria money transfers.
Staffing
The concern employs 2 part-time staff and the wages are £5.75 per hour.
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 are low levels of local competition.
Market
The client base consists of local residents with high volumes 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 and local and internet advertising.
• Increasing the services to include the lottery and newspapers/magazines.
• Increasing the product line to include beers, wines and spirits.
• 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.
The present annual turnover is £442,000 with a net profit of £42,000. The wages are £5.75 per hour. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £600,000 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 newly signed lease is for 15 years with 15 years remaining. The rent is £16,800 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £800 pa.
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Current Rent: |
16800pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the Plaistow area of East London
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- 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
- Well linked with the A124, A112, A13, A117, A11 and A12.
- West Ham, Canning Town, Stratford, Barking and Beckton all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There are low levels of local competition.
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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 and local and internet advertising.
• Increasing the services to include the lottery and newspapers/magazines.
• Increasing the product line to include beers, wines and spirits.
• Becoming more efficient with staffing levels.
• 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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he now wishes to sell due to family commitments.
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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 Friday: 8.00am - 9.30pm
Saturday: 9.00am – 9.00pm
Sunday: 9.00am – 8.00pm
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The concern employs 2 part-time staff and the wages are £5.75 per hour. |
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