| | | 1327: LEASEHOLD CONVENIENCE/ OFF LICENSE WITH ACCOMMODATION BIRMINGHAM | | | BUSINESS FOR SALE ADVERT DETAILS ADVERT VIEWED : 9,312 TIME(S)
BUSINESS REFERENCE : 1327 / RightBiz | | | | | | Phoenix Business Transfer Agents are delighted to place onto the market this well presented convenience, confectionary and off license which has been established since the 1980s. The business has been in the hands of the current owner since 2008 and he wishes to sell due to other business interests. | | | BUSINESS LOCATION: | Birmingham West Midlands UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | LEASEHOLD: | £50000 | ANNUAL RENT: | £1070 | | | | | | | | | | | BUSINESS DETAILS: | Location
This superb business opportunity is situated in the Stirchley area of Birmingham in the Midlands. It lies on a main arterial road next to a crossroads on a very prominent location. There are many other shops in the area including a large Co- op opposite. The local residents and students form the local community. The university and the town centre are close by. There is a direct bus route to town.
Business Details
The particular highlights of the business are:
The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
Ideally located concern offering excellent lifestyle.
A well established business.
Good loyal clientele.
Fully equipped business with favorable lease terms (see below).
Turnover in excess of £390,000 with a gross profit of 30% and a net profit of £78,000. (See financial summary below). This is very impressive considering the credit crunch.
A business with great potential which has not been exploited because the owner wishes to pursue other business interests.
An easily run operation.
Good loyal well trained staff.
A good first time buyers business.
Phoenix Business Transfer Agents are delighted to place onto the market this well presented convenience, confectionary and off license which has been established since the 1980s. The business has been in the hands of the current owner since 2008 and he wishes to sell due to other business interests.
This very good business opportunity provides convenience products, an off license, tobacconists, and confectionary.
The concern employs 2 full time staff who work 31 hours and 15 hours respectively. They are paid the minimum wage.
The owners role is very hands on and he works full time.
The client base consists of locals and students.
The concern has huge potential. In particular the turnover and profits can be increased by:
Introduce the lottery.
Open earlier hours
Provide newspapers and sandwiches and offer Moneygram.
Extend the property further.
The owner would be available for a business familiarisation period of one week 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 and is part of a parade of shops and is approximately 25ft x 50 ft. The front is branded with an attractive glass front. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
First Floor
On the first floor there is a 2 bed room flat which is in need of some renovation.
Financial Details
The turnover is presently £390,000 with a gross profit of 30% and a net profit of £78,000. The wages are £1,100 per month. The present value of the stock is £20,000 and the fixtures fittings and equipment are worth £10,000.
. 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.
Trading Hours
The business operates from Monday to Saturday between 9am and 11pm and on Sunday until 10.30pm.
Tenure
The original length of the lease was 11 years with 10years remaining. The rent is £14,400 and the rates are £1070 pa.
Viewings
The owners are available for viewings at any time.
Price: £50,000 plus SAV
Ref: 1327 | | | | | | FOR SALE | | | | | SELLER: | PHOENIX BUSINESS AGENTS | | CONTACT: | 0844 567 5016 | | REFERENCE: | 1327 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
