Thriving Convenience Store Birmingham Price Reduction | | Birmingham West Midlands | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving unopposed convenience store which has been established since1985. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests. Services This very good business opportunity provides a large range of convenience products, an off license, and a cash point. Staffing The concern employs 2 staff. 0 are full time and 2 are part time. They are paid at the rate of £6 per hour. The total wage bill is £250 per week. All staff would stay on after a sale. Owners Role The owners’ role is very hands on and he works full time. Marketing The owner does no marketing for the business and he does not have a website. Competition As far as competition is concerned this business is unopposed within a 2 mile radius. Market The client base consists of local residents. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44312
ADVERT IMPRESSIONS : 10,363 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £65,000 | LEASEHOLD: | £65,000 | ANNUAL RENT: | £6400 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This business is located in the Rednal area of Birmingham. It is within a very densely populated estate and is the only shop for some distance. It attracts all the local residents and school children who use the shop on a daily basis. The location has free parking directly outside and lies just off the main arterial road. Birmingham town centre is some 3 miles away.
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.
- No competition in the area.
- A well established business.
- Good and very loyal clientele.
- Fully equipped business with favorable lease terms (see below) and spacious premises.
- Turnover in excess of £520,000 with a net profit of £80,000. (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 has other business interests.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving unopposed convenience store which has been established since1985. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a large range of convenience products, an off license, and a cash point.
Staffing
The concern employs 2 staff. 0 are full time and 2 are part time. They are paid at the rate of £6 per hour. The total wage bill is £250 per week. All staff would stay on after a sale.
Owners Role
The owners’ role is very hands on and he works full time.
Marketing
The owner does no marketing for the business and he does not have a website.
Competition
As far as competition is concerned this business is unopposed within a 2 mile radius.
Market
The client base consists of local residents.
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 opening hours to include later opening times.
• Increasing the product line to include a larger range of products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
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 premises are very spacious and measures approximately 40ft x 30 ft. The main shop area has a middle aisle and shelving along the walls and there are display fridges and cabinets. The Customer service point is to the front of the shop.
To the rear is a store room. There are a toilet and staff facilities.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present turnover is £520,000 per annum with a gross profit of 25% and a net profit of £80,000. The wages are £12,000. The present value of the stock is £20,000 and the fixtures fittings and equipment are worth £10,000.
In 2008, the turnover was £500,000. The potential turnover of the business within the next 2 years is forecast to reach £600,000 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.
Trading Hours
Monday to Saturday: 7am to 9pm
Sunday: 10am to 8pm
Tenure
The original length of the lease was 4 years with 2 years remaining. The rent is £6,400 pa with a review in 2 years. The premises are council owned.
Viewings
The owners are available for viewings at anytime.
Price: £82,000 plus sav (Price Reduced)
Ref: 1492 | | | | | | FOR SALE | | | | | REFERENCE: | 1492 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
