Freehold Modern Convenience Store Wholesale Cleaning Materials Plus Planning Permission To Extend Property | | Undisclosed Suffolk | | Freehold Modern Convenience Store - Wholesale Cleaning Materials Plus Planning Permission to Extend Property Ref.AF133 Location Suffolk Asking Price £325,000 | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46063
ADVERT IMPRESSIONS : 22,861 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £325000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This is a very interesting business that combines a very well established wholesale cleaning business with a new modern convenience store with a freehold property with planning permission to add a two bedroom flat to the existing property.
Established in 1995, the cleaning business has a large client base that spans a radius of some forty to fifty miles. The business mainly supplies to contract cleaning firms and to local authorities.
The business offers any type of cleaning product or equipment, delivering directly to many of its customers.
The second string to this bow is the convenience store is situated facing a main road between the town centre and major A road and motorway links . The business opportunity is maximising the potential of this property with the shop occupying the front of the premises and the cleaning business located to the rear.
The convenience store has only recently opened and is already benefiting from a steady level of pedestrian footfall a well as custom from the high vehicular traffic levels throughout the day.
Finally the property itself is very interesting. Already providing space for two businesses, the owners have planning permission in place to build above the existing property. The space available would be ideal to add a two bedroom flat, which could be owner occupied or possibly used as a rental for additional income.
Customer Service:
The business has built up a strong reputation for reliability, where possible the owners will often deliver the same day an order is taken. The business has ensured overheads are very low and this has helped to win numerous contracts by allowing for competitive pricing.
Key Strengths:
The business is very sound as a result of looking after its clients who in turn have remained loyal. Many customers have used the business for cleaning materials for years. This level of customer retention makes this opportunity even more interesting.
Key Opportunities:
This business has a solid base and could achieve substantially more in the future. Firstly an ecommerce element to the cleaning side would improve both margins and if marketed effectively could increase turnover considerably.
Secondly, the store is not operating long open hours. It is currently a 9- 5, Monday to Friday operation. Adding a licence and selling newspapers and magazines could make a big difference.
Thirdly, investing in the property by utilising the planning permission and adding living accommodation would potentially offer significant rental income.
Premises:
The freehold is included in the asking price. The conversion to add the modern convenience store to the property was completed recently. There is a convenient customer car park suitable for several vehicles to the side of the property. The property has been rendered and double glazed.
Business Hours:
Monday – Friday: 9.15 am -5.0 pm
Saturday: 10.00 am -1.0 pm
Advertising and Marketing:
The business advertises in the local press and on one specialist cleaning website. Promotion via the company’s commercial vehicle is the main source of new business.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover is circa £60,000. Gross profit is circa £35,000. Stock is currently valued at circa £10,500.
Employees:
The business is owner run.
Support and Training:
All necessary support and a full handover is available if required to ensure continuity of trading.
Reason for Sale:
The current owner is looking to retire. | | | | | | FOR SALE | | | | | REFERENCE: | AF133 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
