Thriving Local Convenience/ Off License Ctn Dagenham Essex Price Reduced | | Dagenham Essex | | Phoenix Business Transfer Agents are delighted to place onto the market this very busy retail outlet which has been established for over 30 years. The business has been in the hands of the current owner since 2003. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52213
ADVERT IMPRESSIONS : 5,795 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | ASKING PRICE: | £190,000 | LEASEHOLD: | £190,000 | ANNUAL RENT: | £17000 PA | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in South Dagenham area of Essex.
- Prominent location on main arterial road.
- Part of a large parade of shops in very busy area.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Huge volumes of traffic and pedestrian flow.
- Commercially thriving area with lots of business activity nearby.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A very established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of 520,000 net profit of £100,000 (see financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or family.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides an off license and convenience store.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy retail outlet which has been established for over 30 years. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a large selection of convenience products as well an off license.
Staffing
The concern employs one part time member of staff who is paid £150 per week.
Owners Role
The Owner and his wife have a very hands on role and work full time.
Marketing
The owner does no marketing for the business.
Competition
There are numerous other shops in this very busy area.
Market
The client base consists of locals and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• The shop is operating at high levels of profit and could benefit further from an extension and opening longer hours.
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 property is terraced and is part of a parade of shops and is approximately 20 ft x 25 ft. The front is branded with an attractive glass front. The customer service point is to the front with a middle aisle and wall displays.
To the rear there is a large store room.
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 £130,000. The wages are £150 per week. The present value of the stock is £15,000.
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 Friday: 11 am - 11 pm.
Saturday: 11 am - 11 pm.
Sunday: 11 am - 11 pm.
Tenure
There is a new lease available at a rental of £17,000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £225,000 plus sav
Ref: 1743 | | | | | | FOR SALE | | | | | REFERENCE: | 1743 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
