Specialist Food Retailer/internet Business Milton Keynes Price Reduced | | Milton Keynes Buckinghamshire | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving niche food retailer which has been established since 2004. The business has been in the hands of the current owner since inception. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 52322
ADVERT IMPRESSIONS : 17,006 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Other | | SALE: | Agent Sale | ASKING PRICE: | £175,000 | LEASEHOLD: | £175,000 | ANNUAL RENT: | £11000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
This Business is located within a very large and busy industrial estate in Wymbush, Milton Keynes. It has an excellent road work infrastructure to enable easy access to the premises and for deliveries nationwide. The premises itself is very spacious and represents very good value for money and also has free parking.
Business Details
The particular highlights of the business are:
- Large and spacious premises, ideal for this concern.
- Niche business with huge internet potential.
- Well established business with loyal client base.
- Genuine reason for sale.
- Turnover £175,000 with a gross profit 30% and a net profit of between £25,000 & £30,000.
- Good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving niche food retailer which has been established since 2004. The business has been in the hands of the current owner since inception and he now wishes to sell due to family commitments.
Services
This very good business opportunity provides a home delivery service, specializing in quality Asian food from around the world with some African, Sri Lankan and essential daily groceries. The products are very niche and there is a large retail aspect to the concern as well as the deliveries.
The business services largely the Indian vegetarian market with very niche products and vegetarian brands.
Staffing
The business is operated by the owner with casual staff when required.
Owners Role
The owner is involved in the business on a full time basis with a very hands on role.
Marketing
The business does no active marketing at present.
Competition
As far as competition is concerned there is no local competition for this business.
Market
The client base consists of mainly local clientele.
Opportunities
The business 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 afternoons.
- Increasing the product line to include other types of products.
- National marketing with an effective delivery service.
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 premise is an industrial unit which is approximately1900 sq ft. The entrance leads to a large retail area with a counter to the front and offices. The premises is fully racked and shelved with good potential to extend the product line.
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 £175,000 per annum with a gross profit of 30% and a net profit of £30,000. The wages are £0.00. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 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 10.00 am – 6.00 pm
On Monday, Tuesday & Thursday the business is closed between 2.00 pm – 4.00 pm
Saturday 10.00 am – 6.00 pm
Sunday Closed.
Tenure
The original length of the lease was 5 years with 4 years remaining. The rent is £11,000.The lease may be renewable or negotiable for longer term if required. The rates are £1,780.00pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £199,000 (Price Reduced)
Ref: 1733 | | | | | | FOR SALE | | | | | REFERENCE: | 1733 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
