Thriving Ctn In Luton Price Reduced | | Luton Bedfordshire | | Phoenix Business Transfer Agents are delighted to place onto the market Thriving CTN which has been established for 20 years. The business has been in the hands of the current owner since 2008 and now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57687
ADVERT IMPRESSIONS : 9,407 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £110,000 | LEASEHOLD: | £110,000 | ANNUAL RENT: | £13,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Luton in Bedfordshire.
- Part of a parade of shops with some 12 units.
- Free parking facilities.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £390,000 with a net profit of £25,000 (see financial summary below).
- A business with great potential which has not been exploited because of family commitments.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Business enjoys superb local reputation
- The concern provides CTN, cards, stationary, pet food, cash machine, lottery and 8 morning newspaper rounds.
History
Phoenix Business Transfer Agents are delighted to place onto the market Thriving CTN which has been established for 20 years. The business has been in the hands of the current owner since 2008 and now wishes to sell due to other business interests.
Services
This very good business opportunity provides CTN, cards, stationary, pet food, cash machine, lottery and 8 morning newspaper rounds.
Staffing
The concern employs 2 part-time staff members, 1 full time staff member and 8 paper boys.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business by using door to door leaflet drops.
Competition
As far as competition is concerned there is another similar business close by.
Market
The client base consists of news paper rounds and regulars.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with local and internet advertising.
Increasing the opening hours to include later opening times on Sundays.
Becoming more efficient with staffing levels.
Working more hands on hours and saving on wages.
With the introduction of a website and e-commerce.
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, part of a parade of shops and is approximately 25 ft x 40 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with a middle aisle. The counter is to the front of the shop. It is very well presented and is very conveniently laid out.
To the rear of the premises is a large store room and a toilet.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
FINANCIAL DETAILS
The present annual turnover is £390,000 with a gross profit of 25 % and a net profit of £25,000. The wages are £450.00 p/w. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £180,000 pa 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: 6.00 am 7.00 pm.
Sunday: 6.30 am 3.00 pm.
TENURE
The original length of the lease was 8 years with 4 ½ years remaining. The rent is £13,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,500.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £115,000 PRICE REDUCED
Ref: 1929
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1929 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
