Highly Profitable Off Licence Convenience Bedford | | Bedford Bedfordshire | | Phoenix Business Agents are delighted to place onto the market this profitable business which has been established since 1980. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to personal reasons. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62872
ADVERT IMPRESSIONS : 6,701 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £150,000 | LEASEHOLD: | £150,000 | ANNUAL RENT: | £10000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the outskirts of Bedford in Bedfordshire.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- 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.
- Affluent Area
- Council Estate lies close by and clients from surrounding areas.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £600,000with a net profit of £70,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner lives away.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a quality off licence and convenience service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this profitable business which has been established since 1980. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to personal reasons.
Services
This very good business opportunity provides an off licence and convenience.
Staffing
The concern employs 2 Staff. The wages are £15,000pa. It is fully managed.
Owners Role
The owner is involved in the day to day running of the business on limited hours.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals, residents and passing trade.
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 product line to include more products.
• 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 50ft x 60 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 and shelving to the walls. It is very well presented and is very conveniently laid out. It is a very spacious unit.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
There is accommodation available.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present annual turnover is £600,000 with a gross profit of 20% and a net profit of £70,000. The wages are £15,000. The present value of the stock is £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 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 Sunday: 07.00am - 9.30pm.
Tenure
The original length of the lease was 20 years with 17years remaining. The rent is £10,000pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £150,000
Ref: 2133
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: | 2133 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
