Leasehold Hardware Store Rugeley Staffs | | Rugeley Staffordshire | | Phoenix Business Agents are delighted to place onto the market this long established which has been established since 1990. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63712
ADVERT IMPRESSIONS : 5,770 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Electrical Retailers | | SALE: | Agent Sale | ASKING PRICE: | £60000 | LEASEHOLD: | £60000 | ANNUAL RENT: | £8838 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the town centre area of Rugeley in Staffordshire
- Part of a large shopping centre.
- Excellent parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade in the centre which has 30 units.
- 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 favourable lease terms (see below).
- Turnover in excess of £50,000 pa with a net profit of £20,000(see financial summary below).
- A business with great potential which has not been exploited because the owner is of retirement age.
- An easily run operation.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides electrical products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this long established which has been established since 1990. The business has been in the hands of the current owner since 2004 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides electrical products and smokers supplies.
Staffing
The concern employs 1 part time member of staff. The wages are £1,000pa.
Owners Role
The owner is involved in the day to day running of the business.
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 over 400 regulars.
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 other products and expand the business.
• 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 10ft x 20ft. The front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled and has shelving to the walls. It is very well presented and is very conveniently laid out.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present annual turnover is £50,000 with a gross profit of 50%and a net profit of £20,000. The wages are £1,000pa. The present value of the stock is £4,500.
The potential turnover of the business within the next 2 years is forecast to reach £80,000 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: 08.30am - 5.00pm.
Tenure
There is a roll on lease. The rent and rates are £8,838pa. 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: £60,000
Ref: 2156
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: | 2156 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
