Leasehold Diy Store Milton Keynes Price Reduced | | Milton Keynes Buckinghamshire | | Phoenix Business Agents are delighted to place onto the market thriving business which has been established since 1995. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65497
ADVERT IMPRESSIONS : 12,069 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | DIY Stores | | SALE: | Agent Sale | ASKING PRICE: | £45000 | LEASEHOLD: | £45000 | ANNUAL RENT: | £7800 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in prime area of Bletchley in Milton Keynes.
- Prominently located on a residential estate.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Local population consists of regulars.
- Area offers exceptional lifestyle.
- Commercially thriving area.
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £81,635.66 with a net profit of £24,000 (see financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the business is only open minimal hours.
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market thriving business which has been established since 1995. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity provides home and gardening products as well as a lot of other products.
Staffing
The concern employs 0 staff.
Owners Role
The owners’ role is hands on and deals with the day to day running of the business.
Marketing
There is currently no marketing being done for the business.
Competition
As far as competition is concerned there is no competition in the area.
Market
The client base consists of regulars mainly with occasional 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 opening hours to include longer hours.
• Increasing the product line to include more products for sale.
• 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 and is part of a parade of shops and is approximately 30 ft x 30 ft. The front is branded with an attractive glass front. There are electric shutters. The main customer service area is tiled with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £8,500.
External
To the front there is car parking facilities.
Financial Details
The present turnover is £81,635.66 per annum with a net profit of £24,000. The present value of the stock is £18,000.
The potential turnover of the business within the next 2 years is forecast to reach £130,000 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 Saturday: 9:00 am - 5:30 pm.
Tenure
The original length of the lease was 10 years with 7 years remaining. The rent is £7,800 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,000. Quarterly service charge £144.00.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £45,000 (Price Reduced)
Ref: 1536
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: | 1536 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
