Local Store And Butchers Situated In Vibrant Area Of Sheffield | | Sheffield South Yorkshire | | Phoenix Business Agents are delighted to place onto the market local store and butchers whose great potential has yet to be reached. The store was established in 2006. The business has been in the hands of the current owner since 2009. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 65879
ADVERT IMPRESSIONS : 10,307 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £160000 | LEASEHOLD: | £160000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Sheffield area of South Yorkshire.
- Part of a parade of shops on a busy retail road.
- Parking facilities nearby.
- Surrounded by densely populated residential area.
- High levels of passing trade.
- Vibrant student area.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business in an ideal location.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £364,000 pa with a net profit of £40,000 (see financial summary below).
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- The concern provides general convenience, passport photos, fresh fruit and vegetables and a Halal butchers.
History
Phoenix Business Transfer Agents are delighted to place onto the market local store and butchers whose great potential has yet to be reached. The store was established in 2006. The business has been in the hands of the current owner since 2009 and they now wish to sell due to not having the time required to manage the business.
Services
This very good business opportunity provides the local community with an excellent range of general convenience items and Halal meat products.
Staffing
The concern currently employs two part-time staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner hasn’t carried out any marketing in recent history.
Competition
As far as competition is concerned there is another similar business approximately 20 minutes walk away.
Market
The client base consists of members if the public from the surrounding housing estates.
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 the National Lottery, newspapers, and an off-license.
• With the introduction of a website and e-commerce.
• Adding the facility to sell mobile phone top ups.
• Adding a cash machine to the store.
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 main shop floor of this terraced property is approximately 12m x12m which comprises of two large shelves/aisles and a large meat counter. To the rear is a large cold room, kitchen area and a store room. The rear exterior allows parking facilities for 3 cars.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £30,000.
Financial Details
The present annual turnover is estimated to be £364,000 with a gross profit of £145,600 and a net profit of £40,000. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £720,000 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 08.00am – 11.00pm
Tenure
The original length of the lease was 10 years with 5 years remaining. The rent is £1,100 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £160,000
Ref: 2244
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: | 2244 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
