Large Leasehold Convenience Store In Chesterfield Price Reduced | | Sheffield South Yorkshire | | Phoenix Business Agents are delighted to place onto the market convenience store/mini market which has been established since circa 100 years. The business has been in the hands of the current owner since 2003 and now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66152
ADVERT IMPRESSIONS : 8,027 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £70,000 | LEASEHOLD: | £70,000 | ANNUAL RENT: | £13,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Clay Cross area of Chesterfield.
- Prominent location in the middle of small shopping precinct.
- Part of a parade of shops with some ten units nearby.
- Excellent parking facilities nearby.
- Surrounded by densely populated residential area.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A lifestyle area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Situated in an excellent location.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £600,000 pa with a net profit of £27,500 (see financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- Business enjoys superb local reputation.
- The concern provides confectionary, magazines, newspapers, snacks, Paypoint and a large selection of groceries.
History
Phoenix Business Transfer Agents are delighted to place onto the market convenience store/mini market which has been established since circa 100 years. The business has been in the hands of the current owner since 2003 and now wishes to sell due to focus on other interests.
Services
This very good business opportunity provides the local community with a small “Supermarket” on their doorstep as they offer a comprehensive range of groceries and toiletries.
Staffing
The concern employs 4 and the wages are approximately £21,000 per annum.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner currently markets via leaflet drop every 3 weeks.
Competition
As far as competition is concerned there is another similar business approximately 10 minutes walk away.
Market
The client base consists of the general public.
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 late nights
• Becoming more efficient with staffing levels.
• Applying strategic offers to targeted markets
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 45ft x 35ft. The front is branded with an attractive glass front. The main customer service area is tiled with three long aisles and shelving to the walls. It is very well presented and is very conveniently laid out.
To the side is a store room with a loading bay access. There is a toilet and staff facilities.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £35,000.
Financial Details
The present annual turnover is approximately £600,000 with a gross profit of £168,000 and a net profit of £27,500. The wages are circa £21,000. The present value of the stock is £50,000.
The potential turnover of the business within the next 2 years is forecast to reach £1,100,000 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 – Friday 08.00 – 21.00
Saturday – Sunday 09.00 – 21.00
Tenure
There is currently no lease agreement in place so terms can be negotiated, the rent is £13,000 per annum and the rates are £5,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £120,000
Ref: 2256
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: | 2256 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
