Freehold Convenience Store Syston Leicester Plus Sav | | Leicester Leicestershire | | Phoenix Business Agents are delighted to place onto the market this thriving freehold CTN which has been established since 1960. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68054
ADVERT IMPRESSIONS : 7,008 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £295,000 | FREEHOLD: | £295,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Syston, five miles from Leicester in Leicestershire.
- Village centre location.
- Prominent location on main arterial road.
- A large corner plot with ample property for development on prime site including 12 flats ( subject to planning permission).
- Excellent off parking facilities outside premises.
- Industrial estates nearby.
- Surrounded by densely populated residential area with three schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the main arterial road into Leicester.
- Area enjoying much growth and re generation in particular with new housing immediately opposite.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A large corner plot with ample property for development on prime site including 12 flats (subject to planning
permission)
- Offices above for good rental income.
- A long established business with an excellent local reputation.
- Good loyal clientele and strong passing trade.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £175,000 with a net profit of £20,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- A family operated business.
- A good first time buyers business and ideal purchase for a couple.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a convenience store and off license.
- Due to recent personal issues the business has in truth been neglected hence competitive selling price.
- Owner would consider leasehold sale with a rental of £10,000 pa and a premium of £80,000.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving freehold CTN which has been established since 1960. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a convenience service and off license.
Staffing
The concern employs no staff and is family run.
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 immediate local competition.
Market
The client base consists of locals, regulars 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 opening hours to include evenings beyond 6pm and Sundays.
• Increasing the product line to include more varied products.
• A complete refurbishment of the business.
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 approximately 35ft x 35 ft. The front is branded with an attractive double glass front. There are manual shutters. The main customer service area is carpeted with a middle aisle and shelving and racking to the walls.
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
First Floor
On the first floor there are 4 offices and a toilet with staff facilities.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £175,000 with a gross profit of 22% and a net profit of £20,000. The wages are £0. The present value of the stock is £2,500.
The potential turnover of the business within the next 2 years is forecast to reach £400,000 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: 8.00am – 6.00pm
Sunday: Closed
Tenure
The business is Freehold and the rates are £4,000 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £295,000 plus sav
Ref: 2332
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 | | | | | | FOR SALE | | | | | REFERENCE: | 2332 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
