Leasehold Convenience Store | | Barnsley South Yorkshire | | Phoenix Business Agents are delighted to place onto the market Sandra’s which has been established since 1960. The business has been in the hands of the current owner since 2008 and she now wishes to sell due to personal problems. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68073
ADVERT IMPRESSIONS : 8,385 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £125000 | LEASEHOLD: | £125000 | ANNUAL RENT: | £2250 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Athersley North of Barnsley.
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Industrial estates nearby
- Area earmarked for regeneration
- Surrounded by well / densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle
- Very good / outstanding tourist trade
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
- Well linked with main roads and good railway links.
Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- 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 £140,822 with a net profit of £5,030. (See financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Provides a general convenience store provides hot and cold sandwiches.
History
Phoenix Business Transfer Agents are delighted to place onto the market Sandra’s which has been established since 1960. The business has been in the hands of the current owner since 2008 and she now wishes to sell due to personal problems.
Services
This very good business opportunity provides a general convenience store provides hot and cold sandwiches.
Staffing
The concern employs 2 part time staff and the wages are £9,867.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner does not market the business.
Competition
As far as competition is concerned there is a store 5 minutes away.
Market
The client base consists of the public and passing trade. A local supper’s club is advertised.
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 Sundays.
• Increasing the product line to include pizzas and off license.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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. The front is branded with an attractive glass front. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £69,000.
Financial Details
The present turnover is £140,822 pa and a net profit of £5,030. The wages are £9,867. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 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 Friday: 8.00am – 9.00pm
Saturday: 8.30am – 8.00pm
Sunday: 10.00 – 8.00pm
Tenure
There is a rolling lease in place. The rent is £2,250 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £125,000
Ref: 2308
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: | 2308 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
