Lucrative Leasehold Newsagents/ Off Licence Leicestershire Price Reduced | | Hinckley Leicestershire | | Phoenix Business Agents are delighted to place onto the market this lucrative CTN and Off Licence which has been established since 1971. The business has been in the hands of the current owner since 2010 and he now wishes to sell due to re location. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 68619
ADVERT IMPRESSIONS : 8,296 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | ASKING PRICE: | £168,000 | LEASEHOLD: | £168,000 | ANNUAL RENT: | £12000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in town centre area in Leicestershire.
- Prominent location on corner of main High Street.
- Excellent parking facilities nearby with numerous car parks.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the M1.
- Leicester is close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A long established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £780,000 with a net profit of £70,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has to re locate.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership or a couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a CTN and Off Licence service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this lucrative CTN and Off Licence which has been established since 1971. The business has been in the hands of the current owner since 2010 and he now wishes to sell due to re location.
Services
This very good business opportunity provides a CTN and an Off Licence which has only been open 4 weeks and is due to make substantial increase in turnover week on week.
Staffing
The concern employs one member of staff and is family run. The wages are £15,210 pa.
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 local competition.
Market
The client base consists of locals, passing trade, office and retail workers and regulars.
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 later opening especially on Sundays.
• Increasing the product line to include more varied products.
• The road is going to be given traffic access which will lead to more trade.
• The local Sainsbury’s will be moving shortly
• The alcohol sales will soon have an impact.
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 25ft x 40 ft. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is carpeted 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.
First Floor
On the first floor there are 3 offices which used to be rented but are now empty.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £15,000.
Financial Details
The present annual turnover is £780,000 with a gross profit of 27.5% and a net profit of £70,000. The wages are £15,210 pa. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £1,000,000 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 am – 9 pm
Sunday: 9 am – 3 pm
Tenure
The original length of the lease was 7 years with 6 years remaining. The rent is £12,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £1,990 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £168,000 plus sav
Ref: 2358
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: | 2358 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
