Leasehold Convenience Store West Midlands | | Brierley Hill West Midlands | | Phoenix Business Transfer Agents are delighted to place onto the market this leasehold convenience store which has been established since July 2010. The business has been in the hands of the current owner since inception and he now wishes to sell due to | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70244
ADVERT IMPRESSIONS : 5,121 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £25000 | LEASEHOLD: | £25000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Brieley Hill area of Dudley in West Midlands.
- Prominent location on main arterial road
- Part of the local High Street
- Excellent parking facilities nearby with an Asda just off the main High Street.
- 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.
- 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 fledgling business with a lot of potential and in need of investment.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £13,000. (See financial summary below).
- A business with great potential which has not been exploited because the business is only just over 1 year old.
- An easily run operation.
- Operated as a sole trader business.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides convenience products.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold convenience store which has been established since July 2010. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity provides convenience products and money gram.
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
The business is on the High street with lots of competition.
Market
The client base consists of locals, shoppers, regulars, office and retail workers 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.
• Increasing the product line to include more variety of cigarettes and alcohol.
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 21ft x 40 ft. The front is branded with an attractive glass front. There are electric/manual shutters and a CCTV system. The main customer service area is wooden 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.
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 £13,000 with a gross profit of 30% and a net profit of £0. The wages are £0. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £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 to Saturday: 9 am – 6 pm
Sunday: 10 am – 1.30 pm
Tenure
There is a monthly rolling lease. The lease may be renewable or negotiable for longer term if required. The rates are £400 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £25,000 plus sav
Ref: 2408
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: | 2408 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
