Newsagents Post Office And Grocers Shenfiled Essex Price Reduced | | Shenfield Essex | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving very busy convenience store with post office which has been established since 1990. The business has been in the hands of the current owner since 1990 and he now wishe | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70295
ADVERT IMPRESSIONS : 9,162 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Post Offices | | SALE: | Agent Sale | ASKING PRICE: | £229,000 | LEASEHOLD: | £229,000 | ANNUAL RENT: | £16500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Shenfiled area of Essex.
- 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 densely populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A13, A1306 and good railway links.
Business Details
The particular highlights of the business are:
- 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 £509,260 pa with a net profit of £83,009. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving very busy convenience store with post office which has been established since 1990. The business has been in the hands of the current owner since 1990 and he now wishes to sell due to wishing to spend more time with the family.
Services
This very good business opportunity provides newsagents, confectioners, post office, groceries, off license, pay point, lottery, top up cards, dry cleaning and money transfer
Staffing
The concern employs 3 staff. Who are part time. They are paid at the rate of £6.10 per hour. The total wage bill is £19,000. The owner/ manager are paid £52,000. All staff would stay on after a sale.
Owners Role
The owners’ role is managing and working in the business and works full time.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned the owner has no strategy for dealing with them.
Market
The client base consists of local community and business persons.
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.
• 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 and is approximately 70ft x 30 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled 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 kitchen area.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.00
External
To the front there is free parking up to an hour
To the rear there are two(2) garages and parking
Financial Details
The present turnover is £509,260.00 per annum with a gross profit of £83,009 and a net profit of £38,724. The wages are £19,000. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £739,500 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 – 08.00am – 9.00pm
Sunday – 09.00am - 9.00pm
Tenure
The original length of the lease was 20 years with 16 years remaining. The rent is £16,500.00 pa with a review Tba. The lease may be renewable or negotiable for longer term if required. The rates are £2,000.00.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £229,000 (Price Reduced)
Ref: 2414
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: | 2414 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
