Thriving Leasehold Convenience Store Rushden | | Rushden Northamptonshire | | Phoenix Business Transfer Agents are delighted to place onto the market this leasehold convenience store and off licence in Northamptonshire which has been established since 1980. The business has been in the hands of the current owner since 2007 and he | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70703
ADVERT IMPRESSIONS : 5,364 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | ASKING PRICE: | £80000 | LEASEHOLD: | £80000 | ANNUAL RENT: | £12000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Rushden in the Wellingborough area of Northamptonshire.
- Prominent location just off main arterial road.
- Excellent free parking facilities.
- 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 main arterial road through the town.
- 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 well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £338,000 with a net profit of £40,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to re locate.
- An easily run operation.
- Good loyal well trained staff.
- 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 a convenience store and off licence.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold convenience store and off licence in Northamptonshire which has been established since 1980. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to relocation.
Services
This very good business opportunity provides a convenience store and off licence.
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 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 product line to include more varied products.
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 25ft x 40 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 two aisles 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 is the living accommodation with 2 large bed rooms, a lounge and a dining room as well as a fully equipped kitchen.
Second Floor
On the second floor there is a large loft conversion used as a flat.
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 £338,000 with a gross profit of 22% and a net profit of £40,000. The wages are £0. The present value of the stock is £12,000.
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 Thursday: 6.30 am – 10.30 pm
Friday and Saturday: 6.30 am – 11 pm
Sunday: 8 am – 1 pm
Tenure
The original length of the lease was 16 years with 13 years remaining. The rent is £12,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,400 pa.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £80,000
Ref: 2433 | | | | | | FOR SALE | | | | | REFERENCE: | 2433 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
