Freehold Newsagents/convenience Store & Sandwich Bar In Birmingham | | Birmingham West Midlands | | Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagents/Convenience Store & Sandwich Bar which has been established since 1971. The business has been in the hands of the current owner since 1991 and he now wishes t | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70959
ADVERT IMPRESSIONS : 9,297 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £545000 | FREEHOLD: | £545000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the Digbeth area of Birmingham in The West Midlands.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- 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 A4540, A45 and A41.
- Birmingham City Centre, Boredesley and Highgate all lie close by.
- Area enjoying much growth and regeneration.
- 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 favourable lease terms (see below).
- Turnover in excess of £230,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a traditional CTN plus a range of general grocery and convenience products, and also operates a very profitable sandwich bar.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagents/Convenience Store & Sandwich Bar which has been established since 1971. The business has been in the hands of the current owner since 1991 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a traditional CTN plus a range of general grocery and convenience products, and also operates a very profitable sandwich bar.
Staffing
The concern employs 3 part-time staff. The wages are £6.20 ph.
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 local residents, workers and drivers from the nearby industrial areas with good volumes of 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 later evening opening and Sunday trading.
• Increasing the product line to include alcoholic drinks
• Becoming more efficient with staffing levels.
• The business would benefit from a refurbishment.
• With the introduction of a website.
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 semi detached and is approximately 7.5m x 7.4m. 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 aisles and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen.
First Floor
On the first floor there are four letting rooms; fitted kitchen with cooker, washing machine, microwave etc, Shower Room.
Second Floor
On the second floor there are three letting rooms and shower room.
The accommodation brings in extra income of £22,000 per annum
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £7,500.
Financial Details
The present annual turnover is £234,000with a gross profit of 35%. The wages are £6.20 ph. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £280,000 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 Friday: 6.00am - 5.45pm.
Saturday: 7.00am – 1.00pm
Sunday & Bank Holidays: Closed
Tenure
The business is freehold and the rates are £1,850.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £545,000
Ref: 2425 | | | | | | FOR SALE | | | | | REFERENCE: | 2425 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
