Fish Deli In Lee On Solent Hampshire Price Reduced | | Lee on Solent Hampshire | | Phoenix Business Transfer Agents are delighted to place onto the market this thriving, very busy fish delicatessen which has been established since 2004. The business has been in the hands of the current owners since 2010 and they now wish to sell due t | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72222
ADVERT IMPRESSIONS : 6,040 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Fishmongers | | SALE: | Agent Sale | ASKING PRICE: | £42,000 | LEASEHOLD: | £42,000 | ANNUAL RENT: | £4800 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in High Street area of Lee-On-Solent in Hampshire.
- 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 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 A27, A32 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 £57,200 pa with a net profit of £26,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because of other business interests .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- This business opportunity provides fresh fish, cold meats, various types of cheeses, pasta, baked breads and is
Licensed to sell wines ands spirits.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving, very busy fish delicatessen which has been established since 2004. The business has been in the hands of the current owners since 2010 and they now wish to sell due to other business interests.
Services
This very good business opportunity provides fresh fish, cold meats, various types of cheeses, pasta, baked breads and is licensed to sell wines and spirits.
Staffing
The concern is family run and a dividend is taken as and when required.
Owners Role
The owners role is managing and working in the concern works full time.
Marketing
The owner markets the business by way of flyers, leaflet drops and business cards, however they do not have a website.
Competition
As far as competition is concerned the nearest is 6 7 miles away.
Market
The client base consists of locals, business people and some tourists.
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 Mondays.
Increasing the product line to include preservatives and associated products..
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 40ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled. There is a large chiller. It is very well presented and is very conveniently laid out.
To the rear is a store room, toilet, 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 £9,000.
Financial Details
The present turnover is £57,200 per annum with a gross profit of £55,000 and a net profit of £26,000. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £89,000 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
Tuesday to Saturday 09.00am to 4.00pm
Sunday & Monday Closed
Tenure
The original length of the lease was 15 years with 9 years remaining, up till 2021. The rent is £4,800 pa with a review in 2 years. The lease may be renewable or negotiable for longer term if required. The rates are £900.00.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £52,000
Ref: 2462 | | | | | | FOR SALE | | | | | REFERENCE: | 2462 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
