Busy Leasehold CTN in Sunbury, Middlesex PRICE REDUCED
Price:
Leasehold - £69,000
Location:
Middlesex , Sunbury
Business Type:
Retail businesses
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 £285,000 with a net profit of £35,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner has other commitments.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership.
- Business enjoys superb local reputation.
- The concern provides newsagents, convenience goods, tobacco, cards, stationary, mobile phone accessories, phone cards and Oyster.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Busy Leasehold CTN which has been established for 25 years. The business has been in the hands of the current owner since inception and now wishes to sell due to other commitments.
Services
This very good business opportunity provides newsagents, convenience goods, tobacco, cards, stationary, mobile phone accessories, phone cards and Oyster.
Staffing
The concern employs 1 part-time member of staff.
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 local competition but no other business in the area provides phone accessories.
Market
The client base consists of locals and regulars.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include later closing times.
• Increasing the product line to include a dedicated mobile phone section and off licence goods.
• 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 part of a parade of shops. 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, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
FIRST FLOOR
On the first floor there is a 2 bedroom flat with separate access, yielding £750 per month.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price.
FINANCIAL DETAILS
The present annual turnover is £286,000 with a gross profit of 25% and a net profit of £35,000. The wages are £100 p/w. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £572,000 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.
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.
- Situated in the Sunbury area of Middlesex.
- Prominent location on a corner plot.
- Part of a parade of shops with some 25 units.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by well 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 M3.
- Area enjoying much growth and regeneration.
There is a new lease of 17 years and the rent is £11,000 pa with a review in 2 years. The rates are £850.
Monday to Saturday: 6.00 am – 6.00 pm.
Sunday: 6.00 am – 2.00 pm.
On the first floor there is a 2 bedroom flat with separate access, yielding £750 per month.
North Yorkshire
£ 750,000
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