FREEHOLD CTN AND ACCOMMODATION BIRMINGHAM +SAV PRICE REDUCED
Price:
Freehold - £160,000
Location:
West Midlands , Wood End, Wolverhampton
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- No local competition.
- Superb property investment as both a commercial and residential property.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £225,000 with a net profit of £35,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- A family operated business.
- A good first time buyers business and ideal purchase for a couple or a partnership or even a sole trader with staff.
- Low rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a CTN service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold CTN in Wolverhampton which has been established since 2004.The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity provides a CTN service as well as paypoint, payzone and a cash machine. The flat is rented at £320 per month.
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 and passing trade as well as regular clients.
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 evenings and weekends.
• Increasing the product line to include an off licence and green grocers which is in demand.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce especially for the off licence.
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, part of a parade of shops and is approximately 20 ft 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 a middle aisle, 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 is a toilet, staff facilities and a fully equipped kitchen.
First Floor
On the first floor there is a two bed room flat.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £225,000 (excluding rental income and pay zone, paypoint and cash machine revenue) with a gross profit of 20% and a net profit of £35,000. The wages are £0. The present value of the stock is £15,000.
The potential turnover of the business within the next 3 years is forecast to reach £450,000 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 Wood End area of Wednesbury in Wolverhampton.
- Prominent location on main arterial road and directly on major roundabout.
- Part of a parade of shops with some 6 units.
- 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 M6 and other major roads.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Monday to Saturday: 7.00 am – 6.15 pm.
Sunday: 8.00 am – 2.00 pm.
First Floor
On the first floor there is a two bed room flat.
North Yorkshire
£ 750,000
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