Ideally Situated Local Store
Price:
Leasehold - £200,000
Location:
West Yorkshire, Huddersfield
Business Type:
Retail businesses
The particular highlights of the business are:
- A new business in ideal location.
- Very little competition in surrounding area.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £52,000 pa with a net profit of £12,000 (see financial summary below).
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- The business has accommodation above which is currently let out.
- The concern provides general convenience, Payzone, tobacco and drinks.
History
Phoenix Business Transfer Agents are delighted to place onto the market this recently established local store whose great potential has yet to be reached, the store was established in May 2011. The business has been in the hands of the current owner since it was started and now wishes to sell due to not having the time required to manage the business.
Services
This very good business opportunity provides the local community with an excellent range of general convenience items.
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
The owner has recently done a leaflet campaign advertising the business. No other marketing has recently been carried out.
Competition
As far as competition is concerned there is another similar business approximately 20 minutes walk away.
Market
The client base consists of members of the public from the surrounding housing estates.
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 late nights.
• Increasing the product line to include the National Lottery.
• Adding the facility to collect card payments.
• Offering sporting goods to complement the new sports centre next door.
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.
The present annual turnover is estimated to be £52,000 with a gross profit of £26,000 and a net profit of £12,000. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £275,000 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 Huddersfield area of West Yorkshire.
- Only shop on new build estate servicing 3000 homes.
- Excellent free parking facilities nearby.
- Surrounded by densely populated residential area with local amenities being built nearby.
- High levels of passing trade.
- Area is currently undergoing development.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 20 years with 19 years remaining. The rent is £9,360 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The concern currently qualifies for small business rates.
Monday to Saturday: 07.00am - 7.00pm
Sunday 07.00am – 5.00pm
On the first floor there is a 2 bedroom flat currently providing a rental income of £125 per week. The flat consists of 2 large double bedrooms, an open plan kitchen and a living area. There is a bathroom with bath and separate shower and an entrance hall.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|