OFF LICENSE AND CONVENIENCE STORE – WEST MIDLANDS
Price:
Leasehold - £159,950
Business Type:
Retail businesses
The particular highlights of the business are:
• A well established local business.
• A very traditional easily managed business offering a wide variety of modern and traditional lines.
• An excellent opportunity for a husband/wife team.
• The business is well stocked yet has potential to introduce new lines.
• Excellent turnover with huge potential for further development.
• Very favorable lease terms (see lease details below).
History
Phoenix Business Transfer Agents are delighted to place onto the market this exceptional high street Off License and Convenience Store. The business was taken over and developed by the current owner, who now wishes to sell the business to focus on a much larger store.
Services
The business has been established as a local convenience store and Off-License. It is well stocked with a wide variety of convenience lines, but would benefit immensely with further stock development and/or layout. The business currently operates 7-days a week, and is in a prominent high street location.
Staffing
The business employs two members of staff; 1x full-time and 1x part-time.
Owners Role
The current owner has very little day-to-day active involvement running the shop, which is a huge incentive for an owner/manager operation.
Marketing
There is very little active marketing of the business.
Competition
There are other similar businesses operating within the local community, however the current owner can demonstrate how the business has been incredibly developed since his inception.
Market
The business benefits from locally attracted passing trade and being central within a highly populated residential area.
Opportunities
The concern has potential. In particular the turnover and profits can be increased by:
• Developing the stocking variety and levels.
• Presenting the stock to attract impulsive buying.
• Introducing the expertise/support of a Nisa/Spar/Premier/Etc.
• Offering special deals/incentives.
• Introduce other brands and lines.
• New exterior signage/presentation.
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 centrally located on the high street, with high levels of passing trade.
The shop itself is located at the end of a terrace of high street shops. The front of the shop is glass fronted with electrically operated shutters. The premises are also offered with CCTV installed.
The retail area is approximately 6 meters wide by 20 meters deep (120 sq meters). Within the retail area there is located the counter/sale point towards the right. The remaining area is equipped with modern shelving, refrigerators, racking.
To the rear of the premises there is a stock room, staff room, kitchen, staff toilets, access door to rear entry.
Equipment with sale
All fixtures, fittings and equipment are included within the sale price. An itinerary will be made available.
Financial Details
The present turnover is in excess of £8,000 pw with a strong gross profit of approximately 25%. 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.
• High street location within bustling market town.
• High visibility with easy parking.
• The town has extensive facilities for example excellent schooling, leisure facilities, pubs, restaurants, etc..
• The town generates high levels of repeat local trade.
• The town is vibrant with high footfall.
• Excellent all round access and security.
The lease was originally 25-years with a rent of £11,000 per annum. We are informed that a new 25-year lease will be made available to the incoming tenant at the same rate.
7-days – 07.00 to 10-30 hrs.
North Yorkshire
£ 750,000
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