Highly Profitable Off Licence/Convenience, Bedford
Price:
Leasehold - £170,000
Location:
Bedfordshire, Bedford
Business Type:
Entertainment & Leisure businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £600,000with a net profit of £70,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner lives away.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a quality off licence and convenience service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this profitable business which has been established since 1980. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to personal reasons.
Services
This very good business opportunity provides an off licence and convenience.
Staffing
The concern employs 2 Staff. The wages are £15,000pa. It is fully managed.
Owners Role
The owner is involved in the day to day running of the business on limited hours.
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, residents and passing trade.
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 product line to include more products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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.
The present annual turnover is £600,000 with a gross profit of 20% and a net profit of £70,000. The wages are £15,000. The present value of the stock is £30,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 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 outskirts of Bedford in Bedfordshire.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- 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.
- Area enjoying much growth and regeneration.
- A lifestyle area
- Excellent local demographics for this type of area.
- Affluent Area
- Council Estate lies close by and clients from surrounding areas.
The original length of the lease was 20 years with 17years remaining. The rent is £10,000pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required.
Monday to Sunday: 07.00am - 9.30pm.
There is accommodation available.
North Yorkshire
£ 750,000
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