Leasehold Convenience Stratford London For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £364,000 with a net profit of £50,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owners wish to re locate.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.
• A very reasonable rental, being a council lease.

Phoenix Business Transfer Agents are delighted to place onto the market this thriving CTN, convenience and off license shop which has been established since 1969. The business has been in the hands of the current owners since 2000 and they now wishes to sell due to re location.

This very good business opportunity provides convenience products, an off license, lottery, CTN, cashpoint and top up.

The concern employs 1 staff. He is full time and works 40 hours per week and is paid £230 per week. All staff would stay on after a sale.

The owners’ role is very hands on and this is a family operated business with the owners working full time.
The owner does no marketing for the business.

As far as competition is concerned the nearest shop is over 5 minutes walk away.

The client base consists of locals within a 5 mile radius.

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 closing.
• Increasing the product line to include other products and expand into the premises next door.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.

The owner would be available for a business familiarisation period of one week 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 is part of a small parade of shops and is approximately 25ft 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 and shelving and racking to the walls. It is very well presented and is very conveniently laid out. There are other aisles and the premises are very spacious. There is also another shop next door which forms part of the lease and this measure 18ft x 25ft.

To the rear is a toilet and storeroom.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present turnover is £364,000 per annum with a gross profit of £18% and a net profit of £50,000. The wages are £230 per week. The present value of the stock is £30,000 and the fixtures fittings and equipment are worth £10,000.
In 2007, the turnover was £365,000. The potential turnover of the business within the next 2 years is forecast to reach £400,000 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.

Trading Hours
The business operates from Monday to Saturday between 6am and 8 pm and on Sundays between 7am and 2pm.

Tenure
The original length of the lease was 20 years with 6 years remaining. The rent is £13,500 pa with a review in 2 years. The rates are £900 pa. It is a council owned property.

Viewings
The owners are available for viewings at anytime by prior arrangement.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 6 years remaining. The rent is £13,500 pa with a review in 2 years. The rates are £900 pa. It is a council owned property.

Location:

This superb business opportunity is situated in the Stratford area of London. It lies just off the main road and forms part of a densely populated residential estate with a large local population. It is very close to the Stratford underground .There is ample parking outside. The business is part of a small parade of shops. .
The area has huge developments underway including flats and the Olympic Village.

Premises details:

The property is terraced and is part of a small parade of shops and is approximately 25ft 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 and shelving and racking to the walls. It is very well presented and is very conveniently laid out. There are other aisles and the premises are very spacious. There is also another shop next door which forms part of the lease and this measure 18ft x 25ft.

To the rear is a toilet and storeroom.

Other information

Competition / Market:

As far as competition is concerned the nearest shop is over 5 minutes walk away

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Trading hours:

The business operates from Monday to Saturday between 6am and 8 pm and on Sundays between 7am and 2pm.

Furniture / Fixtures value:

£10,000 (included in the asking price)

Inventory / Stock value:

£30,000 (included in the asking price)