Leasehold Pound Shop In Bexleyheath For Sale

Business description

The particular highlights of the business are:
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £156,000 with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this pound shop which has been established since 2007. The business has been in the hands of the current owner since this time and she now wishes to sell due to relocation.

This very good business opportunity provides a wide range of products all priced at around £1.

The concern employs two full-time members of staff and two part-time members.

The owners’ role is very hands on and she works full time.

The owner markets the business in local press advertisements and through word of mouth. The business doesn’t currently have a website.

As far as competition is concerned there is nothing in the immediate area in direct competition.

The client base consists of all ages and all types, from all backgrounds.

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 evenings and Sundays
• Increasing the product line
• Becoming more efficient with staffing levels
• With the introduction of a website and e-commerce.

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

Financial Details
The turnover for 2008 was £156,000 with a net profit of £30,000. The present value of the stock is £1,000 approximately and the fixtures fittings and equipment are worth £10,000.

The potential turnover of the business within the next 2 years is forecast to reach £210,000+ 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 10 years with 8 years remaining. The rent is £25,000 per annum.

Leasehold rent:

£25,000 per annum

Location:

This superb business opportunity is situated in the town of Bexleyheath, in the County of Greater London. It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample parking nearby.

The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.

The location is well linked with the A207, A3 and junction 2 of the M25. The business has clientele from a 10 mile radius. The locale offers a good lifestyle opportunity.

Premises details:

Property Details
The property is terraced and is part of a parade of shops and is approximately. The front is branded with an attractive glass front. There are manual 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.


To the rear is a store room. There is a toilet and staff facilities as well as a kitchen kitchen.

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

External
To the front there is Broadway.
To the rear there is parking.

Other information

Competition / Market:

As far as competition is concerned there is nothing in the immediate area in direct competition

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.

Reasons for selling:

Re-location

Trading hours:

The business operates from Monday to Friday between 7:30am and 6:00pm. On Saturdays the hours are 8:30am and 6:00pm.

Furniture / Fixtures value:

£10,000 (included in the asking price)