Prime Retail Unit Dvd Hire & Retail Deli for Sale

Business description

Prime Retail Unit, DVD Hire & Retail, Deli Sandwich Bar,
Mauds Ice Cream Parlour, Tanning & Toning Studio and Internet Café

This one stop shop combines everything for the customer all under one roof. Fitted out to a high standard the store comprises of a Deli Sandwich Bar, Ice Cream Parlour, Tanning Studio, Internet Café and DVD Hire & Retail.

The business is situated in a great location that benefits from the trade of many local households and is ideally placed with high levels of passing traffic throughout the day, seven days per week. This store is the “place to meet”, with friendly atmosphere and staff customers can enjoy excellent fare such as hot and cold drinks, Panini’s and wraps from the deli counter or popular Maud’s ice-cream from the ice cream servery.

The business operates a convenient Internet Café and there is a constant stream of business for the three stand up tanning booths and toning sessions.

Operating from a prime location the business has established itself as one of the region’s leading independent stores being supported by excellent business relationships with key suppliers.

Offering so much under one roof this renders the business an excellent opportunity for a new owner.

Equipment: All of the fixtures and fittings currently installed and used by the business are included in the asking price;

• 3 Freezers
• 2 Serveovers - Separate Icecream and Food
• 4 Computers
• Fridge
• Cash Register
• Pannini Grill
• Bain Marie
• 3 Sun Beds
• 1 Toning Machine

Customer Service:

This business provides quality products at the right prices, with the emphasis on service, value, quality and honesty from the friendly staff.

Key Strengths:

The business is well established and profitable, with a strong and growing customer base, retaining a high level of return customer, many of whom having done so on a regular basis, due to the friendly welcome. The store is ideally positioned and eye-catching and the range of products and services available makes the business more lucrative.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £145,000 per annum
Adjusted Net Profit circa £25,000.

Property information

Property:

Leasehold

Lease terms:

Leasehold and renewable in 2013 the annual rent is £24,000 per annum with rates of £7,000 per annum.

Location:

This prime double fronted, ground floor unit was originally two shops and is now combined as a bright retail outlet for value for money quality products and service.

Well lit with suspended ceilings and having wood type flooring, the premises are fully air conditioned and comprise of two serve over counters for the deli section and ice cream, plus there is a freestanding cold drinks machine. Customers can sit and enjoy the welcoming atmosphere in the coffee shop and also the Internet Café, which has four stations. DVD’s are well displayed for sale or hire in units to one wall. The 3 stand up tanning booths and toning area is located to the rear of the premises. There are also toilets on the premises and a useful store.

The premises are covered by CCTV.

Leasehold and renewable in 2013 the annual rent is £24,000 per annum with rates of £7,000 per annum.

Business Operation

Expansion potential:

The business has established a strong name and there is potential for further business should the new owner wish to extend the opening hours. With the early evening and night time being the busiest time of day the business could consider extending the opening hours to generate maximum sales.

Additional investment in marketing could also achieve increased sales and profits.

The sale of this business presents a rare opportunity to acquire an extremely well organised and successful business.

Competition / Market:

The business has a large repeat customer base, testimony to the excellent reputation this business has for its selection of quality products and value for money prices and friendly service. The business for sale benefits from excellent signage and trading location.

Reasons for selling:

Retirement.

Trading hours:

Monday – Saturday: 9am – 10pm
Sunday: 12am – 10pm

Employees:

Owner – full time 4 part time staff

Other information

Support & training:

The owners are happy to assist with full hand over and the training to ensure a smooth transition of the business to its new owners.