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.


Property information

Lease terms: 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.
Property: Leasehold

Business Operation

Years established: More than 10-years
Employees: 2
Trading hours: 7-days – 07.00 to 10-30 hrs.
Reasons for selling: Other business interests
Competition / Market: 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.

Other information

Inventory / Stock value: £5,000
Support & training: 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.
Price:
£159,950
Cash flow:
£0 - £100,000
Revenue:
£200,000 - £500,000
Seller financial available: N/A
Work from home: N/A
Franchise: No
Year established: More than 10-years
Employees: 2
Date: Tue 22 Feb 2011

Listing Expired!

Category: Supermarkets
Location: England > West Midlands
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