Bedfordshire High Turnover Convenience Store Plus Sav For Sale

Business description

Business Details
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 £450,000 with a gross profit of £112,320(see financial summary below).
- A business with great potential which has not been exploited because the owners have other business commitments.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
We are delighted to place onto the market this high turnover convenience store which has been established since 2005. The business has been in the hands of the current owners since 2005 and they now wish to sell due to other business commitments.

Services
This very good business opportunity provides newspapers, magazines, greetings cards, groceries, toiletries, confectionary, tobacco, alcoholic and soft drinks.

Staffing
The concern employs two staff. Both are part time. The total wage bill is £18,000 pa. All staff would stay on after a sale.

Owners Role
The owner’s role is hands-on and they work split days to cover a 7 day week.

Marketing
The owner markets the business using leaflets for local residential door drops and is listed on the store finder section of the Londis central website.

Competition
As far as competition is concerned there is one small local Co Op and a Post Office.

Market
The client base consists of local residents with a high level of 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 including local and internet advertising.
• Increasing the opening hours to include late evenings to gain more off license trade.
• Increasing the product line to include the National Lottery and a wider range of wines, beers and spirits.
• Becoming more efficient with staffing levels.
• With the introduction of an individual 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.

Property Details
The property is terraced and is part of a parade of shops and is approximately 950 sq ft. The front is branded with an attractive glass front. There are electric/manual shutters and a CCTV system. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room and office. There is a toilet, staff facilities and a fully equipped kitchen.

External
To the front there is free customer parking.
To the rear there is one free parking space designated to the store.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £40,000.

Financial Details
The present turnover is £468,000 per year with a gross profit of £112,320. The wages are £18,000 pa. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £600,000 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 4 and is currently on a rolling lease agreement. The rent is £6,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,600 pa.

Leasehold rent:

£6,000 pa per annum

Location:

- Situated in the village of Gamlingay in the area of Sandy in Bedfordshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A1 and B1040.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 950 sq ft. The front is branded with an attractive glass front. There are electric/manual shutters and a CCTV system. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room and office. There is a toilet, staff facilities and a fully equipped kitchen.

External
To the front there is free customer parking.
To the rear there is one free parking space designated to the store.

Size in square feet:

950 sq ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late evenings to gain more off license trade.
• Increasing the product line to include the National Lottery and a wider range of wines, beers and spirits.
• Becoming more efficient with staffing levels.
• With the introduction of an individual website and e-commerce.

Competition / Market:

As far as competition is concerned there is one small local Co Op and a Post Office.

Reasons for selling:

Owners now wish to sell due to other business commitments.

Trading hours:

The concern employs two staff. Both are part time. The total wage bill is £18,000 pa. All staff would stay on after a sale.

Employees:

2

Years established:

5 years

Other information

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.

Furniture / Fixtures value:

£40,000 (included in the asking price)

Inventory / Stock value:

£20,000