Confectioners In Westcliff On Sea Price Redcued 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.
- 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 £35,000 pa. (See financial summary below).
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Agents are delighted to place onto the market this thriving leasehold confectioner which has been established since 2009. The business has been in the hands of the current owners since inception and he now wishes to sell due other business interests.

Services
This very good business opportunity provides chocolates, greeting cards, retro and weigh out sweets.

Staffing
The concern employs no staff as it is family run. The total wage bill is £2,500.00pa.

Owners Role
The owners’ role is managing and working the business and works full time.

Marketing
The owner does not market the business however there is a website.

Competition
As far as competition is concerned there is none within at least 2 miles.

Market
The client base consists of local community, business persons and 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 and local and internet advertising.
• Increasing the product line to include Alcohol. Cigarettes & Newspapers.
• With an enhanced website.

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.

Financial Details
The present turnover is £35,000 per annum with a gross profit of £17,000. The wages are £2,500. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £78,000 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.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 3 years with 1 years remaining. The rent is £8,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £0.

Leasehold rent:

£8,000 per annum

Location:

- Situated in built up area of Westcliff-On-Sea in Essex.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of business persons, local community.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with M25, A13, A127, A1158 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 45ft x 35 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is carpeted with aisles, 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, staff facilities and a kitchen.

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 and local and internet advertising.
• Increasing the product line to include Alcohol. Cigarettes & Newspapers.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is none within at least 2 miles.

Reasons for selling:

Other business interests.

Trading hours:

Monday to Saturday: 0930am – 5.30pm
Sunday - Closed

Employees:

The owners’ role is managing and working the business and works full time

Years established:

45ft x 35 ft.

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:

£25,000 (included in the asking price)

Inventory / Stock value:

£10,000