Highly Profitable Birmingham CTN Off Licence With Accommodation For Sale

Business description

Business Details
The particular highlights of the business are:
- An unopposed and highly profitable concern.
- A long established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £884,000 with a net profit of £150,000 (see financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or a partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides CTN and an off licence with an exceptional variety.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving CTN and off licence in Birmingham which has been established since the 1960’s. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides a high quality CTN and off licence service.

Staffing
The concern employs 1 part time and 1 full time member of staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of locals, regulars 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 including local and internet advertising.
• Increasing the opening hours.
• Increasing the product line.
• Becoming more efficient with staffing levels.

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 detached and is a double unit with large accommodation. The shop is modern and well presented with a large retail shop floor and large storage to rear. The accommodation is 3 bed rooms with a kitchen, toilet and bathroom. There is also a lounge. The rental potential is £600 per month.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £30,000.

Financial Details
The present annual turnover is £884,000 with a gross profit of 25% and a net profit of £150,000. The present value of the stock is £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £1 million pa 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 Phoenix Business Agents Limited 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 21 years with 19 years remaining. The rent is £20,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,200 pa.

Leasehold rent:

£20,000 pa per annum

Living accommodation:

The accommodation is 3 bed rooms with a kitchen, toilet and bathroom. There is also a lounge. The rental potential is £600 per month.

Location:

- Situated in Rowley Regis area of Birmingham in West Midlands.
- Prominent location just off main arterial road.
- Excellent free parking facilities immediately outside.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.

Premises details:

The property is detached and is a double unit with large accommodation. The shop is modern and well presented with a large retail shop floor and large storage to rear. The accommodation is 3 bed rooms with a kitchen, toilet and bathroom. There is also a lounge. The rental potential is £600 per month.

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.
• Increasing the product line.
• Becoming more efficient with staffing levels.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to retirement.

Trading hours:

Monday to Friday
Saturday
Sunday

Employees:

The concern employs 1 part time and 1 full time member of staff.

Years established:

Since 1960's

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:

£30,000 (included in the asking price)

Inventory / Stock value:

£35,000 (included in the asking price)