Leasehold CTN And Off Licence In Loughborough For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £300,000 with a net profit of £40,000 (See financial summary below).
- A business with great potential which has not been exploited because the owners wish to re locate.
- An easily run operation.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a CTN and Off Licence.

History
Phoenix Business Transfer Agents are delighted to place onto the market this neighbourhood Leasehold CTN and Off Licence in Leicestershire which has been established since 1990. The business has been in the hands of the current owner since 2009 and they now wish to sell due to re location.

Services
This very good business opportunity provides a CTN and Off Licence.

Staffing
The concern employs 1 part time staff and the wages are £120 per week.

Owners Role
The owner and his wife are 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 and local and internet advertising.
• Increasing the opening hours to include earlier opening times.
• Increasing the product line to include other products.

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.


The present annual turnover is £300,000 with a gross profit of 30% and a net profit of £40,000. The wages are £6,000 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 £400,000 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 15 years with 13 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:

£8000pa per annum

Location:

- Situated in suburb of Loughborough in Leicestershire.
- A local neighbourhood shop.
- Excellent parking facilities outside.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is approximately 15ft x 40 ft. The front is branded with an attractive glass front. The main customer service area is carpeted with a middle aisle and 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 are a toilet and staff facilities.

Size in square feet:

15ft x 40ft

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 opening hours to include earlier opening times.
• Increasing the product line to include other products.

Competition / Market:

There is no local competition.

Reasons for selling:

wish to sell due to re location.

Trading hours:

Monday to Sunday: 8.00am – 10.00pm

Employees:

The concern employs 1 part time staff and the wages are £120 per week.

Years established:

21 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:

£15,000 (included in the asking price)

Inventory / Stock value:

£20,000