Leasehold CTN Off Licence & Stores In Swansea For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £280,000 pa with a net profit of £20,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides newsagents, off license, general store, a snack bar with eat in or takeaway service and is also an agent for PayZone.

History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold CTN/Off License/General Store and Snack Bar which has been established since 1951. The business has been in the hands of the current owner since 1986 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides newsagents, off license, general store, a snack bar with eat in or takeaway service and is also an agent for PayZone.

Staffing
The concern employs 3 part-time staff and the wages are £5.93 per hour.

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 local residents with high volumes of passing trade. Two local schools also provide high volumes of student and parent trade during term times.

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 Sunday afternoons and evenings.
• Increasing the services to include outside catering services.
• There is potential to develop the catering side of the business and create a café area inside the premises.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a 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.

The present annual turnover is £286,000 with a gross profit of 30% and a net profit of £20,000. The wages are £5.93 per hour. The present value of the stock is £14,000.
The potential turnover of the business within the next 2 years is forecast to reach £364,000 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 current lease is on a rolling agreement. The rent is £5,200 pa. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.

Leasehold rent:

£5200pa per annum

Location:

- Situated in the Townhill area of Swansea in South Wales.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a 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.
- Well linked with the A483, A4126 and M4.
- Swansea City Centre, Llanelli and the Gower Coast all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 450 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled/carpeted/wooden with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.

The café has up to 8 covers outside which could be increased. The customer service points are located on the left for the shop and the servery is to the rear. There is an overhead menu.

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

Size in square feet:

450sq 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 and local and internet advertising.
• Increasing the opening hours to include Sunday afternoons and evenings.
• Increasing the services to include outside catering services.
• There is potential to develop the catering side of the business and create a café area inside the premises.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website.

Competition / Market:

There is no local competition.

Reasons for selling:

he now wishes to sell due to retirement.

Trading hours:

Monday to Saturday 5.15am – 6.00pm
Sunday 6.00am – 1.00pm

Employees:

The concern employs 3 part-time staff and the wages are £5.93 per hour.

Years established:

60 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:

£30,000

Inventory / Stock value:

£14,000