Off Licence General Store St Leonards On Sea For Sale

Business description

Business Details
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 £450,000 with a high net profit (see financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple.
- Business enjoys superb local reputation.
- The concern provides general store and off license.

History
Phoenix Business Transfer Agents are delighted to place onto the market this General Store which has been established for 20 years. The business has been in the hands of the current owner for 11 years and now wishes to sell due to other business commitments.

Services
This very good business opportunity provides a General store and off license.

Staffing
The concern employs 3 part time members 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 and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with local and internet advertising.
• Increasing the opening hours to include late evenings and Sundays to take advantage of the off license.
• Increasing the product line to include possible sandwiches etc.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Take on lotto and pay points.

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 approximately 30 ft x 16 ft. It has a large basement and small rear yard. The front is branded with an attractive glass front. There are electric 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. The property consists of two large shops; one side can be closed and run as the off license.

There is a toilet, staff facilities and a kitchen.

EXTERNAL
To the rear is a small yard.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

FINANCIAL DETAIL
The present annual turnover is £450,000 with a gross profit of 22%. The wages are £300-400 p/w. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £550,000 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 10 years with 4 years remaining. The rent is £16,120 pa. The lease may be renewable or negotiable for longer term if required. The rates are £1,000.

Leasehold rent:

£16,120 pa per annum

Location:

- Situated next to the Main Line station of St Leonards On Sea.
- Prominent location very close to the main shopping area.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade and tourist trade in the summer season.
- Good volumes of traffic and pedestrian flow
- Well linked with trains to London.
- Sea front is close by.
- Area enjoying much growth and re generation.
- A lifestyle area.

Premises details:

The property is terraced and is approximately 30 ft x 16 ft. It has a large basement and small rear yard. The front is branded with an attractive glass front. There are electric 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. The property consists of two large shops; one side can be closed and run as the off license.

There is a toilet, staff facilities and a kitchen.

EXTERNAL
To the rear is a small yard.

Size in square feet:

30 ft x 16 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 local and internet advertising.
• Increasing the opening hours to include late evenings and Sundays to take advantage of the off license.
• Increasing the product line to include possible sandwiches etc.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• Take on lotto and pay points.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to other business commitments.

Trading hours:

Monday to Saturday: 8.00 am – 8.00 pm.

Employees:

The concern employs 3 part time members of staff.

Years established:

20 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:

£10,000 (included in the asking price)

Inventory / Stock value:

£10,000