Fish Deli Lee On Solent Price Reduced For Sale

Business description

The particular highlights of the business are:
- 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 £57,200 pa with a net profit of £26,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because of other business interests .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- This business opportunity provides fresh fish, cold meats, various types of cheeses, pasta, baked breads and is
Licensed to sell wines ands spirits.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving, very busy fish delicatessen which has been established since 2004. The business has been in the hands of the current owners since 2010 and they now wish to sell due to other business interests.

Services
This very good business opportunity provides fresh fish, cold meats, various types of cheeses, pasta, baked breads and is licensed to sell wines and spirits.

Staffing
The concern is family run and a dividend is taken as and when required.

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

Marketing
The owner markets the business by way of flyers, leaflet drops and business cards, however they do not have a website.

Competition
As far as competition is concerned the nearest is 6 – 7 miles away.

Market
The client base consists of locals, business people and some tourists.

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 Mondays.
• Increasing the product line to include preservatives and associated products..
• With the introduction of a website and e-commerce.

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 information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 9 years remaining, up till 2021. The rent is £4,800 pa with a review in 2 years. The lease may be renewable or negotiable for longer term if required. The rates are £900.00.

Leasehold rent:

£48,000 per annum

Location:

- Situated in High Street area of Lee-On-Solent in Hampshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A27, A32 and good railway links

Premises details:

The property is terraced and is part of a parade of shops and is approximately 40ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled. There is a large chiller. It is very well presented and is very conveniently laid out.

To the rear is a store room, toilet, staff facilities and a fully equipped 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 opening hours to include Mondays.
• Increasing the product line to include preservatives and associated products..
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned the nearest is 6 – 7 miles away.

Reasons for selling:

Other Business interests

Trading hours:

Tuesday to Saturday – 09.00am to 4.00pm
Sunday & Monday – Closed

Employees:

The concern is family run and a dividend is taken as and when required

Years established:

8 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:

£9,000 (included in the asking price)

Inventory / Stock value:

£15,000