Busy Convenience Store & Off Licence In Balham For Sale

Business description

The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- 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 £520,000 pa with a net profit of £58,500. (See financial summary below)
- A business with great potential which has not been exploited because .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this convenience store which has been established since1981. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to business ventures abroad.

Services
This very good business opportunity provides confectionery, newspapers, cigarettes, alcohol, groceries, phone cards, Paypoint and various other items.

Staffing
The concern employs 2 full time staff and the wages are £26,000 per annum.

Owners Role
The owners’ role is managing and overseeing the business and works as and when required

Competition
As far as competition is concerned he is not unduly affected.

Market
The client base consists of local community, students, business people, tourists 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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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.


The present turnover is £520,000 per annum with a gross profit of £234,000 and a net profit of £58,500. The wages are £36,000. The present value of the stock is £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £700,000 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 lease has 8 years remaining. The rent is £21,500 pa. The lease may be renewable or negotiable for longer term if required. The rates are £5,000.

Leasehold rent:

£21500pa per annum

Location:

- Situated in Balham area of South West London
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by well densely populated residential area with schools and other local amenities.
- Local population consists of students, tourists, business persons and local community.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A24, A232, A23 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 40 ft x 25 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 with a number of aisles 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, a toilet and staff facilities.

Size in square feet:

40ft x 25ft

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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned he is not unduly affected.

Reasons for selling:

now wishes to sell due to business ventures abroad.

Trading hours:

Monday to Friday: –7.00am – 12.00am
Saturday: 7.00am – 2.00am
Sunday: Closed

Employees:

The concern employs 2 full time staff and the wages are £26,000 per annum.

Years established:

30 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:

£20,000 (included in the asking price)

Inventory / Stock value:

£35,000