Fully Refurbished Busy Cash & Carry In Thornton Heath 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 £350,000 pa with a net profit undisclosed (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 partnership
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides cash and carry.

History
Phoenix Business Transfer Agents are delighted to place onto the market very busy Cash and Carry which has been established since 1980. The business has been in the hands of the current owner since 2000 and now wishes to sell due to retirement.

Services
This very good business opportunity provides Asian Cash and Carry.

Staffing
The concern employs no staff and is family run.

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
As far as competition is concerned there is another similar business some 1/4 miles away.

Market
The client base consists of locals and some commercial clients.

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 later pms.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced 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 £350,000 with a gross profit of £87,500and a net profit undisclosed. The present value of the stock is £35,000.
The potential turnover of the business within the next 2 years is forecast to reach £500,000 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 16 years with 16years remaining. The rent is £25,000pa with a review in 4 years. The rates are £5,300.

Leasehold rent:

£25000pa per annum

Location:

- Situated in the very busy area of London Road in Thorton Heath.
- Prominent location on main arterial road.
- Part of a parade of shops part of the main shopping centre.
- Excellent free parking facilities nearby.
- 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.
- Well linked with the central London by both road and Rail.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops. 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 aisles and shelving to the walls. It is very well presented and is very conveniently laid out.
The unit has been fully refurbished to a high standard.
To the rear is a store room with a large walk in fridge. There is a toilet, staff facilities and a fully fitted kitchen.

External
To the rear is large yard and rear entrance.

Other information

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

Competition / Market:

As far as competition is concerned there is another similar business some 1/4 miles away.

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.

Reasons for selling:

now wishes to sell due to retirement.

Trading hours:

Monday to Saturday: 8.30am – 8.00pm
Sunday 9.30am – 5.00pm

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£35,000