It is our pleasure at Kings Business Transfer to bring you news of yet another one of our sales: We’ve just sold The Lunch Box in the bustling Lancashire market town of Blackburn, which accepted an offer after just 5 months on the market.

 Established more than 30 years ago, the well known sandwich bar offers fresh cuisine with warm and friendly service, which has contributed to its loyal customer base.

The business currently operates on relatively short hours and is mainly reliant on counter sales, representing a terrific opportunity to increase opening times and expand the outside catering offering. These enhancements would significantly increase the weekly takings and ultimately enhance overall profitability.

KBT’s Director of Sales, Andrew Dodd said: “The Lunch Box has a great reputation and offered a fantastic opportunity to own and operate a thriving business in a delightful area. It was sold to an enthusiastic first time buyer and we look forward to seeing how the business grows and develops under its new ownership.

“We also wish to thank our client, Mr Ashworth, for the opportunity to sell such a wonderful business.”

Another fantastic business has been sold by Kings Business Transfer; this time in the shape of the Blessed Bean Café in the popular district of Urmston, Greater Manchester.

 Since trading commenced in 2009, the business has established a truly enviable reputation for offering fresh, wholesome food with friendly attentive service and therefore has built up an extensive and loyal customer base.

 Blessed Bean Café is located on a thriving parade of shops within a densely populated residential area with ample service road parking.  The area is subsequently a hive of activity attracting both regular local and passing trade throughout the day.

KBT’s Director of Sales, Andrew Dodd, commented on the sale and said:

“This wonderful little café is situated in a very prominent position on a very busy road, which presents opportunity for the cafe to really thrive, offering the new owner terrific development potential.”

Kings Business Transfer is pleased to announce the sale of Walney Island News convenience store in Cumbria, which accepted a deal after receiving 5 offers from different parties.

 This terrific convenience store occupies a great trading position, offering a well established and equipped convenience store which has been operating for more than 18 years.

 The store retails an extensive range of soft drinks, tobacco, and offers Paypoint and cash machine facilities. Alcohol is not currently being sold, offering the new vendor an opportunity to increase revenue with no extra capital costs by introducing this offering. There is wide selection of convenience and grocery lines, dairy products and a comprehensive range of newspaper and magazine titles also being sold.

 Director of Sales for Kings Business Transfer, Andrew Dodd, commented on the sale and said: “We are certain that this is a fantastic acquisition for the buyer. The store is in a delightful area and serves the people of Cumbria well.”

 The vendors, Keith and Lorraine Huddart, commented: “Many thanks for all your help with the sale of our property. We have always found everybody courteous and helpful at all times. Thank you once again.”

Kings Business Transfer is delighted to announce the sale of Beckingham Post Office in Doncaster, which accepted an asking price offer after receiving eleven offers from different parties.

The delightful Post Office and General Store occupies a monopoly position on the village green of the popular and desirable village of Beckingham.

Having successfully served the village for many years, this heavily relied upon business has forged strong relationships with the local community and the business subsequently has an extensive and loyal customer base, enjoying high levels of footfall.

The business retails a selection of newspaper and magazine titles, confectionery, convenience groceries, greetings cards, ice cream and the famous filled rolls (made to order),  traditional beers, wines and spirits, soft drinks and the usual Post Office services and well as Euros on demand.  Our client also received commission from operating as a dry cleaning and alterations agent.

Kings Business Transfer’s Andrew Dodd said: “We were thrilled to be able to secure such a good price for our client and are certain that the opportunity is a fantastic acquisition for the buyer. Although already a thriving business, Beckingham currently operates on short opening times and therefore offers fantastic potential for future growth and development. 

There is also opportunity to extend the range of stock lines to create a one stop Convenience Store whilst capitalising on the evening trade to accommodate the day to day needs of the village.”

March was an excellent month for Kings Business Transfer, who saw the completion of 2 prestigious licensed businesses.

Westgate Wine And Cheese Company sold within just 6 months of coming onto the market with Kings and received 3 offers from interested parties.

The business acts as a delightful delicatessen in the heart of Halifax, serving sandwiches, coffee and baked goods - not to mention offering the sale of upmarket wines & cheeses to its loyal customer base.

Director of Sales, Andrew Dodd was delighted to have facilitated the sale and said,

“I’m thrilled that Westgate Wine & Cheese sold so quickly AND for its asking price. Interest was sparked as soon as the business came onto the market with us and a price war ensued between buyers. I am very proud of the King’s team for completing this sale.”

Kings Business Transfer also saw the completion of The Wine Lodge - a popular Off Licence located in Eccles, Manchester.

The business, which is fitted to an exceptionally high standard throughout, offered potential purchasers a great investment, being a much needed asset to the local community.

Like Westgate Wine & Cheese, The Wine Lodge received multiple offers from interested parties and sold for very near it’s asking price.

If you are thinking about BUYING or SELLING a business visit http://www.kingsbt.co.uk or call us on 01772 775758 to see what Kings Business Transfer can do for you!

Kings Business Transfer is marketing a well known sea-front Hotel in Weston-Super-Mare.

The Mentone Hotel, which overlooks Weston-Super-Mare’s £120m promenade, operates from a commanding and imposing three storey property. The complex has 17 en-suite bedrooms and two fully licensed bars. There is also a 120 cover dining room, a restaurant with a further 120 covers, as well as 180 covers at the front of the property which overlook the Weston Bay sea front.

 The business has been under its current ownership since 1972 and operates successfully from a 50% Wet, 30% Dry and 20% Accommodation trade split.

 KBT’s Andrew Dodd, who is handling the sale, said: “The Mentone Hotel is a successful and lucrative business which enjoys repeat trade year after year.

 “There is potential to increase the number of letting rooms and introduce wedding packages or a private hire suite. There is also potential to remarket and develop as one large leisure complex, subject to the correct plans and permission.”

 For more information about this opportunity please call Kings Business Transfer on 01772 775 775.

Kings Business Transfer are delighted to announce the recent sale of a Spar Convenience Store in Accrington, which received 8 offers from numerous interested parties.

The business occupies a prominent main road position within a densely populated residential area and had been run by our client for over 23 years. Over this time the Spar franchise has built up an excellent customer base and reputation.

The business benefits from it’s spacious and well fitted sales areas along with the 4 bedroom self contained accommodation included in the sale. With weekly takings of £12,500, not to mention the Lottery, Paypoint and Cash Machine commission, it is no wonder that the business received so many offers.

Andrew Dodd - Director of Sales for Kings Business Transfer said,

“Convenience stores have proven to be an excellent investment for potential purchasers in this tough economic climate. We have seen in recent news the demand for local convenience stores and even Morrison’s is set to expand its portfolio with the intention to open at least 70 Morrisons M local stores by the end of 2013.”

If you are thinking about BUYING or SELLING a business visit http://www.kingsbt.co.uk to see what we can do for you.

Kings Business Transfer is delighted to announce the sale of Jemima’s Tasty Surprises restaurant in the delightful town of Grasmere, Cumbria.

The coffee shop & bistro received two offers from different parties interested in snapping up the business, which boasts an excellent trading location in the heart of the Lake District, not to mention the rave reviews on TripAdvisor.

Director of Sales, Andrew Dodd commented on the sale and said,

“It is no wonder that this business received interest from different parties. It has an excellent trading location, stunning surroundings and an enviable reputation. We are thrilled to have facilitated this sale and wish both parties all the best for the future.”

Jemima’s Tasty Surprises is just one of the many businesses SOLD by Kings in 2013.

The following businesses have also been completed this year:

Bargain Booze Off Licence - Newquay, Cornwall

The Corner Shop Convenience Store - Altrincham, Cheshire - Which received MULTIPLE offers, from many different parties.

A E Hubb Butchers - Newcastle Upon Tyne - Which SOLD within 6 months of coming onto the market.

Stop N’Drop Dry Cleaners - Darwen, Lancashire

Esquire Convenience Store - Nottingham, Nottinghamshire

These are just a few examples of our recent sales.

If you are thinking about BUYING or SELLING a business visit http://www.kingsbt.co.uk

As we approach February, Kings Business Transfer is delighted to announce that we have experienced record enquiry levels at the start of this year- in fact, our enquiry levels for January are up 75% on last year and are continuing to increase week on week.

 For many, the early months of the year are often a time for change and true to that, the early months of the year is one of our busiest times for receiving new enquiries from people looking to buy a business. Many people are planning for the year ahead at this time and implementing their strategies for 2013.

 One of the most important considerations when it comes to buying a business is to know your industry.

 For example, the retail sector: Yes, big brands with big debts are struggling, but small, independent stores with a good product and a good service proposition are doing well.

UK convenience stores generated total sales of £33.9 billion in the 12 months to April 2012, a 4.6% increase on the previous year. Convenience now represents 20.8% of the total UK food and beverage retail market, according to food and grocery analysts IDG. IDG expect the convenience sector to be worth £41.3bn in annual sales by 2015, which represents a 33.7% increase over a five year period.

 Another well performing sector is the Coffee Shop industry. ‘Coffee shop culture’ has become somewhat of a phenomenon of late. Coffee Shops are continuing to stimulate the high street and last year they served up £2bn of coffee – double the sales recorded in 2005.

 The pub and licensed sector is one which experiences a certain degree of negativity in the media, with pub closures being widely reported. However, food-led pubs are performing well and we regularly deal with a number of acquisitive operators who are looking to add good quality establishments to their portfolio.

 As for Hotels, Guest Houses and B&Bs; 2012 was another year of austerity, which points towards another year of ‘stationcationing’. A forecast from STR Global also predicts that there will actually be an increase in supply and demand in 2013, according to bighospitality.co.uk. And Russell Kett, chairman of hotel consultancy business HVS London says he anticipates more hotel transactions as buyer interest remains strong and some funding becomes available.

 The next step is raising the finance. Familiarise yourself with financial management, tax basics and obligations, and find and compare different loan options for your business. Funding is available- it was reported in December 2012 that lending to businesses has increased, due to the ‘Funding for Lending’ scheme that was launched in August. The aim of the scheme is to increase bank lending by roughly £60m, which if successful is good news for business buyers. Finances in general also lend more readily to an existing business with a trading record. At Kings Business Transfer, we can offer introductions to professional funders who can discuss tailored financial products which meet our clients’ individual needs.

 There are a number of advantages to buying an existing business, such as an already established customer base, contracts, suppliers, staff, equipment and stock. You will also acquire the goodwill that is associated with the name and location of the business, and often the previous owner will share their knowledge with you and help you settle into the running of the business.

 At Kings Business Transfer, we have a wide portfolio of businesses for sale on our website at www.kingsbt.co.uk. For more information about our businesses for sale or business buying in general, call us today on 0844 3877 300.