Sold Businesses and Testimonials
Here is a small selection of businesses that our sales team have been involved in selling. Our sales team have 25 years collective experience in selling businesses.
| Sold Businesses | |
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Phoenix Business Agents Ltd racked up another top business sale in the closing hours of 2011 with members of the Phoenix business transfer agents team joining forces to close a successful deal on a leasehold hair salon in Stafford in the County, Staffordshire. The business, which makes a yearly net profit of £30,000, completed sale on 20th December 2011 fetching a respectable price. The expertise of Phoenix Business Agents Oxford was instrumental in clinching a deal for the business operators, who had been running the salon for the past five years. Creating promotional materials of the highest quality, which emphasised the businesses major strengths, the team of skilled marketers arranged ten viewings and listened to three separate offers. Speaking about Phoenix’s dealings, the business owners said: “the staff at Phoenix were very flexible, very professional and always helpful. They were easy to speak to, built a great rapport with me and dealt brilliantly with the sale”. Located in a commercially thriving part of town, the business benefits from shopping precincts, busy industrial estates and an MOD base nearby. Put up for sale due to the vendors wish to immigrate to Australia, the unisex salon markets itself in the local press and with mail drops every quarter. The staff at Phoenix Business Agents Ltd emphasised the selling point of this salon over a competitor 1.5 miles away by focusing on their offer to a clientele of both genders, with a number of workstations designed for each. “We noticed that the competitor catered primarily for female customers” said a member of the Phoenix business sales team. A large part of the successful sale was no doubt down to the communication lines kept open between the proprietors and Phoenix Business Agents. Complaints over the service were non-existent. “They kept me updated at all times, were always very keen to help and dealt with the whole sale very successfully” said the owners. The purchaser was just as complimentary of the service: “The Phoenix staff were very friendly and professional, keeping in contact throughout the process”. |
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The team at Phoenix Business Agents Ltd secured another victory in the field of business sales in December after working tirelessly to clinch the sale of a leasehold specialist off licence in Melton Mowbray, Leicestershire. The property, which makes a yearly turnover of £353,000, found a buyer on the 3rd October 2011 and completed sale a matter of months later on 8th December. Capitalising on their skill and expertise in the market, the Phoenix Business Agents sales team managed to arrange four viewings for the business before locating a purchaser. The current owners, who had been running the business since 2004, commentated that the “overall service of Phoenix Business Agents of Oxford was good, especially given that they found a buyer on the 3rd of October and completed the transaction soon afterward”. Faced with the challenge of searching for a buyer while the business operated with over £60,000 worth of stock, Phoenix business transfer agents took a shrewd marketing approach highlighting the potential of the business and the lack of any real competitors in the area. According to the experienced sales team at Phoenix Business Agents, complaints from potential buyers over the inability to raise profit margin levels could be well remedied by increasing the product line and stock levels and increasing market activity with local and internet advertising. According to the owners, Phoenix Business Agents’ marketing of the business, which provides specialist wines and other convenience products, was highly effective. “The business was widely advertised across a range of websites and we were very happy with the overall advertising methods including cash flow figures. The representative who came to see us, Mr Zulf Hamid, was a nice gentleman and very efficient at catering to our needs”. For Phoenix Business Agents Ltd this small victory closes yet another successful year of operation despite a tough economic climate. “We were very relieved that the sale went through as quickly as it did from offer stage and that it was completed before Christmas”, said a member of Phoenix business transfer agents. |
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BUYER FOUND IN 3 HOURS FOR FULL ASKING PRICE. Yes that’s right! The Owners were very surprised at Phoenix’s valuation of £55,000 and were happy with a much lesser sum. The key to achieving a top price was the potential of the business. The Owners concern for utmost discretion in a very competitive market place did not deter Phoenix from finding a buyer almost immediately who purchased the business. Another great success for Phoenix. |
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AN EFFICIENT SALE AT A GREAT PRICE! Debra Dumbleton came across Phoenix as a buyer and then decided to have her business valued. After carefully considering the business which was still very much in its infancy and just ”turning the corner” a market price of £105,000 was put on the business. Debra was stunned and felt it was a hard price to achieve especially in the economic climate but trusted our judgement. A month later she accepted a price of £100,000 plus SAV with much joy. The business completed without any complications and Debra left a very happy client. She even instructed Phoenix to do a valuation on another business she wished to buy. She has since been very happy to recommend Phoenix. |
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An urgent sale was required by the client as he was emigrating and the Phoenix team got on the job. An aborted sale did not prevent a swift sale. E mail from the owner read: "Hi Donna, I would like to take this oppertunity to thank you for your excellent service, I was always so grateful to hear your friendly voice at the other end of the phone as I know I called you up to 10 times a day and you never got annoyed. Your communication was outstanding and always very prompt. The quality I really appreciated was that you actually really cared, and, that is rare in this day and age. So 5 stars to you donna, it was an absolute pleasure. Please thank Steve, Stuart and Dawn and a big thanks to Zulf, he's awesome." Kind Regards Dennis Duminy 1540 Email From Purchaser upon conclusion of sale: Many thanks for your help and support, I think you did everything extremely well. Business sales agents are not always so helpful and communicative as I have recently found to my cost when dealing with another agent in Spalding who really rotted things up for me over another (entirely different) deal. Thanks again, Don Fowdrey |
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Phoenix business agents took on this business just 12 months ago. This established fish and chip shop was successfully sold. Over this period 6 serious buyers were identified by Phoenix Business Agents. Complaints from the owner as to the state of the economy did not deter the Phoenix Business Sales Team from a diligent effort. |
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An incredible 38 interested parties were unearthed by the phoenix business sales team which lead to the eventual sale of this very successful business. This business was part of a small chain close to central London in a busy and vibrant area of the city. This business was highly profitable and the new owners are very delighted with the new business. |
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The phoenix business agents team secured a successful sale of this business after 19 interested parties were generated. The relentless marketing campaign lasted for over 12 months. Another success for Phoenix Business Agents. Complaints often heard regarding lack of finance did not deter a sale. The new owners are very confident about continuing the success of this business. |
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This was a difficult business to sell. However the Phoenix Business sales team have become somewhat good at selling dry cleaning businesses. A successful sale was very satisfying for Phoenix Business Agents. Complaints about the financial profile of the business did not deter a sale. |
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This fish and chip shop was on the market for 4 months and during this time a sale was completed. Another great success for Phoenix Business Agents from Oxford. The owner was very happy as were the new buyers. |
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The sale of this Cafe was achieved after a lot of negotiating by Phoenix. There were several issues with the lease and we had to ensure the solicitors kept things moving. Mr P, the vendor of the business gave us the following feedback; “Phoenix provided me with a good service and fulfilled their promises. Although I haven’t had any experience of other agents, I thought the marketing material produced was good and I feel they have provided me with good value for the fee I paid. The sale did drag on due to issues with the lease, but I was kept informed throughout. I found Phoenix to be very professional and have a good knowledge of the industry.” |
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We arranged 22 viewings and achieved 4 offers for this Post Office. We worked relentlessly to steer the offers upwards until we achieved a figure the vendor was happy to accept. |
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We worked tirelessly to achieve the sale of this Café. We arranged 11 viewings and followed up every lead to eventually achieve a sale for an undisclosed sum. |
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Phoenix Business Agents Ltd achieved two offers on this Café and we negotiated between the vendor and the interested parties to achieve the best price possible for our client. Following the completion of the sale Mr Hussain commented; “Phoenix have provided an excellent service, the money you charged to sell my business was very reasonable and the advertising was very good. I was sick and tired with my landlord taking so long to complete paperwork, but your determination and communication to get some action between all concerned was a big help. You always gave me feedback and spoke to me regularly and you have been a pleasure to work with. Rachel in particular has been super! |
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Phoenix had a lot of interest in this Post Office and achieved an offer the vendor was very happy with. The vendor commented; “The consultant who came to see me was very knowledgable and informative and produced very professional advertising material which generated a lot of interest in the business. I thought the fees were good value and a lot cheaper than other agents I dealt with previously. Phienix worked very hard to achieve a sale in a very difficult economic climate. I was kept very well informed along the way and developed a good rapport with the sales team. I am now looking for a new business and I will definitely make Phoenix my first port of call.” |
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The sale of this business was completed within 16 weeks of being placed on our books!
The vendor placed this Café on the market with Phoenix in February 2011. An offer was accepted in March and the sale completed in June. The vendor made the following comments regarding the service we provided; "I am very pleased with the speed and professional way the sale of my business was handled. Phoenix managed to achieve a good price for the business and I am very happy with everything they have done.” |
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Phoenix found a Cash Buyer for this Beauty Salon within 5 weeks of it coming onto our books. Under difficult circumstances completion was achieved within 14 weeks of the offer being accepted. This was due to the professionalism of our dedicated sales team who did everything in their power to ensure the sale for an undisclosed sum was achieved. |
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Phoenix were instructed to sell this leasehold garage under strict time scales. Inside sixteen weeks Phoenix had found a buyer from within the industry and progressed the sale to completion, meaning the vendor avoided going into liquidation. Another happy ending thanks to the skill of our dedicated marketing team! |
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After meeting with several other Agents, Jane Taylor decided to place her business on the market with Phoenix Business Agents as she was impressed with the professionalism of our consultant and also liked our proactive selling strategy. The business was placed on the market in July 2010, an offer was made in September 2010 and the sale completed in December 2010. Upon completion of the sale Jane made the following comments: “I am so pleased I chose Phoenix to act as my Agent; they did everything they promised to do. They handled the viewings discretely as was my request as I didn’t want to alarm my staff. They achieved a great price for my business and kept me informed of every development along the way. The staff were always very efficient, pleasant and polite. I am very happy with the service I received and it has been worth every penny of the Agency fees” The purchaser of this business made the following comments: “I highly recommend Phoenix – in fact I have passed their details on to a friend. If I ever come to sell the business, I will definitely use Phoenix. |
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This home based, relocatable Internet based business was placed on the market with Phoenix in May 2010. Prior to the vendor contacting Phoenix he had researched the industry and chose Phoenix above the other agents out there. Upon completion of the sale Mr Bennett gave us the following feedback: “ Phoenix facilitated quite a difficult sale with minimum fuss. Enquiries were always dealt with in a professional manner, viewings were always arranged promptly and feedback given. The communication was very good, with regular updates each month. I have now moved on to other things, but when I sell my new business, Phoenix will be my agent of choice.” |
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The vendor of this business Mr Gupta placed his sandwich bar on the market with Phoenix having previously been on with another agent without success. He signed on our books in April 2010. We achieved an offer in June 2010 and the sale completed in October 2010. Upon completion of the sale Mr Gupta made the following comments: “I give Phoenix 10/10! I am really pleased with the service they provided. The staff were friendly and helpful and always explained everything very clearly. As English is not my first language this really took the worry out the process for me. I would recommend Phoenix, they provide an excellent service – thank you, thank you, thank you!” The purchaser made the following comments: “Although the landlords and solicitors dragged things out, Phoenix always kept me informed and progressed the sale in a professional manner. I feel Phoenix provided a very efficient service”. |
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This catering concern came on to our books in March 2010. After an aborted sale when the purchaser pulled out at the 11th hour due to personal circumstances, we pulled out all the stops to sell this business. When a cash buyer was found the sale completed very speedily – less than six weeks, allowing the vendor to concentrate fully on his other business interests. |
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The owner instructed Phoenix after having used other agents and a successful sale was achieved. |
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A GREAT SUCCESS FOR PHOENIX. Phoenix was instructed in connection with this business after the owner hunted for an appropriate agent over a 3 month period. He was suffering from health issues and the business was getting tougher to operate. The business was carefully priced with a target price in mind. With its unique brand of marketing and expertise it took Phoenix 3 months to uncover a suitable buyer who purchased the business for the price of £50,000 plus SAV. Mr Blue was very pleased and was able to retire in comfort knowing that even during tough times he achieved a good price for his business which he had carefully nurtured. Another satisfied client. |
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This business was a tricky sale as the concern was relatively new and profits were low. Phoenix managed to find a buyer for an undiclosed price. The business was marketed on potential which was a deciding factor for the Purchaser. |
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The vendor was on the verge of closing down the business and walking away. Personal problems and very particular landlords meant Judy was very skeptical of a sale and put strict time constraints on Phoenix. The sale had to be completed within 12 weeks and the owner was prepared to walk away from the business. Phoenix completed a successful sale within 8 weeks with a suitable buyer meeting the very strict criteria of the Landlords. |
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This off license had been on the market for a long time with 2 different agents. The owner was very frustrated with the lack of interest. A successful marketing campaign produced a buyer within a month and the whole transaction was completed within 4 months after an extended and exhausting legal process. |
| More Sold Businesses | |
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| LEASEHOLD DRY CLEANERS DORSET | SOLD UNDISCLOSED SUM |
| FREEHOLD NURSING HOME BUCKINGHAMSHIRE T/O: £1million. | SOLD £2 million |
| LEASEHOLD OFF LICENCE BERKSHIRE T/O: £265,000. | SOLD UNDISCLOSED SUM. |
| LEASEHOLD CAFÉ, BERKSHIRE. T/O: CONFIDENTIAL. | SOLD £18,000 + SAV. |
| LEASEHOLD CASH & CARRY/CONVENIENCE STORE NORTHAMPTONSHIRE T/O: £572,000. | SOLD UNDISCLOSED SUM. |
| FREEHOLD RESIDENTIAL CARE HOME OXFORDSHIRE T/O: £500,000. | SOLD £900,000 |
| LEASEHOLD GARAGE SURREY T/O £120,000 | SOLD UNDISCLOSED SUM |
| LEASEHOLD ENAMELING CONCERN OXFORDSHIRE | SOLD £550,000. |
| FREEHOLD GARAGE OXFORDSHIRE T/O: £300,000 | SOLD £700,000 |
| LEASEHOLD RECLAMATION BUSINESS NORTHAMPTONSHIRE T/O £100,000 | SOLD UNDISCLOSED SUM |
| LEASEHOLD DRY CLEANERS OXFORDSHIRE T/O: £100,000 | SOLD £78,000 |
| RE-LOCATBLE COMMERCIAL AND INDUSTRIAL CLEANING COMPANY, GLOUCESTERSHIRE. T/O: £59,000. | SOLD £27,500 |
| LEASEHOLD PUBLIC HOUSE BUCKS T/O £350,000 | SOLD UNDISCLOSED SUM |
| FREEHOLD OFF LICENCE/CONVENIENCE STORE, BEDFORDSHIRE. T/O: £104,000. | SOLD £255,000 |
| LEASEHOLD CAFÉ/BISTRO, DORSET. T/O: £57,000. | SOLD £68,000 |
| LEASEHOLD PICTURE FRAMING/ARTS GALLERY BUCKS T/O £104,000 | SOLD UNDISCLOSED SUM |
| LEASEHOLD CAKE AND COOKWARE BUSINESS, BRISTOL. T/O: £129,614. | SOLD £49,995 |
| LEASEHOLD HAIR SALON, HERTFORDSHIRE. T/O: £78,000. | SOLD £52,500. |
| LEASEHOLD PUBLIC HOUSE, HAMPSHIRE. T/O: £275,000. | SOLD £159,500. |
| LEASEHOLD PRINT SHOP HAMPSHIRE T/O £90,000 PRICED FOR QUICK SALE | SOLD £20,000 |
| FREEHOLD COACH HIRE COMPANY, BERKSHIRE. T/O: £580,000. | SOLD £650,000. |
| LEASEHOLD CLOTHES & FASHION SHOP, SOMERSET. T/O: £290,000. | SOLD: £220,000. |