| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 11,825 TIME(S)
BUSINESS REFERENCE : CTN 12 / RightBiz NEWSAGENTS ON BUSY PARADE IN SOUTH HERTFORDSHIRE | | | | | | Retirement forces the sale of this very attractive and well presented newsagents on a busy parade in South Hertfordshire. | | | BUSINESS LOCATION: | Borehamwood Hertfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £48,000 | | | | | | | | | | | BUSINESS DETAILS: | Location
The business is in a South Hertfordshire town with 30,000 inhabitants. New residential developments are in progress adding to this already thriving community. Train links from London St. Pancras are served by Midland Mainline and First Capital Connect trains and access by road is also extremely easy as the A1 runs right next to the town and the M25 is just a couple of miles north. Located on a very busy double parade with plenty of parking directly outside the shops on either side of the road this unit is ideally positioned as the first one you come to as you approach the parade.
Premises
Single fronted, end of terrace, lock up shop with well presented, well stocked retail area and storage area to rear. The property is alarmed and has a CCTV system. Rent is £6,750 on a ten-year lease with five to run. Rates are £2,200 pa.
Business
The owners bought the business seven years ago in a very dilapidated state, since then they have refurbished the shop and steadily rebuilt the turnover to its current levels. They sell a wide range of merchandise from the usual newsagents stock to greetings cards and even mobile phone accessories.
Other Revenue Streams
Bus passes and ‘Pay Point’ are offered and bring in considerable amount of trade, as they are the only outlet in the vicinity offering these services. Mobile phone top ups are very popular, and Western Union is also increasing.
Assets
Included are all fixture, fittings, racking, tills etc.
Turnover
£180k plus bus passes £3,000 pw (4.5% profit) and Pay point £2,500 pw (1% profit)
Trading Hours
Monday – Friday 6.30 to 4.30
Saturdays 7.00 to 1.30
Sundays 7.00 to 12.30
Potential
As can be seen from the trading hours above there would be significant potential for increasing the turnover by opening later in the afternoon/early evening and Sat/Sun afternoons. Also the current owners do not do paper deliveries which could also be a welcome addition to the turnover.
Personnel
The shop is run by the two partners with no need for any extra staff.
Reason For Sale
The current owners are retiring.
Comments
The vendors are more than happy to provide an adequate handover period to facilitate a smooth transition to the new owners. They point out that the providers of the ‘Pay Point’ facility and the bus passes would require the new owners to be credit checked and undergo a criminal records check which is standard when providing these services.
Price £48,000 plus s.a.v Early viewing is advised | | | | | | FOR SALE | | | | | SELLER: | ABC BUSINESS BROKERS | | CONTACT: | 0844 561 1806 | | REFERENCE: | CTN 12 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
