Kimpton Road Newsagents - Busy Newsagents With Massive Potential | | Luton Bedfordshire | | Busy and well established newsagents in a busy business area with new large scale developments occuring in the near future. This represents a tremendous opportunity and possibility to make large return on investment. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51572
ADVERT IMPRESSIONS : 9,565 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £85000 | ANNUAL RENT: | £7500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Lemko Associates are pleased to offer to the market this well established and family run business in the heart of Luton.
Business Details:
This Newsagents/General Store is situated on a busy parade in a busy and thriving location. Very close to London Luton Airport, this business also benefits from local business and residential trade with the bonus of selling a wide range of products for the local market.
The Business:
Lemko Associates is pleased to present this excellent and profitable business to the market. Trading over the past 21 years this is a well established and well run small business with the potential to be an extremely lucrative and highly profitable business.
Currently run as a family business would suit an energetic and confident person with the ability and foresight to drive the business forward. Current owner is looking to retire hence sale.
There is great local trade with the Airport located close by and many local businesses as well as The Chamber of Commerce and Vauxhall located close by which the current owner is not fully exploiting and which could boost turnover substantially. The premises is also located close to the Town Centre of Luton and has large residential areas surrounding the business as well as many local businesses.
Current turnover is over £210,000 per annum with large net profits and again the potential to increase both turnover and profit substantially. Currently well stocked (including off licence and cigarettes section) this business carries all the major lines as expected from a busy newsagents. The business also offers all lottery and paypoint offers as well as having a wide selection of household products to satisfy the local residential market including atm machine.
This business has strong local ties and has an excellent local reputation and many loyal customers. We stress that there is huge potential in this business and we are happy to discuss these with potential buyers.
Opening hours are currently Monday to Friday – 5.00am to 5pm and Saturdays from 5.00am – 1pm so plenty of opportunity to increase profitability on the opening hours alone.
Business Premises:
Ground Floor – lock up double fronted store which briefly comprise;
• Several large drinks fridges
• Shelving on near and far walls displaying alcohol and newspapers etc
• Middle of store has display units which house various items
• Rear of shop has large storage facilities which could be removed to extend shop and expand business and staff toilets.
Also located to rear is a food preparation with sink, electric cooker, microwave and hot water facilities which allow for hot and cold food to be made and sold which again will increase takings considerably.
Premises benefits from good security in terms of roller shutters on shop front as well as the added bonus of planning permission (to be granted subject to terms and conditions) to extend or re-develop shop.
Tenure: This premises has the added bonus of being available on a new lease whose terms can be negotiable. Leasehold: £7,500 for long new lease with terms to be agreed.
Business: Business turnover is currently over £260,000 with potential for much larger revenues. Lemko Associates believe that this opportunity is a fantastic one for the right person given the amount of potential there is within the business.
Accounts available upon request - please confirm with agent.
Price: £85,000 O.I.R.O
Viewings: Strictly by appointment only – please contact agent for more details | | | | | | FOR SALE | | | | | REFERENCE: | 0015 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
