Corner Location Busy Newsagents - Luton Area | | Luton Bedfordshire | | Busy newsagents located in vibrant and very busy area of Luton. Located on corner position on a busy high street with large amounts of passing trade daily. Little direct competition and huge scope to re-develop and expand business. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 51579
ADVERT IMPRESSIONS : 9,877 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £55000 | ANNUAL RENT: | £11000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Details:
This Newsagents/General Store is situated on a corner location in a busy and thriving location. Based on the corner of a very busy high street, 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 several 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 railway station, busy high street and local residential areas all around which the current owner is not fully exploiting and which could boost turnover substantially. The premises is also located on a very busy high street and has large residential areas surrounding the business as well as many local businesses.
Current turnover is over £110,000 per annum with large net profits and again the potential to increase both turnover and profit substantially.
Currently trading on limited stocks and products the business also does not sell alcohol, something which any new owner should seriously consider as this could double the takings within a few months.
The business also offers Western Union facilities which attract many customers but does not currently have lottery and paypoint services as well as lacking a selection of household products to satisfy the local residential market. This again is something any potential owner should seriously consider.
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 Saturday – 4.30am to 6pm and Sundays from 4.30am – 3pm so plenty of opportunity to increase profitability on the opening hours alone.
Business Premises:
Ground Floor – lock up corner 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 can be removed to extend shop and expand business as well as staff area.
First Floor:
• 2 bedroom self-contained apartment
• Large living room
• Kitchen
• Bathroom
• This can be let separately or as part of entire lease – possible rental value of over £6,000 - £7,000 per annum
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 and re-develop shop.
Tenure: This premises has the added bonus of being available on a existing 20 year lease with favourable terms to any new owner. Leasehold: £11,000 for entire building inclusive of upstairs living area.
Business: Business turnover is currently over £110,000 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. Although some refurbish work maybe required, this business if re-developed and with added products and services will become extremely profitable and successful. The current owner is unable to complete the modifications needed due to his ill health.
Accounts available upon request - please confirm with agent.
Price: £55,000 O.I.R.O
Viewings: Strictly by appointment only – please contact agent for more details | | | | | | FOR SALE | | | | | REFERENCE: | 0016 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
