Leasehold Busy Town Centre Newsagents In Berkshire | | Slough Berkshire | | Phoenix Business Transfer Agents are delighted to place onto the market this busy town centre newsagents in Berkshire which has been established for over 50 years. The business has been in the hands of the current owner since 2008. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57366
ADVERT IMPRESSIONS : 8,400 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £85000 | LEASEHOLD: | £85000 | ANNUAL RENT: | £26000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the town centre area of Slough in Berkshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A4, M4, A332 and A335.
- Windsor, Eton and Maidenhead all lie close by.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £90,000 with a net profit of £10,500 (see financial summary below).
- A business with great potential which has not been exploited because the current owner has little passion or experience for retail.
- An easily run operation.
- A good first time buyers business and ideal purchase for a family run concern.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides newspapers, magazines, confectionary, soft drinks, tobacco and a small range of packaged groceries.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy town centre newsagents in Berkshire which has been established for over 50 years. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to not enjoying working in the retail sector.
Services
This very good business opportunity provides newspapers, magazines, confectionary, soft drinks, tobacco and a small range of packaged groceries.
Staffing
The concern employs no staff and is a family run business.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is a number of similar businesses within the town centre area.
Market
The client base consists of local residents, office workers, retail workers and high levels of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include later evenings and Sundays.
• Increasing the product line to include an off license.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced, part of a parade of shops and is approximately 600 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
First Floor and Second Floor
On the first and second floor there is a spacious 3 bedroom flat with one reception room, bathroom and kitchen. The flat is currently sub let and is generating £1,300 per month in additional revenue which is not included in the turnover figures quoted for the business.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £2,000.
Financial Details
The present annual turnover is £93,600 with a gross profit of 22% and a net profit of £10,500. The present value of the stock is £5,500.
The potential turnover of the business within the next 2 years is forecast to reach £140,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday: 5.30 am - 6.30 pm.
Sunday: Closed.
Tenure
The original length of the lease was 25 years with 22.5 years remaining. The rent is £26,000 pa (which includes the business and private premises) with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £6,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £85,000
Ref: 1907
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1907 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
