Thriving High Takings Newsagent Near Bus Station | | Undisclosed Essex | | ESSEX THRIVING NEWSAGENT WITH EXCEPTIONALLY HIGH TAKINGS NEAR BUS STATION Prominently sited newsagent in busy bus station complex High levels of footfall, superb reliable business W/T: £24,000 GP: 22% Scope to extend hrs L/H: £250,000 +SAV REF: 9889SS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57431
ADVERT IMPRESSIONS : 11,892 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £250,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prominently sited newsagent in busy bus station/market complex
• Shop sited on main pedestrian thoroughfare opposite a row of 20 bus stops
• Large Essex town with market 7 days per week with many complimentary businesses
• Ample car parking
HISTORY
• Established at least 6 years ago
• Acquired by vendor in 2006
• Equipped and maintained to high industry standards
• Loyal repeat customer base established
• Now a site very much associated with the trade
REASON FOR SALE
• Vendor wishes to pursue alternative business priorities
PRODUCTS
• Traditional extensive range of newspapers and magazines
• Non alcoholic beverages
• Groceries
• Snacks
• Sandwiches and baguettes
• Confectionery
• Cigarettes
• Giftware
• Phonecards
• Stamps
SERVICES
• National Lottery
• Payzone
• Photocopying
CUSTOMERS
• High level of passing and walk in trade
• Local population very much associate the site with trade
• Bus passengers
SUPPLIERS
• Good sourced locally from traditional trade wholesalers and suppliers
STAFF
• Vendor
• 2 full time staff
• Casual part time staff as required
TRADING HOURS
• Monday to Saturday: 6am to 6pm
• Closed Sunday
FINANCIALS
• Weekly takings averaging £24,000
• Gross profit margin 22%
• Stock holding approximately £10,000
• News bill approximately £1,700 per week
• Very significant level of net profit
OVERHEADS
Staff £17,530 pa
Rent £26,000 pa
Rates £10,300 pa
Gas/Electric £4,345
PREMISES
• A traditional lock up retail unit, part of a large bus station/market complex
• Modern and airy shop with racking and shelving appropriate to trade
• Sales counter with 2 tills and fully integrated stock system
• Cigarette gondola
• 5 drinks display cabinets
• Slush puppy machine
• Coffee machine
• Store room to rear with kitchen facility
• First floor storage area
• CCTV
• Alarm
STRENGTHS
• Superb location in busy bus station and market
• Thriving town with significant daily influx of shoppers
• Demonstrable weekly takings of £24,000
• Limited competition in the immediate vicinity
• Favourable overheads, especially rental at £500 per week
SCOPE
• Introduction of additional products and services
• Focus on business development
• Additional opening possible in the evening and on Sundays
• Newspaper deliveries
• Potential for alcohol sales
TENURE
• Original Lease 15 years
• Lease Remaining 8 years
• Rent £26,000 per annum
• Reviews every 5 years
• Rates £10,300 per annum
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9889SS / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
