Busy Newsagents In Thurnby Leicestershire Price Reduced | | Thurnby Leicestershire | | Phoenix Business Transfer Agents are delighted to place onto the market this Busy Newsagents which has been established since 1962. The business has been in the hands of the current owner since 2008. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59000
ADVERT IMPRESSIONS : 6,344 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £39,950 | LEASEHOLD: | £39,950 | ANNUAL RENT: | £3000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | 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 £120,000 with a net profit of £15,000 (see financial summary below).
- A business with great potential which has not been exploited by the present owner.
- An easily run operation.
- Low rent and rates for the area.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation
History
Phoenix Business Transfer Agents are delighted to place onto the market this Busy Newsagents which has been established since 1962. The business has been in the hands of the current owner since 2008 and now wishes to sell due to spending more time with the family.
Services
This very good business opportunity provides newspapers, tobacco, confectionary, groceries, greeting cards, soft drinks and ice cream.
Staffing
The concern employs newspaper boys and girls.
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
There is no local competition.
Market
The client base consists of local residents and 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.
• Increasing the product line to include dairy products and extend the grocery section.
• Introduce the National Lottery.
• Off licence products.
• 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 40 ft x 40 ft. The front is branded with an attractive glass front. The main customer service area is tiled with 2 aisles, shelving and racking to the walls. It is very well presented and very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
EXTERNAL
To the front there is off road ample parking.
To the rear is a loading area.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
FINANCIAL DETAILS
The present annual turnover is £120,000 with a gross profit of 45% and a net profit of £15,000. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £156,000 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 Friday: 6.00 am - 12.30 pm, then 1.30 pm – 6.00 pm.
Saturday: 6.00 am – 6.00 pm.
Sunday: 7.30 am - 1.15 pm.
TENURE
The original length of the lease was 18 years with 15 years remaining. The rent is £3,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £208 pa.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £43,000
Ref: 1975
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: | 1975 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
