Freehold Newsagent And General Store | | Hildenborough Kent | | Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagent and General Store which has been established since 1960. The business has been in the hands of the current owner since 1989. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60247
ADVERT IMPRESSIONS : 4,444 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £450000 | FREEHOLD: | £450000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in the Hidenborough area of Kent.
- Prominent location on main arterial road.
- Excellent parking facilities.
- Surrounded by a well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Commercially thriving area nearby.
- Tonbridge and Tunbridge wells both lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Turnover in excess of £155,000 with a gross profit of £46,000 (see financial summary below).
- A business with great potential which has not been exploited by the current owner. The owner has reduced the trading hours, stock and the size of the shop area.
- An easily run operation.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a newsagents and a general store.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagent and General Store which has been established since 1960. The business has been in the hands of the current owner since 1989 and now wishes to sell due to retirement.
Services
This very good business opportunity provides a newsagents and a general store.
Staffing
The concern employs no members of staff.
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 locals 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 to include full days.
• Increasing the product line to include more products, pay point and lotto.
• Increasing the size of the shop.
• With the introduction of a website and e-commerce.
• The shop area is in need of refurbishment and could be increased in size.
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 semi-detached and has a very large yard with parking for 4 cars and a driveway. There is access to the living accommodation to the rear. The front is branded with an attractive glass front. The main customer service area is carpeted with a middle aisle, shelving and racking to the walls. It is very conveniently laid out but in need of some refurbishment.
To the rear is a store room. There is a toilet, staff facilities and a kitchen area.
There is also a bedroom/ living room and a small single bedroom. These areas could be refurbished and used as part of the shop and/ or a storage area.
FIRST FLOOR
On the first floor there are 2 double bedrooms, 1 single bedroom, a large living room, kitchen, bathroom and a toilet. The accommodation is fully central heated with double glazed windows throughout.
EXTERNAL
To the front there is parking.
To the rear there is a large yard with parking for 4 cars and a driveway to the side.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £4,000.
FINANCIAL DETAILS
The present annual turnover is £155,000 with a gross profit of £46,000. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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: 6.00 am - 2.00 pm.
Sunday: 6.00 am - 1.00 pm.
TENURE
The business is Freehold and the rates are £1,200 plus council tax of £1,100 for the accommodation.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £450,000
Ref: 2024
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: | 2024 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
