Leicestershire Newsagent For Sale Price Reduced | | Leicester Leicestershire | | Phoenix Business Transfer Agents are delighted to place onto the market this Newsagent which has been established since 2004. The business has been in the hands of the current owner since 2010 and now wishes to sell. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62330
ADVERT IMPRESSIONS : 6,362 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £19,000 | LEASEHOLD: | £19,000 | ANNUAL RENT: | £6,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Fosse Road area of Leicester in Leicestershire.
- Prominent location on main arterial road.
- Part of a parade of shops with a bus stop right outside.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- 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.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £300000 with a net profit of £22000. (See financial summary below).
- A business with great potential which has not been exploited because the current owners would like to spend more time with the family.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or a partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Newsagent, Convenience foods, Off Licence, Groceries, Stationary Pay Zone
And Money Transfer.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Newsagent which has been established since 2004. The business has been in the hands of the current owner since 2010 and now wishes to sell due to spending more time with the family.
Services
This very good business opportunity provides Newsagent, Convenience foods, Off Licence, Groceries, Stationary Pay Zone and Money Transfer.
.
Staffing
The concern employs 1 Part Time 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
As far as competition is concerned there is another similar business some 1.5 miles away.
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 and local and internet advertising.
• With an enhanced website.
• Introduce more Convenience Foods.
• Hot Food/Bakery Take Away.
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 and is part of a parade of shops and is approximately 25ft x 30 ft. The front is branded with an attractive glass front. There are electrical shutters and a CCTV system. The main customer service area is tiled/carpeted with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is an office and store room. There are a toilet and staff facilities and a fully equipped kitchen.
EQUIPMENT WITH SALE
All fixtures and fittings and equipment are included in the sale price and are valued at £3500.
FINANCIAL DETAILS
The present annual turnover is £300000 with a gross profit of 20% and a net profit of £22000. The wages are £7800. The present value of the stock is £18000.
The potential turnover of the business within the next 2 years is forecast to reach £375000 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 Sunday 7.00-11.00
TENURE
The original length of the lease was 3 years with 6 months remaining. The rent is £6000. pa with a review in 6 months. The lease may be renewable or negotiable for longer term if required. The rates are £1200.p.a.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £29,000
Ref: 2082
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: | 2082 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
