Newsagent And Off Licence With Living Accommodation | | Canterbury Kent | | Phoenix Business Agents are delighted to place onto the market this busy shop which has been established since 1980. The business has been in the hands of the current owner since 2004 and now wishes to sell due to other business interests. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67760
ADVERT IMPRESSIONS : 9,499 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £78000 | LEASEHOLD: | £78000 | ANNUAL RENT: | £11000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the busy area of Canterbury in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the central Canterbury.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £138,533 pa with a net profit of £11,657 (see financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy shop which has been established since 1980. The business has been in the hands of the current owner since 2004 and now wishes to sell due to other business interests.
Services
This very good business opportunity provides off sales and newsagents.
Staffing
The concern employs no staff and is family run.
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 1/4 miles away.
Market
The client base consists of locals and passing.
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.
• Increasing the opening hours to include later pm.
• Increasing the product line to include more general goods.
• 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 and part of a parade of shops. The front is branded with an attractive glass front. There are shutters and a CCTV system. The main customer service area is carpeted with a middle aisle and shelving 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 garden area.
First Floor
On the first floor there is a living room, bathroom and toilet, kitchen.
Second Floor
On the second floor there are 2 double bedrooms.
External
To the front there is a pavement.
To the rear is garden.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £3000.
Financial Details
The present annual turnover is £138,533 with a gross profit of £35,214 and a net profit of £11,657. The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 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: 5.30am -5.30pm
Sunday: 7.00 am – 12.00pm
Tenure
The original length of the lease was 7 years with 5 years remaining. The rent is £11,000pa. The lease may be renewable or negotiable for longer term if required. The rates are £300.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £78,000
Ref: 2324
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: | 2324 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
