Leasehold Newsagents Huncote Leicestershire | | Huncote Leicestershire | | Phoenix Business Transfer Agents are delighted to place onto the market this well established rural business which has been established since 1960. The business has been in the hands of the current owner since 2007 and she now wishes to sell due to ill | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71541
ADVERT IMPRESSIONS : 6,508 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | ASKING PRICE: | £80000 | LEASEHOLD: | £80000 | ANNUAL RENT: | £5520 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Huncote area of Leicestershire.
- Prominent location on main arterial road through the village.
- Excellent parking facilities outside.
- Industrial estates nearby
- Surrounded by well populated residential area with schools and other local amenities.
- High levels of passing trade
- Good volumes of traffic flow
- 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 £175,000 with a net profit of £8,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner is unwell.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a CTN service as well as an off licence and cards.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well established rural business which has been established since 1960. The business has been in the hands of the current owner since 2007 and she now wishes to sell due to ill health.
Services
This very good business opportunity provides a CTN service as well as an off licence and cards.
Staffing
The concern employs no staff and is operated by the sole trader
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, regulars 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.
• Increasing the opening hours to include later opening.
• Increasing the product line to include a more diverse product range.
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 is approximately 20ft x 25 ft. The front is branded with an attractive glass front. There is 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 a store room. There are a toilet and staff facilities and the kitchen is shared with next door.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present annual turnover is £175,000 with a gross profit of 25% and a net profit of £8,000. The wages are £0. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 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 Thursday: 06.00am – 7.00 pm
Friday and Saturday: 06.00am – 8.00 pm
Sunday: 07.00am – 1.00pm
Tenure
The original length of the lease was 6 years with 3 years remaining. The rent is £5,520 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £0.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £80,000 plus SAV
Ref: 2430 | | | | | | FOR SALE | | | | | REFERENCE: | 2430 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
