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Profitable Newsagent, Greeting Cards & Gift Shop for Sale in West Midlands

 Undisclosed, West Midlands

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/09/23

  • Advert ID

    599237

  • Reference

    B07476 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Newsagent, Greeting Cards and Gift Shop

Business
Please quote reference number B07476

A popular enterprise stocking unique greeting cards, confectionary and gifts, as well as everyday essentials, newspapers and magazines; the shop is a beloved staple in the local community and has exceptional sales and customer reach.

The business started trading from its current premises in the 2000s, when the two owners bought the brick-and-mortar shop that had been serving as a newsagent since the 1960s.

Since then, they have expanded their range and customer reach significantly, becoming an indispensable retailer and staple independent business in the local area.

The range of items on sale include newspapers and magazines, convenience items, greeting cards, helium balloons, old-fashioned confectionery, vape and liquid vape products, and unique party and gift items.

In addition to an array of products stocked ad-hoc, they also operate a paypoint/payzone for their local customers to come and pay their bills and operate as a send/return service for a variety of online dispatch and retail services.

The variety of services and products on offer set them apart from their competition, and ensure a high footfall in the store at all times.

The business’ outstanding reputation is defined by their impeccable customer service. Customers walk out happy to have been provided with bespoke attention and help selecting cards and gifts for their friends, family and loved ones.

With the market at peak buoyancy despite the challenges of the last years, the company is at a turning point for new opportunities to come their way.

 The business has several capabilities and assets to stand out from its competitors and attract the prospective purchaser, including:

  • A wide variety of services offered, and products sold that are unique to the business, and are not stocked by the competition.
  • Stocking essential everyday items, from newspapers and magazines to convenience items.
  • Excellent reputation in the industry and impeccable customer service, with a long trading history and loyal clients.
  • A healthy financial profile, a turnover of nearly £1.5m in 2023, a great turnover in 2022, following a sales boom in 2021.
  • Reliable stream of income, with 75-80% repeat custom.
  • Wide reach within the local area and beyond.
  • Excellent opportunity to expand within a booming market.
Highlights

  • Excellent sales and profit margins.
  • Loyal client base and high return custom.
  • Unique and high-quality products, resulting in high footfall.
Opportunities

  • Opportunity to introduce new items.
  • Implement new marketing strategies.
  • Widen reach and introduce online retail.
 



Location
Based in the West Midlands



Premises
The business operates out of large retail premises.



Tenure
The business operates from a leasehold premises.



Hours
The business trades all the year round.



Staff
The business has a small team of experienced staff.



Financial Profile
Turnover IRO - £1.5m in 2023.

  • 100% share capital.
  • Parties to sign an NDA.


Read more

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Listing Statistics

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Newsagent, Greeting Cards and Gift Shop - B07476 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.