FREEHOLD NEWSAGENT & VILLAGE STORE IN RURAL SOMERSET Price Reduced
Price:
Freehold - £250,000
Location:
Somerset , Holcombe
Business Type:
Retail businesses
The particular highlights of the business are:
- A well established business (approximately 105 years).
- Good loyal clientele.
- Fully equipped business - Turnover in excess of £130,000 with a net profit of £6,357 (see financial summary below).
- A business with great potential and no competition.
- An easily run operation.
- Good loyal well trained staff.
- A fantastic first time buyers business and ideal purchase for a couple looking for a lifestyle change.
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides newspapers, magazines, packaged and fresh groceries, confectionary, tobacco, greetings cards, off licence, PayPoint, Collect+, DHL Service Point, Pay Zone and also has a free of charge ATM which drives footfall.
History
Phoenix Business Transfer Agents are delighted to place onto the market this freehold newsagent & village store which has been established for many years. The business has been in the hands of the current owners since 2006 and they now wish to sell due to retirement.
Services
This very good business opportunity provides newspapers, magazines, packaged and fresh groceries, confectionary, tobacco, greetings cards, off license, Pay Point, Collect plus DHL Service Point, Pay Zone and also has a free of charge ATM.
Staffing
The concern employs no employees and is a family run business.(Three part-time News Delivery people are employed in the mornings.)
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in local parish magazines and has a website.
Competition
There is no local competition.
Market
The client base consists of mainly local residents with some 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 later evenings for the off license.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
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.
The present annual turnover is £142,886 with a gross profit of £27,970 and a net profit of £13,458. The present value of the stock is £9,000. The potential turnover of the business within the next 2 years is forecast to reach £160,000 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.
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.
- Situated in the picturesque village of Holcombe between Radstock and Shepton Mallet in Somerset.
- Prominent location on main arterial road.
- A stand alone village store with no local competition.
- Excellent free parking facilities.
- Surrounded by a well populated residential area with other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the A367, A37 and A362.
- Radstock, Shepton Mallet and Frome all lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
Monday to Friday: 6.30am to 7.30pm
Saturday: 6.30am to 1.00pm
Sunday: 7.30am to 11.30am
Landing, 1double bedroom, bathroom and a single bedroom.
North Yorkshire
£ 750,000
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