LEASEHOLD NEWSAGENT/CONVENIENCE STORE IN BRISTOL WITH ACCOMMODATION
Price:
Leasehold - £52,000
Location:
Avon, New Cheltenham, Bristol
Business Type:
Retail businesses
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 £400,000 pa with a net profit of £60,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation
- The concern provides newspapers, magazines, general convenience items, off license, tobacco, soft drinks, frozen foods, ice cream, the national .lottery and PayZone.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Newsagents/Convenience Store which has been established since 1940. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business commitments.
Services
This very good business opportunity provides newspapers, magazines, general convenience items, off license, tobacco, soft drinks, frozen foods, ice cream, the national .lottery and PayZone.
Staffing
The concern employs one full-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 two similar businesses close by but neither is able to offer the national lottery.
Market
The client base consists of local residents with high volumes of 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 evening to take full advantage of the off license.
• Increasing the product line to include a wider range of wines, beers and convenience items.
• The property can be extended to accommodate a larger range of products and increase the shop floor area up to 900 sq ft.
• Working more hands on hours and saving on wages.
• 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.
The present annual turnover is £416,000 with a gross profit of 22% and a net profit of £60,000. The wages are £15,000 pa. The present value of the stock is £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £500,000 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 New Cheltenham area of Bristol.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the A420, A4174, A4017, M32 and M4.
- Bristol. Bath, South Wales and The West Country all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 21 years with 19 years remaining. The rent is £10,000 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £1,500 pa.
Monday to Saturday: 7.00am to 8.00pm
Sunday: 7.00am to 1.00pm
On the first floor there are 2 double bedrooms (1 of the double bedrooms can be converted into a living room, 1 box room and a bathroom.
North Yorkshire
£ 750,000
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