Leasehold Newsagents and Convenience Store in Wiltshire PRICE REDUCED
Price:
Leasehold - £79,000
Location:
Wiltshire , Trowbridge
Business Type:
Retail businesses
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 £200,000 pa with a net profit of £23,400 (see financial summary below).
- A business with great potential which has not been exploited because of the current owner’s ill health.
- An easily run operation.
- Good, loyal and well trained staff.
- A good first time buyers business and ideal purchase for a family or husband and wife team.
- The business has a new 15 year lease.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides newspapers (including 7 delivery rounds), magazines, off license, confectionary, tobacco, greetings cards, a range of convenience products as well as the National Lottery and PayPoint.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold newsagents and convenience store which has been established since 1980. The business has been in the hands of the current owners since 2006 and they now wish to sell due to ill health.
Services
This very good business opportunity provides newspapers (including 7 delivery rounds), magazines, off license, confectionary, tobacco, greetings cards, a range of convenience products as well as the National Lottery and PayPoint.
Staffing
The concern employs 2 part-time staff and the wages are £6.00 per hour.
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 mainly local residents with good levels 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 evenings to take advantage of the off license trade.
• There is plenty of scope to develop and increase the convenience and off license product lines.
• Becoming more efficient with staffing levels.
• 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 £202,467 with a gross profit of 26%and a net profit of £23,400. The wages are £6.00 per hour. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £280,000 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 Paxcroft Way area of Trowbridge in Wiltshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities in front of the store.
- 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.
- Commercially thriving area.
- Well linked with the A36, A361, A366 and A350.
- Bath, Melksham, Devizes and Bradford-on-Avon all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 15 years with 15 years remaining. The rent is £10,000 pa with a review in 2016. The lease may be renewable or negotiable for a longer term if required. The rates are currently free of charge.
Monday to Saturday: 6.00am - 6.00pm
Sunday: 6.00am – 12noon
North Yorkshire
£ 750,000
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