THRIVING NEWSAGENTS & CONFECTIONERY STORE, HERNE BAY, KENT
Price:
Leasehold - £125,000
Business Type:
Retail businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £624,000 pa with a net profit of £60,000 (See financial summary below).
- A business with great potential which has not been exploited due to other business ventures.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The concern provides cigarettes, alcohol, confectionery, groceries and other foods, phone cards and Pay Point.
History
Phoenix Business Transfer Agents are delighted to place onto the market a thriving well run leasehold confectionery store in Kent which has been established since 2003. The business has been in the hands of the current owners since 2003 and they now wishes to sell due to other business interests.
Services
This very good business opportunity provides cigarettes, alcohol, confectionery, groceries and other foods, phone cards and Pay Point.
Staffing
The concern employs 1 staff who is part time and the wages are £15,000.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned it does not affect the trade.
Market
The client base consists of local community, business persons 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 early mornings/newspaper deliveries.
• Increasing the product line to include lottery.
• Becoming more efficient with staffing levels.
• 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 turnover is £624,000 pa with a gross profit of £101,000 and a net profit of £60,000. The wages are £15,000. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £750,000 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 Herne Bay area of Kent near Dover.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A291, A299, A249, M2 and good railway links.
The original length of the lease was 10 years with 10 years remaining. The rent is £18,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £0.
Monday to Saturday: 8.00am – 11.00pm
Sunday: 9.00am – 10.30pm
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|