Intelligent Business Transfer are happy to have been instructed to find a buyer for a busy newsagent business that serves residents and commuters in the thriving Yorkshire town of Otley which has a large local population.
A potential buyer should easily be able to take over the business in its current form, benefiting from the regular trade that has been built up over the years. But there are possibilities to grow profitability, possibly by offering more services or by extending opening hours – the shop is currently closed from 6pm on weekdays and all day Sunday. The business is owner operated with no additional staff and no advertising or promotions activities. Whatever the new owner decides, the existing trade and consistent £6K-a-week turnover will serve as a solid base for future development. There are three years left on the existing lease.
The vendor has run the shop single-handedly for the last year and has now appointed Intelligent Business Transfer to find a suitable buyer so that he can move on to pursue other business interests. Another owner-operator would be a good fit, especially if they’re looking for a sound investment with potential for further growth and development, should that be a requirement.
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