SUCCESSFUL LEASEHOLD NEWSAGENTS SLEAFORD LINCOLNSHIRE
Price:
Leasehold - £150,000
Location:
Lincolnshire , Town centre, Sleaford
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- A very successful concern.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £520,000 with a net profit of £75,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners wish to re locate.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a news agency service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving newsagent in Lincolnshire which has been established since 1970. The business has been in the hands of the current owners since 2005 and they now wish to sell due to retirement.
Services
This very good business opportunity provides a typical news agency service with lottery and pay point.
Staffing
The concern employs no staff and is family run.
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 local competition in the High Street.
Market
The client base consists of locals, regulars 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 including local and internet advertising.
• Increasing the opening hours to include evenings.
• Increasing the product line to include other products especially an off licence.
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.
Property Details
The property is terraced, part of a parade of shops and is approximately 15 ft x 35 ft. The front is branded with an attractive glass front. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.
Financial Details
The present annual turnover is £520,000 with a gross profit of 20% and a net profit of £75,000 including all commissions. The wages are £0. The present value of the stock is £20,000.
The potential turnover of the business within the next 2 years is forecast to reach £800,000 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 town centre area of Sleaford in Lincolnshire.
- Prominent location on main High street.
- Part of the main commercial street of the town.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- 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 14 years with 9 years remaining. The rent is £11,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £3,000 pa.
Monday to Sunday: 4.30 am – 6.00 pm.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|