Very Busy Newsagents and Sweet Shop
Price:
Leasehold - £36,950
Location:
London, Peckham
Business Type:
Food Service 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 £75,230 pa with a net profit of £9,308 (see financial summary below).
- A business with great potential which has not been exploited because of family health problems.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides newspapers, sweets and some general goods.
History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy Newsagents sweet shop which has been established since 1970. The business has been in the hands of the current owner since 2002 and now wishes to sell due to family health problems.
Services
This very good business opportunity provides newsagents and sweet shop.
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
As far as competition is concerned there is another similar business some ¼ miles away.
Market
The client base consists of locals and passing.
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 PMs.
• Increasing the product line to include news paper home deliveries and other general products.
• 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 £75,230 with a gross profit of £19,000 and a net profit of £9,308.The present value of the stock is £3,000.
The potential turnover of the business within the next 2 years is forecast to reach £100,000 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 Peckham Park area of Peckham in South London.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by 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 Central London by both road and rail.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.
The original length of the lease was 10 years with 2 years remaining. The rent is £4,300 pa. The lease may be renewable or negotiable for longer term if required. The rates are £nil.
Monday to Saturday: 6.30am -6.00pm
Sunday: 7.00am – 2.30pm
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