Newsagents for sale in Horsham

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A Popular Newsagent and Confectioners

Horsham, West Sussex, England

  • Leasehold Price: £109,950
  • Turnover: £501,859
  • Gross Profit: £94,536
Seller Reference: B04416
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B04416
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market Candy Box.

The much-loved business was established in Horsham 1920 and purchased by our client in 2013 who due to family reasons is now selling.

The business holds onto many of its original characteristics, selling a large range of:

• Loose sweets
• Confectionery
• Ice cream
• Soft drinks
• A new range of American confectionery
• Wide range of fresh sandwiches
• Newspapers and magazine
• Large choice of cigarettes (Averages £7,500 sales per week)
• Loose tobacco and smoking accessories.

Our client also introduced a fresh barista coffee machine located at the front of the shop to serve both takeaway drinks as well as those wanting to enjoy their coffees sat down at 1 of the 5 designated tables overlooking the square.

Our client uses a very good locally sourced Italian coffee bean supplier who also checks the coffee machine and grinder to ensure continuous excellent quality. This side of the business is responsible for the increase in gross profit percentage and still offers any new buyer the opportunity to further grow.

There is a healthy mix of loyal customers for shoppers, office workers, other retail workers and tourists/families at the weekend.

Our client advises us that throughout the summer months, there are weekly music events held at the bandstand including larger festivals which massively increase the footfall directly outside the shop.

He currently offers a wide choice of ice creams available to purchase at the front.

Our client’s loyalty to his core customer is paramount, he keeps the price of cigarettes very competitive to attract regular footfall. The choice of loose tobacco and smoking accessories attracts a customer from further afield, attracted by the large choice not available within the Horsham area.

The business benefits from deliveries being made direct to the shop.

There is an excellent website included.

Further opportunity to increase the outside seating capacity, add more food and snacks to sit and enjoy, increasing opening days, adding lottery could easily increase current turnover levels.

A rare opportunity to purchase a very well-established business, early viewing advised.

Location
Candy Box is located within a highly desirable parade of shops along Carfax in Horsham, West Sussex.

The enviable position overlooks the Towns historic market square and beautifully restored band stand. There is a vast choice of bars, restaurants, coffee shops, banks and estate agents within this part of town and the main shopping centre ‘Swan Walk’ is only 1 min walk away.

Carfax offers a more relaxing area with landscaped piazzas and walkways, there are several car parks within 2 mins of the business including the new bus station. Horsham main line train station is located just off North Street and connects commuters to both Brighton and London.

Horsham has become a highly sought after place to live within West Sussex, located just off the A24 and A264 which connect East to Crawley, the A23 and M23. Brighton is just 23 miles to the south and Gatwick Airport 15 miles to the North.

The excellent position takes advantage of the 2000 office workers from the Creative Assembly, Horsham council and RSA call centre.

Premises
3 x steps down into main open plan shop - which includes:

• 2 Large open drinks chillers
• Upright Coke Cola fridge
• New central Air con unit
• New 2 arm semi-automated coffee machine and grinder with storage area
• Glass topped freezer
• Imperial tobacco gantry
• Fixed shelving for the jars of loose sweets
• Confectionery shelving to both sides and crisp stand.

Rear counter - includes cash till, card machine, under counter storage.

There is additional storage area located behind the counter and staff toilet.

External - there are 5 x tables and chairs overlooking the square

Tenure
We are advised the business is being sold as a Leasehold business opportunity, original length of 10 years with 2 remaining which is fully renewable.

The annual rent is currently £18,000 with payable rates of £7,500 per year.

Hours
Monday - Saturday - 6.45 am - 5.30 pm

Sunday - Closed

Note - client extends closing to 6 pm in the summer which could be extended.

Staff
The business is run and managed by our client with the help of his wife (part time), 2 x additional part time members of staff and 1 Saturday person

Financial Profile
Candy Box generated a turnover of £501,859 as of the 2016 accounts, Gross Profit of £94,536 and a adjusted net profit of £42,814. The new 2017 accounts will be produced very shortly and should show an increased Gross Profit figure.

Tenure:
Leasehold
Listed by:
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