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Business for sale in United Kingdom - 8016le leicestershire l/h 120000 newsagents
| Asking Price: | 120,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 329,110 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1989 | ||||||||||
| Employees: | 1PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Retail
Business categories:
Card & Gift Shops
Business description
Advent Business Sales have been instructed to offer for sale this extremely well established business that has been trading successfully for the last 19 years when the vendor started the business. Ill health and retirement plans now lead to an excellent opportunity to acquire a very profitable business. Our client operates on the grounds of a traditional newsagent, offering the normal goods and services including: Cigarettes and tobacco 4 am and 1 pm news rounds Greetings cards & wrapping paper Large extensive trade in magazines more than WHS (according to the vendor) Soft drinks Sweets, crisps & confectionery Small range of stationery Batteries Lottery Our client also has a San Marco photo processing unit which brings in a healthy trade upgrading to a digital system which would lead to further increases in trade. EXPANSION POTENTIAL The business would benefit substantially from a refurbishment. In addition, hours could be increased and an alcohol licence applied for. Closing later on Wednesday s and Saturday s would take advantage of Lottery sales. More chillers, cabinets, racking and more convenience items and stock would lead to further net profits. STAFF The business is run by the vendor, his wife and 1 part time lady 3 days per week. TRADING HOURS Mon Sat: 5.00am 5.00pm Sun: 5.00am 10.30am FINANCIAL INFORMATION We have been advised by the vendor of the following: 2005 sales: 329,110 (ex VAT) Gross Profit: 26.6% Reconstituted NP: 57,000 per annum Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A lock up unit briefly consisting of: Sales area of almost 84 ft depth Appropriate shelving, racking and fridges. TENURE: Leasehold/Renewable Current Lease: 24 years Lease Remaining: 5 years Review every: 3 years Annual Rent: 20,027 We are advised that the annual business rates are currently: 6,455
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | Ill health and retirement plans |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Leasehold/Renewable Current Lease: 24 years Lease Remaining: 5 years Review every: 3 years Annual Rent: £20,027 We are advised that the annual business rates are currently: £6,455 |
| Location: | Our client is located in a very busy bustling town centre location on the outskirts of an affluent Leicestershire town. The immediate area is surrounded by a very large variety of both large corporate retailers and small independent businesses. There are several large pay and display car parks and various markets on Fridays, Saturdays and every third Thursday of the month which add further to the very high volumes of passing trade. |
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