| (REF: 1476) Thriving CTN For Sale in Kentish Town London |
| |
| Seller Reference: |
1476 |
| B4S Reference: |
15324 |
| Asking Price: |
£80,000
|
| Net Profit: |
£50,000 |
| Sales Revenue: |
£984,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
25 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Kentish Town, North West London, United Kingdom |
| |
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £984,000 including all lottery and other commissions with a net profit of £50,000 (see financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner has other business interests.
- An easily run operation.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving CTN which has been established since 1985. The business has been in the hands of the current owner since 2002 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a newsagent, tobacconists and confectionary service with an array of other services including lottery and Oyster.
Staffing
The concern employs 0 staff.
Owners Role
The owners role is very hands on and the business is family run.
Marketing
The owner does no marketing for the business.
Competition
As far as competition is concerned there are no other newsagents in the area.
Market
The client base consists of locals 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 and local and internet advertising.
Increasing the opening hours to include evenings.
The concern has recently been granted 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 total size of the unit is about 1100 square foot. There is a large customer service area with middle aisle. To the rear is a storeroom, an office with a storeroom and staff facilities to the rear.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present turnover is £984,000 per annum with a gross profit of 15% and a net profit of £50,000. The wages are £0. The present value of the stock is £20,000 and the fixtures fittings and equipment are worth £20,000.
In 2008, the turnover was £950,000. The potential turnover of the business within the next 2 years is forecast to reach £1.2 million 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.
|
| |
Property: |
Leasehold |
| |
| |
Lease Terms: |
The original length of the lease is from 2005. The rent is £34,000 pa with a review in 2011. The rates are £14,000 pa. |
| |
| |
Living Accommodation: |
No |
| |
| |
Location: |
The business is located on Kentish Town High Street, a very busy main road with many independent and High Street businesses. There is a huge volume of traffic and pedestrians. There is also a densely populated residential area surrounding the property. This is a very popular and thriving area of the capital and has an endless supply of clients. |
| |
As far as competition is concerned there are no other newsagents in the area. |
| |
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 evenings.
The concern has recently been granted an off licence. |
| |
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. |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
| |
Monday to Saturday 6.30 am to 7pm. Sunday 7.30 am to 2 pm |
|
|
