| (REF: 1255) Profitable Leasehold Newsagents/Convenience Windsor |
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| Seller Reference: |
1255 |
| B4S Reference: |
22367 |
| Asking Price: |
£75,000
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| Net Profit: |
£78,000 |
| Sales Revenue: |
£234,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
97 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Windsor, Berkshire, United Kingdom |
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Business Details
Phoenix Business Transfer Agents are delighted to place onto the market this newsagents and convenience store, which has been established since 1914. The business has been in the careful ownership of our client since 2005 and he now wishes to sell due to other business interests.
This very good business opportunity provides confectionery, newsagents, cigarettes, and a selection of essential convenience goods.
The concern employs no staff as it is a family run concern.
The Owners have not marketed the business because it is a well known and long established concern.
As far as competition is concerned there are no other newsagents in the area.
The particular highlights of the business are:
- A very prominent and prestigious location.
- An ideal first time family run concern.
- Easily operated business with large sized living accommodation in an affluent area.
- Good financial profile and profits.
The concern has huge potential. In particular the turnover and profits can be increased by:
- The size of the shop could easily be increased and almost doubled without much expenditure. This could lead to selling more varied products and an off license, which is much needed in the location.
- The business could be open longer hours.
The owner would be available for a business familiarisation period if required
Property Details
The property is Victorian and is well presented. There is prominent signage outside, which has a large glass frontage. The entrance leads to the main retail area which is 20ft x 35 ft. There is a customer service point and shutters to the front. There are 2 large drinks fridges, with confectionery and convenience displayed along the walls. The magazines and newspapers are displayed to the rear, which is leading to more sales of other products. There is also an ice cream fridge, and the cigarettes are displayed behind the counter.
To the rear are a kitchen and a lounge with a storage space to the bottom of the stairs.
First Floor
On the first floor there is a large bedroom with a feature fireplace, a further double and single bedroom with a bathroom.
External
To the front there is parking outside.
To the rear there is a garden.
Financial Details
The turnover for 2008 was £234,000 per annum. The gross profit was 27% and the net profit was £78,000 per annum. The potential turnover of the business within the next 2 years is forecast to reach £250,000+ given the changes that are required to be made to the business. This could be increased substantially with an off license. Further the accommodation is rented at an annual income of £12,000 per annum.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 12 years with 9 years remaining. The rent is £8,500 per annum. The rates are £1,550. |
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Current Rent: |
8,500 per annum |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
On the first floor there is a large bedroom with a feature fireplace, a further double and single bedroom with a bathroom. |
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Location: |
This superb business opportunity is situated on a main arterial road very close to Windsor town centre. It is within a populated residential area and forms part of a small parade of shops. It is also opposite a well used local public house. The business enjoys good traffic and pedestrian flow as well as locals. The Royal Barracks are situated close by. The location has further residential developments, in particular a further 100 flats being built locally.
Windsor itself is a well known royal town with good access to the M4, M40 and the M25.
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As far as competition is concerned there are no other newsagents in the area. |
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The particular highlights of the business are:
- A very prominent and prestigious location.
- An ideal first time family run concern.
- Easily operated business with large sized living accommodation in an affluent area.
- Good financial profile and profits.
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Owner wishes to sell due to other business interests. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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The business operates from Monday to Friday between 6am and 5.30pm. On Saturdays the hours are 7am to 4pm and on Sundays between 7am and 2pm. |
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The concern employs no staff as it is a family run concern. |
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