| (REF: 9889SS) Thriving High Takings Newsagent Near Bus Station |
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| Seller Reference: |
9889SS |
| B4S Reference: |
23059 |
| Asking Price: |
£250,000
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| Net Profit: |
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| Sales Revenue: |
£1,248,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Essex, United Kingdom |
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HISTORY
• Established at least 6 years ago
• Acquired by vendor in 2006
• Equipped and maintained to high industry standards
• Loyal repeat customer base established
• Now a site very much associated with the trade
REASON FOR SALE
• Vendor wishes to pursue alternative business priorities
PRODUCTS
• Traditional extensive range of newspapers and magazines
• Non alcoholic beverages
• Groceries
• Snacks
• Sandwiches and baguettes
• Confectionery
• Cigarettes
• Giftware
• Phonecards
• Stamps
SERVICES
• National Lottery
• Payzone
• Photocopying
CUSTOMERS
• High level of passing and walk in trade
• Local population very much associate the site with trade
• Bus passengers
SUPPLIERS
• Good sourced locally from traditional trade wholesalers and suppliers
STRENGTHS
• Superb location in busy bus station and market
• Thriving town with significant daily influx of shoppers
• Demonstrable weekly takings of £24,000
• Limited competition in the immediate vicinity
• Favourable overheads, especially rental at £500 per week
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Leasehold |
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Lease Terms: |
• Original Lease 15 years
• Lease Remaining 8 years
• Rent £26,000 per annum
• Reviews every 5 years
• Rates £10,300 per annum
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Living Accommodation: |
No |
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Details of Accommodation: |
• A traditional lock up retail unit, part of a large bus station/market complex
• Modern and airy shop with racking and shelving appropriate to trade
• Sales counter with 2 tills and fully integrated stock system
• Cigarette gondola
• 5 drinks display cabinets
• Slush puppy machine
• Coffee machine
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Location: |
• Prominently sited newsagent in busy bus station/market complex
• Shop sited on main pedestrian thoroughfare opposite a row of 20 bus stops
• Large Essex town with market 7 days per week with many complimentary businesses
• Ample car parking
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• Introduction of additional products and services
• Focus on business development
• Additional opening possible in the evening and on Sundays
• Newspaper deliveries
• Potential for alcohol sales
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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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• Monday to Saturday: 6am to 6pm
• Closed Sunday
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• Vendor
• 2 full time staff
• Casual part time staff as required
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