| (REF: 1934) Leasehold Newsagents In Banbury, Oxfordshire |
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| Seller Reference: |
1934 |
| B4S Reference: |
23248 |
| Asking Price: |
£85,000
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| Net Profit: |
£18,000 |
| Sales Revenue: |
£240,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
5 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Banbury, Oxfordshire, United Kingdom |
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Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £230,000 with a net profit of £18,000 (see financial summary below).
- A business with great potential which has not been exploited because all the owners time is taken up running the business by himself and working 7 day weeks.
- An easily run operation.
- A good first time buyers business and ideal purchase for a husband and wife team.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides newspapers, magazines, tobacco, confectionary, savory snacks, greetings cards, ice creams, soft drinks, a small range of groceries, toiletries, PayZone and newspaper deliveries.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Newsagents in Banbury, Oxfordshire which has been established since 2006. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides newspapers, magazines, tobacco, confectionary, savory snacks, greetings cards, ice creams, soft drinks, a small range of groceries, toiletries, PayZone and newspaper deliveries.
Staffing
The concern employs no staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local residents and some 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 including local and internet advertising.
Increasing the product line to include a wider range of groceries and off license.
Increasing the open hours to take advantage of off license sales.
Becoming more efficient with staffing levels.
With the introduction of a website and e-commerce.
With the addition of the National Lottery.
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 property is terraced, part of a parade of shops and is approximately 150 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room and a staff toilet.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £1,800.
Financial Details
The present annual turnover is £240,000 with a gross profit of 18% and a net profit of £18,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £290,000 pa 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
The lease is currently on a rolling agreement. The rent is £6,000 pa with a 3 yearly review. The lease may be renewable or negotiable for longer term if required. The rates are £1,800. |
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Current Rent: |
6,000 pa |
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Living Accommodation: |
No |
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Location: |
- Situated in Banbury in Oxfordshire.
- Prominent location between two main arterial roads.
- Part of a small parade of shops.
- Excellent free parking facilities in front of the store.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the A4260, A361 and M40.
- Buckingham, Stratford-upon-Avon, Bicester and Chipping Norton all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
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There is no local competition. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings including local and internet advertising.
Increasing the product line to include a wider range of groceries and off license.
Increasing the open hours to take advantage of off license sales.
Becoming more efficient with staffing levels.
With the introduction of a website and e-commerce.
With the addition of the National Lottery.
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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. |
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Owner wishes to sell due to retirement. |
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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 Friday: 6.30 am - 6.00 pm.
Saturday: 7.00 am 5.00 pm (with a lunch time closure period).
Sunday: 7.00 am - 12.30 pm.
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The concern employs no staff. |
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