| (REF: 2029) Leasehold Newsagents With Accommodation In Surrey |
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| Seller Reference: |
2029 |
| B4S Reference: |
24674 |
| Asking Price: |
£75,000
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| Net Profit: |
£12,729 |
| Sales Revenue: |
£187,938 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
61 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Walton on Thames, Surrey, 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 £180,000 with a net profit of £12,729 (see financial summary below).
- A business with great potential which has not been fully exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides newspapers, magazines, national lottery, mobile top-up, confectionary, tobacco, groceries and toiletries.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Newsagents with Accommodation in Surrey which has been established since the 1950’s. The business has been in the hands of the current owner since 1986 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides newspapers, magazines, national lottery, mobile top-up, confectionary, tobacco, groceries and toiletries.
Staffing
The concern employs no staff and is a family run operation.
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 are very low levels of local competition.
Market
The client base consists of local residents and shoppers with high levels of 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 opening hours to include evenings to take advantage of the off licence sales.
• Increasing the product lines to include a wider range of groceries and alcoholic drinks.
• With the introduction of a website and e-commerce.
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 900 sq ft. The front is branded with an attractive glass front. There are manual shutters. The main customer service area is tiled with a middle aisle, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet and staff facilities.
Accommodation
There is a spacious 3 bedroom flat with a living room, kitchen, bathroom and separate access. This accommodation could be lived in by the new leaseholders or rented at a value of £9,000 pa.
External
To the rear there is a small back yard and 2 free parking spaces beyond the back entrance.
Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £5,000.
Financial Details
The present annual turnover is £187,938 with a gross profit of £45,780 and a net profit of £12,729. The present value of the stock is £10,000.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 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 original length of the lease was 12 years with 3 years remaining. The rent is £21,000 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £5,000 pa. |
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Current Rent: |
21,000 pa |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
There is a spacious 3 bedroom flat with a living room, kitchen, bathroom and separate access. This accommodation could be lived in by the new leaseholders or rented at a value of £9,000 pa. |
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Location: |
- Situated in the Walton-on-Thames area of Surrey.
- Prominent location on a main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- 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.
- A commercially thriving area.
- Well linked with the A3050, A316, M3 and A3.
- Kingston, Sunbury and Kempton Park 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 are very low levels of 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 opening hours to include evenings to take advantage of the off licence sales.
• Increasing the product lines to include a wider range of groceries and alcoholic drinks.
• With the introduction of a website and e-commerce.
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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, Tuesday and Thursday: 7.00 am – 6.00 pm.
Wednesday and Saturday: 7.00 am - 7.30 pm.
Sunday: 7.00 am – 4.00 pm.
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The concern employs no staff and is a family run operation. |
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