| (REF: 2177) Delightful Leasehold Newsagents in Buckinghamshire with accommodation |
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| Seller Reference: |
2177 |
| B4S Reference: |
26594 |
| Asking Price: |
£98,000
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| Net Profit: |
£14,927 |
| Sales Revenue: |
£189,685 |
| Number of Staff: |
5 |
| Established For: |
71 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Amersham, Buckinghamshire, United Kingdom |
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The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £185,000 pa with a net profit of £14,927 (see financial summary below).
- A business with great potential which has not been exploited because the owners have been winding down for retirement.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a family
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides newspapers (including 5 delivery rounds), magazines, greetings cards, tobacco, confectionary, general convenience, hot & cold drinks and the lottery.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Newsagents in Amersham which has been established since circa 1940. The business has been in the hands of the current owner since 1983 and they now wish to sell due to genuine retirement.
Services
This very good business opportunity provides newspapers (including 5 delivery rounds), magazines, greetings cards, tobacco, confectionary, general convenience, hot & cold drinks and the lottery.
Staffing
The concern employs 5 part-time paper delivery boys/girls. The wages are £3,690 pa.
The business employs no other staff in the shop and is family run.
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 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 and local and internet advertising.
• Develop more paper delivery rounds.
• Increasing the opening hours to include evening opening.
• Increasing the product line to include wines, beers and spirits.
• Becoming more efficient with staffing levels.
• 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.
The present annual turnover is £189,685with a gross profit of £38,780 and a net profit of £14,927. The wages are £3,690 pa. The present value of the stock is £7,000.
The potential turnover of the business within the next 2 years is forecast to reach £245,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The lease has recently been renewed and is 12 year agreement with 12 years remaining. The rent is £20,000 pa with a review in 2023. The lease may be renewable or negotiable for longer term if required. The rates are £600.
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Current Rent: |
20000pa |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation is self-contained and comprises three/four bedrooms, lounge, kitchen, and bathroom and has access for the shop as well as a separate side entrance. |
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Location: |
- Situated in the Old Town area of Amersham in Buckinghamshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities 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.
- Commercially thriving area.
- Well linked with the A404, A356, A413, A41 and M25.
- Chesham, Great Missenden, High Wycombe and The Calfonts all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent 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 and local and internet advertising.
• Develop more paper delivery rounds.
• Increasing the opening hours to include evening opening.
• Increasing the product line to include wines, beers and spirits.
• Becoming more efficient with staffing levels.
• 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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they now wish to sell due to genuine 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 6am - 6pm
Saturday 7am – 6pm
Sunday 7am – 2pm
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The concern employs 5 part-time paper delivery boys/girls. The wages are £3,690 pa.
The business employs no other staff in the shop and is family run.
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