| (REF: 2289) Profitable Newsagents In Heart Of City Centre Price Reduced |
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| Seller Reference: |
2289 |
| B4S Reference: |
29332 |
| Asking Price: |
£38,000
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| Net Profit: |
£12,000 |
| Sales Revenue: |
£156,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
30 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Bolton, Greater Manchester, 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 £156,000 pa with a net profit of £12,000 (see financial summary below).
- A business with great potential which has not been exploited because the owner hasn’t had time to pursue them.
- An easily run operation.
- A good first time buyers business and ideal purchase.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation
- The concern provides confectionary, magazines, newspapers, snacks, Payzone and greeting cards.
History
Phoenix Business Transfer Agents are delighted to place onto the market this newsagent which has been established since 1981. The business has been in the hands of the current owner since 2010 who now wishes to sell due to personal reasons.
Services
This very good business opportunity provides confectionary, magazines, newspapers, snacks, Payzone and greetings cards.
Staffing
The concern employs no staff and is easily run by one individual.
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
As far as competition is concerned there is another similar business nearby.
Market
The client base consists of the general public.
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.
• Increasing the opening hours to include Sunday evenings and open till 22:00 Monday-Saturday.
• Increasing the product line to include alcohol and food products.
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 £156,000 with a net profit of £12,000. The present value of the stock is £6,000.
The potential turnover of the business within the next 2 years is forecast to reach £320,000 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 5 years with 4 years remaining. The rent is £7,000pa with a review in 2016. |
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Current Rent: |
7000pa |
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Living Accommodation: |
No |
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Location: |
- Situated in the town centre of Bolton
- Part of a parade of shops with some 15 units.
- Excellent parking facilities nearby.
- Surrounded by commercial properties that provide excellent income for this type of store.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Excellent local demographics for this type of area.
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As far as competition is concerned there is another similar business nearby. |
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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.
• Increasing the opening hours to include Sunday evenings and open till 22:00 Monday-Saturday.
• Increasing the product line to include alcohol and food products.
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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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now wishes to sell due to personal reasons.
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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: 7.00am - 6.00pm |
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The concern employs no staff and is easily run by one individual. |
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