Freehold Newsagents With Accommodation In South Wales For Sale

Business description

Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business.
- Turnover in excess of £250,000 with a net profit of £7,583 (see financial summary below).
- A business with great potential which has not been exploited because the owners are semi-retired.
- An easily run operation.
- A good first time buyers business and ideal purchase for a family.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides newspapers, greetings cards, confectionary, soft drinks, tobacco, stationary and toys.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagents with Accommodation in South Wales which has been established since the early 1900’s. The business has been in the hands of the current owner since 2000 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides newspapers, greetings cards, confectionary, soft drinks, tobacco, stationary and toys.

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
As far as competition is concerned there are 2 similar businesses within 1 mile.

Market
The client base consists of locals and 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 line to include alcoholic drinks and groceries.
• Increase the services with The National Lottery and a PayZone.
• 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 1,200 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.

First Floor
On the first floor there is a very spacious 3 bedroom apartment (all bedrooms are large doubles) with a living room, kitchen/diner and a bathroom.

Equipment with sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present annual turnover is £260,000 with a gross profit of £43,558 and a net profit of £7,583. The present value of the stock is £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £345,000 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.

Property information

Property:

Freehold

Living accommodation:

On the first floor there is a very spacious 3 bedroom apartment (all bedrooms are large doubles) with a living room, kitchen/diner and a bathroom.

Location:

- Situated in Brynmawr area of Ebbw Vale in South Wales.
- Prominent location on a 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.
- A commercially thriving area.
- Well linked with the M4, A4047 and A465.
- Cardiff, Newport and Ebbw Vale all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 1,200 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.

First Floor
On the first floor there is a very spacious 3 bedroom apartment (all bedrooms are large doubles) with a living room, kitchen/diner and a bathroom.

Size in square feet:

1,200 sq ft

Business Operation

Expansion potential:

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 line to include alcoholic drinks and groceries.
• Increase the services with The National Lottery and a PayZone.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there are 2 similar businesses within 1 mile.

Reasons for selling:

Owner wishes to sell due to retirement.

Trading hours:

Monday to Saturday: 5.30 am - 5.30 pm.
Sunday: 6.30 am – 12 noon.

Employees:

The concern employs no staff and is a family run operation.

Years established:

Established since the early 1900’s.

Other information

Support & training:

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.

Furniture / Fixtures value:

£10,000 (included in the asking price)

Inventory / Stock value:

£15,000