Leasehold Traditional Sweet Shop Newsagents With Accommodation For Sale

Business description

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 £140,000 pa with a net profit of £17,105 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation
- The concern provides traditional sweets, newspapers (including three delivery rounds), greetings cards and sandwiches.

History
We are delighted to place onto the market this Leasehold Traditional Sweet Shop & Newsagents in Buckinghamshire which has been established since . The business has been in the hands of the current owner since and he now wishes to sell due to ill health.

Services
This very good business opportunity provides traditional sweets, soft drinks, newspapers (including three delivery rounds), greetings cards and sandwiches.

Staffing
The concern employs 2 part-time staff.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business via the internet including Facebook and has a website.

Competition
There is no local competition.

Market
The client base consists of local residents with high volumes of passing and tourist 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.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

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 £149,849 with a gross profit of £46,472 and a net profit of £17,105. The present value of the stock is £10,500.
The potential turnover of the business within the next 2 years is forecast to reach £180,000 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 us 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:

Leasehold

Lease terms:

The lease will be renewed with the new owners and will be for 15 years with 15years remaining. The rent is £13,000 pa with a review in 4 years from the starting date of the new lease. The lease may be renewable or negotiable for longer term if required. The rates are currently free of charge.

Leasehold rent:

£13000pa per annum

Location:

- Situated in the conservation area of West Wycombe Village in Buckinghamshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Surrounded by a well 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 A40, M40 and A4010.
- High Wycombe, Princes Risborough, Great Missenden and Beaconsfield all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 500 sq ft. The front is branded with an attractive glass front. The main customer service area is wooden with a middle aisle and shelving 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, staff facilities and a fully fitted kitchen.

To the rear are 2 fully stocked gardens, 2 sheds and an outside W/C.

Size in square feet:

500SQ 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 and local and internet advertising.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

wishes to sell due to ill health.

Trading hours:

Monday to Friday: 6.30am – 5.00pm.
Saturday to Sunday: 8.00am – 5.00pm

Employees:

The concern employs 2 part-time staff.

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:

£1,500 (included in the asking price)

Inventory / Stock value:

£10,500