Price Reduced Harlow Essex Leasehold Newsagent For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £300,000 with a net profit of £50,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owners are unwell.
• An easily run operation.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this very busy newsagent which has been established over 30 years. The business has been in the hands of the current owners who are a husband and wife team since 2003 and they now wish to sell due to ill health.

This very good business opportunity provides a news agency service along with tobacco and confectionary products.

The concern employs no staff and is owner operated.

The owner does not market the business at all as it is very well known.

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 evenings and more weekend hours
• Increasing the product line to include other products and more convenience products.

The owner would be available for a business familiarisation period of one week 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.

Financial Details
The present turnover is £300,000 with a gross profit of 22% and a net profit of £50,000. The present value of the stock is £10,000 and the fixtures fittings and equipment are worth £5,000.
The potential turnover of the business within the next 2 years is forecast to reach £400,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 9 years with 2 years remaining.

Location:

This superb business opportunity is situated in Harlow in the County of Essex. It forms part of a large shopping parade with a Sainsbury’s nearby. The centre is very busy with 100 or so businesses. The premises in situated conveniently on the edge of the centre with a pub immediately opposite.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby. The location is well linked with the A1(M).

Premises details:

Property Details
The property is terraced and is part of a parade of shops and is approximately 25ft x 25 ft. The front is branded with an attractive glass front. There are manual shutters and a CCTV system. The main customer service area is tiled with a middle aisle and 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 are a toilet and staff facilities.

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.
• Increasing the opening hours to include evenings and more weekend hours
• Increasing the product line to include other products and more convenience products.

Reasons for selling:

Owner wishes to sell due to ill health.

Trading hours:

The business operates from Monday to Saturday between 5am and 6 pm and on Sunday between 5am and 1pm.

Employees:

The concern employs no staff and is owner operated.

Years established:

Over 30 years

Other information

Support & training:

The owner would be available for a business familiarisation period of one week 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:

£5,000

Inventory / Stock value:

£10,000