Thriving Newsagents & Confectionery Store In Herne Bay For Sale

Business description

The particular highlights of the business are:
- 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 £624,000 pa with a net profit of £60,000 (See financial summary below).
- A business with great potential which has not been exploited due to other business ventures.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The concern provides cigarettes, alcohol, confectionery, groceries and other foods, phone cards and Pay Point.

History
Agents are delighted to place onto the market a thriving well run leasehold confectionery store in Kent which has been established since 2003. The business has been in the hands of the current owners since 2003 and they now wish to sell due to other business interests.

Services
This very good business opportunity provides cigarettes, alcohol, confectionery, groceries and other foods, phone cards and Pay Point.

Staffing
The concern employs 1 staff who is part time and the wages are £15,000.

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

Marketing
The owner does not market the business and does not have a website.

Competition
As far as competition is concerned it does not affect the trade.

Market
The client base consists of local community, business persons 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 and local and internet advertising.
• Increasing the opening hours to include early mornings/newspaper deliveries.
• Increasing the product line to include lottery.
• 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.

Property information

Property:

Leasehold

Location:

- Situated in Herne Bay area of Kent near Dover.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Very good tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A291, A299, A249, M2 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 400 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with 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 early mornings/newspaper deliveries.
• Increasing the product line to include lottery.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned it does not affect the trade

Reasons for selling:

other business interests

Trading hours:

Monday to Saturday: 8.00am – 11.00pm
Sunday: 9.00am – 10.30pm

Employees:

1

Years established:

2386

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:

£25,000 (included in the asking price)