Profitable Freehold CTN In Deal Area Of Kent 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 £120,000 pa with a net profit of £64,000. (See financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- This very good business opportunity provides confectionery, magazines, tobacco, cigarettes and newspapers.

History
Phoenix Business Transfer Agents are delighted to place onto the market this very profitable Newsagent which has been established a good many years. The current vendor wishes to sell in order to concentrate on other business ventures.

Services
This very good business opportunity provides confectionery, magazines, tobacco, cigarettes and newspapers.

Owners Role
The owners’ role is to manage and oversee the business and works hours as and when required.

Marketing
The owner markets the business in the local community.

Competition
As far as competition is concerned there is very little that would affect trade.

Market
The client base consists of the local community, business traders and tourists.

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 Sundays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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.


The present turnover is £120,000 pa and a net profit of £64,000. Full financial disclosure is also 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 3 bedroom flat.

Location:

- Situated in Deal area of Kent, Nr Dover
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- 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 A2, A290 and good railway links.

Premises details:

The property is terraced, part of a parade of shops and is on the corner of two roads. The front is branded with an attractive glass front. 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, 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 Sundays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is very little that would affect trade.

Reasons for selling:

The current vendor wishes to sell in order to concentrate on other business ventures.

Trading hours:

Monday to Saturday: 7.00am - 6.30pm
Sunday: 7.00am – 5.30pm

Employees:

The owners’ role is to manage and oversee the business and works hours as and when required.

Years established:

Newsagent which has been established a good many years.

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:

£30,000 (included in the asking price)