Newsagents Post Office Grocers In Shenfield Essex Reduced 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 £509,260 pa with a net profit of £83,009. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Agents are delighted to place onto the market this thriving very busy convenience store with post office which has been established since 1990. The business has been in the hands of the current owner since 1990 and he now wishes to sell due to wishing to spend more time with the family.

Services
This very good business opportunity provides newsagents, confectioners, post office, groceries, off license, pay point, lottery, top up cards, dry cleaning and money transfer

Staffing
The concern employs 3 staff. Who are part time. They are paid at the rate of £6.10 per hour. The total wage bill is £19,000. The owner/ manager are paid £52,000. All staff would stay on after a sale.

Owners Role
The owners’ role is managing and working in the business and works full time.

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

Competition
As far as competition is concerned the owner has no strategy for dealing with them.

Market
The client base consists of local community and business persons.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 16 years remaining. The rent is £16,500.00 pa with a review Tba. The lease may be renewable or negotiable for longer term if required. The rates are £2,000.00

Leasehold rent:

£16,500 per annum

Location:

- Situated in Shenfield area of Essex.
- 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 densely populated residential area with schools and other local amenities.
- Local population consists of local community and business persons.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A13, A1306 and good railway links

Premises details:

The property is terraced and is part of a parade of shops and is approximately 70ft x 30 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 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 and a kitchen area.

Size in square feet:

approximately 70ft x 30 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.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned the owner has no strategy for dealing with them

Reasons for selling:

he now wishes to sell due to wishing to spend more time with the family.

Trading hours:

Monday to Saturday – 08.00am – 9.00pm
Sunday – 09.00am - 9.00pm

Employees:

The concern employs 3 staff. Who are part time. They are paid at the rate of £6.10 per hour. The total wage bill is £19,000. The owner/ manager are paid £52,000. All staff would stay on after a sale.

Years established:

11 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:

£20,000 (included in the asking price)

Inventory / Stock value:

£20,000