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8016LE LEICESTERSHIRE £120000 NEWSAGENTS

Asking Price: GBP 120000
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Business Location: United Kingdom » Leicestershire » LEICESTERSHIRE 
Category: Retail » Convenience Stores
Description:
Advent Business Sales have been
instructed to offer for sale this
extremely well established business
that has been trading successfully for
the last 19 years when the vendor
started the business.
Ill health and retirement plans now lead
to an excellent opportunity to acquire a
very profitable business.
Our client operates on the grounds of a
traditional newsagent, offering the
normal goods and services including:
? Cigarettes and tobacco
? 4 ‘am’ and 1 ‘pm’ news rounds
? Greetings cards & wrapping paper
? Large extensive trade in magazines –
more than WHS (according to the
vendor)
? Soft drinks
? Sweets, crisps & confectionery
? Small range of stationery
? Batteries
? Lottery
Our client also has a San Marco photo
processing unit which brings in a healthy
trade – upgrading to a digital system
which would lead to further increases in
trade.
EXPANSION POTENTIAL
The business would benefit substantially
from a refurbishment. In addition,
hours could be increased and an alcohol
licence applied for. Closing later on
Wednesday’s and Saturday’s would take
advantage of Lottery sales.
More chillers, cabinets, racking and
more convenience items and stock would
lead to further net profits.
STAFF
The business is run by the vendor, his
wife and 1 part time lady 3 days per
week.
TRADING HOURS
Mon – Sat: 5.00am – 5.00pm
Sun: 5.00am – 10.30am
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
2005 sales: £329,110 (ex VAT)
Gross Profit: 26.6%
Reconstituted NP: £57,000 per annum
Accounts will be made available to
interested parties after a viewing has
taken place.
Please let us know if you require finance
for the purchase of a business.
BUSINESS PREMISES
A lock up unit briefly consisting of:
? Sales area of almost 84 ft depth
? Appropriate shelving, racking
and fridges.
TENURE: Leasehold/Renewable
Current Lease: 24 years
Lease Remaining: 5 years
Review every: 3 years
Annual Rent: £20,027
We are advised that the annual business
rates are currently: £6,455
 
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Financial Information:  
Annual gross sales: (GBP) 329110
Yearly Revenue: (GBP)
Total yearly sales revenue		 N/A
Net Profit: (GBP)
Total profit before taxes		 57000
General Information:  
Business Area:
Year Established: 1989
Is Relocatable?:
 No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 01PT
No of trading hours: Mon – Sat: 5.00am – 5.00pm
Reasons for selling:
 Ill health and retirement plans now lead to an excellent opportunity to acquire a very profitable business.
Market competition and expansion:
 The business would benefit substantially from a refurbishment. In addition, hours could be increased and an alcohol licence applied for. Closing later on Wednesday’s and Saturday’s would take advantage of Lottery sales. More chillers, cabinets, racking and more convenience items and stock would lead to further net profits.
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