Woolbrook, Sidmouth, EX10

Woolbrook News

Turnover: circa £550k
Adjusted Net Profit: £AOR

BUSINESS SUMMARY

Business Name: Woolbrook News
Location: Sidmouth
Type of Business: Newsagents + Grocer

THE OPPORTUNITY

Prime Location: Strategically located in a high-traffic residential area of a select coastal town with excellent visibility on a major route to the beach/promenade.
Established Customer Base: A loyal and diverse customer base that values the convenience and quality offered from a traditional store.
Strong Financial Performance: Consistent revenue growth and profitability over the years.
Comprehensive Product Range: Well-stocked inventory catering to the varied needs of customers, including fresh produce, groceries, snacks, beverages, and household essentials.
Experienced Staff: A dedicated and skilled team that contributes to the efficient operation of the business.

SALE CONSIDERATION

With the owner retiring, Woolbrook News is being made available presenting a turnkey operation for aspiring buyers seeking a lifestyle change and/or expansion for existing operators. The sale will encompass all aspects of the business, including its prestigious brand, loyal customer base and the unique opportunity to acquire a Beauty Salon which is sublet by workstation, which occupies another unit within the property as separate negotiation. This could be expanded upon or used for alternative uses.

The premises is leasehold and will be made available by way of a secure lease assignment.

BUSINESS OPERATIONS

Staffing:

A team of 2 existing staff members is known for their experience and dedication to the business, working alongside the owner. There are over 600+ newspaper deliveries per day with established delivery rounds which are hand delivered by 22 delivery boy/girls and 3 part time drivers.

Suppliers:

The business benefits from long standing relationships with local and national suppliers which has been gained over the years and an incoming operator will benefit from.

Systems and Procedures:

The business utilizes a state-of-the-art POS system for efficient ordering and inventory management, the store also benefits from internal/external CCTV.

MARKETING

The business has limited need to conduct advertising due to the unique location of the store and local knowledge. Marketing is conducted using the social media pages and complimented by the store's website, bringing organic visitors to the store. There is no paid advertising being utilized at present, which could be utilized by an incoming operator as scope for expansion.

PREMISES

The impressive character property provides outstanding presence within this picture postcard location, with impressive accommodation throughout.

The main public area has been upgraded extensively by the current vendor with new refrigerators, new shelving etc... and has previously been expanded into the unit next door allowing for more retail sales space. The vendor previously used this space as a successful tearoom with indoor and outdoor seating, however they were not able to dedicate the time to this side of the business, but this could be easily re-used as an alternative space. The business premises also enjoy the added security benefits of CCTV monitoring, and a full insurance approved alarm system.

The premises is available by way of a lease assignment at 15,300 per annum with a minimum of 10 years.

The first floor is accessed by separate entrance door and staircase from ground-floor level to the first floor this wonderful lifestyle opportunity provides comfortable and convenient in-house private living accommodation which consists of a spacious 3-bedroom owners accommodation above.

Externally, to the front the premises are well signed and attractively presented and afford ample and inviting display window space, onto a good-sized forecourt area with bench style seating and extensive customer parking available by way of on street parking.

The store is in a busy coastal town and the vendor has made significant improvements to the property which offer a warm and welcoming environment for customers and requires no further investment with this high quality fit out to date.

FINANCIAL SUMMARY

Financial information upon request.

The business benefits from multiple revenue streams, all of which are robust and consistent, providing a reliable source of income. The complimentary offerings below, bring a continuous customer base into the store offering opportunities for upselling and include:

- Lottery

- Payzone

- Cards and Gifts

GROWTH OPPORTUNITIES

This is a well-established business with limitless possibilities for an existing operator to bolt on, or for someone looking to enter the market with an established brand and customer base.

* Expansion into new locations.

* Product diversification to include alcohol sales.

* Enhanced digital marketing to include paid ads.

* Ecommerce platform introduction including SEO optimisation and click and collect.

* Increased opening hours

Or simply enjoy this unique and lucrative lifestyle offering with a new life by the sea.

MARKET ANALYSIS

The convenience store industry in the United Kingdom is a dynamic and resilient sector that plays a vital role in meeting the daily needs of consumers. Characterized by a diverse range of products and services, convenience stores have become an integral part of the retail landscape. This market analysis aims to provide an overview of the key trends, opportunities, challenges, and competitive landscape within the convenience store industry in the UK.

FURTHER INFORMATION

Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information, please contact us.