Reliable Newspaper Home National Delivery Service in Watford

Edgware, London
REF: S07094

Asking Price:
£11,500
Annual Turnover:
£54,555
Annual Net Profit:
£24,555
REF: S07094

Overview

Tenure:
Relocatable
Established:
TBC
  • Well Established and Longstanding
  • Excellent Profit Margins
  • Good Relationships with Clients
  • 2 major wholesale accounts with WH Smith and News International
  • Huge scope for growth

The business for sale supplies newspapers for Watford homes and surrounding area. The current owner operates from home delivering papers to areas of Croxley Green, Rickmansworth and Chorleywood.

Established in 2001, the owner has built fantastic relationships with local newsagents, delivering between 5am-7.30am each day – including weekends. Through providing a reliable and dedicated service, the director has obtained an impressive financial profile. The business for sale is now available on a relocatable basis.

The business is a renowned home newspaper delivery service supplying all the main UK newspapers one would expect to find an any newsagent. Delivery charges are £400 - £450 a week and customers are billed on a 4-weekly basis.

The vendor has 2 wholesale account where he obtains his newspapers – WH Smith and News International. The WH Smith account is currently within the WD postcode and the News International is based outside of this. The vendor is currently based outside the WD postcode, which is why he has these two wholesale accounts. The current owner also delivers within WD3 postcode. The area range from his first to last delivery is 35 miles – with the average time to deliver estimated between 2 – 2.5 hours and this is done in the morning.

The business is owner-operated by the vendor and there are no additional members of staff. The sale of the business covers the database of customers and the wholesale accounts.

A suitable buyer would be looking to further grow a thriving, well established business. The business has achieved amazing success through minimal marketing efforts. It would be an ideal opportunity for individuals with experience in the courier industry. For the right buyer, this business offers a huge potential for growth.

However, there are number of ways in which the business can be grown. There is no online presence and increased advertising online could significantly enhance the yearly income, as well as the creation of a website.

This would help inform potential customers of the services offered by the company.

Intelligent Business Partners are searching for a suitable buyer. The current owner is happy to stay on the business for a couple of months to assist with handover. Longer if needed, but 2 months is maximum.

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  • Home based opportunity
  • Operates throughout the Watford area
  • Extended delivery within 30 miles of the WD3
Rent
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Rates
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Lease Term
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Lease Expiry
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Square Footage
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Accommodation Included
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Premises Licence
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Property Value
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Planning
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EPC
C 51-75

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Accounts
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Trading Entity
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Current Ownership
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