Booksisell was founded approximately nine years ago and the current owner who has been running the business successfully for the last three years is now selling, albeit reluctantly so that he can enjoy a well-earned retirement.
The business is a well-established secondhand bookshop which is absolutely stocked to the rafters with over 30,000 books (all stock is included in the sale). All tastes are catered for from modern paperback fiction to specialised subjects. The business also trades on the internet through Amazon and Abebooks with a separate stock held on the premises of rarer and collectable books.
A search facility is currently offered with the aim of obtaining particular titles for individual customer requests. Recently added and proving very popular is a dedicated room for vinyl records.
The business has many regular customers with customers travelling from all parts of the country to visit this charming, traditional book store.
Scope to Improve
Advertising and marketing campaign
Maximise the use of social media
Extend the opening hours
Website ideally with an e commerce facility
Explore the possibility of starting an EBay Shop
Attend antique fairs and other shows
Consider stocking small gifts and greeting cards
Offer tea and coffee facilities for browsers
Newport is a market town in the borough of Telford and Wrekin and ceremonial county of Shropshire. It lies some 6 miles north of Telford and some 12 miles west of Stafford and is near the Shropshire/Staffordshire border.
In 2007 the town received major investment including a major development of the canal and surrounding area. In the spring of 2010 a £1.5m regeneration began with the redevelopment of Victoria Park to the rear of The Royal Victoria Hotel. The next stage of the regeneration which was mainly focused on the High Street area, close to where the business is situated involved re-surfacing the High Street pavements.
The town is a lovely vibrant one, popular with tourists and Booksisell is perfectly situated alongside other complimentary retail businesses most of which are independent, in a main road position and as such benefits from high levels of footfall and passing trade.
The business is well signed and nicely presented and maintained with free car parking in a public car park to the rear as well as on street parking just along from the business premises.
The business occupies the ground and lower ground floors of an attractive, period terraced property and is presented and maintained to a high standard.
Windows and glazed door to front creating a light airy interior, generously proportioned store with high ceilings and fluorescent lighting, bespoke timber shelving to all walls with further central shelving, absolutely stocked to the ceilings with stock with the shelving cleverly designed and installed to maximise the space available.
Beneath the shop is a deceptively spacious basement which is dry with good head height, whilst currently used for storage it offers the possibility of being converted to additional sales space. There are 4 generous rooms one of which contains a small kitchenette area with stainless steel sink and drainer with Carousel 3 water heater and extractor fan.
With close coupled toilet, hand wash basin with Triton water heater.Tenure
We are advised leasehold with the current 3 year lease expiring in February 2019.
The rent is an extremely reasonable £13,000 per annum especially given its perfect, High Street trading position . We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
There are no business rates currently payable.Hours
Monday to Saturday 10.00am to 4.00pm
The business is owner managed and run.Financial profile
The business reports a current turnover of approximately £30,000.Reasons to buy
A well-established business with an enviable reputation and many existing customers
The sale includes all stock (circa £100k)
Minimal running costs with inexpensive rent and no business rates
A real lifestyle business offering a lucky new owner the opportunity to work in the beautiful and vibrant town of Newport in the lovely county of Shropshire.
Current owner happy to offer a handover to ensure the continued success
A particular feature of this business is that very little stock actually needs to be purchased, most of the shop stock comes from voluntary donations.
A real opportunity to to increase turnover significantly, the current owner has been running at a pace to suit.
A real lifestyle business just perfect for an entrepreneurial bibliophile
Early viewing is recommended on this lovely little business.