Buying a newsagent (any owners)
Discussion
Algarve said:
plenty more examples where they came from!
https://www.google.co.uk/amp/s/www.euroweeklynews.com/2020/04/03/murder-in-the-algarve-portugals-police-arrest-2-women-for-dismembering-decapitating-man-for-e75000/https://www.google.co.uk/amp/s/www.euroweeklynews....
Oh well, bang goes the Portuguese holiday plan too!
As to actually LIVING there.....
http://john-clare.com/blogs/algarve/crime.html
https://www.dailyrecord.co.uk/news/uk-world-news/m...
Good job we’ve got the tabloids and t’internet to influence what we do/where we go etc etc otherwise we’d get in no end of trouble, eh??
Edited by Groat on Monday 6th July 07:04
Wilmslowboy said:
Contacted the agent three times (two calls, left messages and email), asking for additional information - no reply.
Either the seller has got cold feet or the agent is a bit pants.
My friend has upped his budget to £250k, (higher if it can be funded with some debt), looking for a well-establihsed business that can be run by someone with management and commercial skills (e.g no technical/ engineering background) - location agonist.
Any alternate places to look beyond Daltons ??
Christies, ukbusinessforsale and rightmove commercial. Selling through word of mouth is common however, especially for good stores. I normally hear who’s looking to sell down the cash & carry...Either the seller has got cold feet or the agent is a bit pants.
My friend has upped his budget to £250k, (higher if it can be funded with some debt), looking for a well-establihsed business that can be run by someone with management and commercial skills (e.g no technical/ engineering background) - location agonist.
Any alternate places to look beyond Daltons ??
Which location is he looking at?! Also that budget would cover a good leasehold store, but freehold will probably be bit more, with alot having owners accomm above.
Does he have any preference for what type of store?! Would he be suited to quiter village store location or a competitive city centre or council estate...
Edited by Freshprince on Tuesday 7th July 21:49
Freshprince said:
we don't face any competition from a multiple (co-op, tesco express, Aldi). Gross profit margin is between 20-25% on turnover. Again we own the freehold outright so no significant outgoings. We operate under Premier symbols group (owned by bookers cash & carry) which we get deliveries once or twice a week and top-up at the local cash & carry as needed through the week. This affords us access to good margin stock, offers and rebates on stock purchases. There are other symbol groups such as NISA and Londis, which again you run completely independent, how you see fit. You can tie into a franchise such as One-Stop (Tesco) or Spar, but will have less control.
Booker is owned by Tesco, so I wouldn’t of thought a Tesco Express will open near any Londis, One Stop or Premier convenience stores. 
Stumbled on my own old thread - thought it worthy of an update.
Chap stayed abroad for another 3 1/2 years, tried to give his marriage another go, but with little success.
Actually ended up doing uber black / private client driving, which went from around $800 a day in 2022 to more like $350 by the end of 2023, so regrettably packed that in.
Back in the uk, working in a small manufacturing business (enjoying himself and making enough money to get by).
Still keen as ever to own his own business, but cast the net wider to include B2B, manufacturing etc, in fact he has cooled on the idea of retail, hospitality etc.
He has come across a few interesting retirement sales, unfortunately so many of these the success is tightly coupled with the existing owner / founder.
His search goes on.
Chap stayed abroad for another 3 1/2 years, tried to give his marriage another go, but with little success.
Actually ended up doing uber black / private client driving, which went from around $800 a day in 2022 to more like $350 by the end of 2023, so regrettably packed that in.
Back in the uk, working in a small manufacturing business (enjoying himself and making enough money to get by).
Still keen as ever to own his own business, but cast the net wider to include B2B, manufacturing etc, in fact he has cooled on the idea of retail, hospitality etc.
He has come across a few interesting retirement sales, unfortunately so many of these the success is tightly coupled with the existing owner / founder.
His search goes on.
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