Hilton Smythe is delighted to welcome to the market S A M News. The business was originally established in the 1960’s and is a busy well-known store in the area. Our clients first took over the store in 2003 and have enjoyed running this successful newsagents; however, our clients are now looking to sell the business due to the desire to take a well-deserved retirement.
The business runs as a newsagents selling a selection of newspapers, magazines, Lottery, stationary and confectionary products. The store also stocks a large range of greetings cards. We believe the store offers 15 paper rounds a week to the surrounding area.
The business currently generates an advised turnover of around £193,000 per annum with a gross profit of 35%. This is a great income, although the business does generate an extra income from Lottery sales, news sheets and the use of the photocopier. This is on a profit share basis with Toshiba and our clients don’t pay a rental fee.
The business could increase turnover by opening longer hours. The store currently shuts at 5:30pm on weekdays and misses out on some vital trade from rush hour. The store sees a large amount of custom from passing trade and so by increasing the hours the owner maximises the amount of custom. The new owner could also look to acquire an alcohol licence.
Above the store is a two bedroomed owner’s accommodation. This flat could be used by the new owner or rented out if not required. This flat could generate a great extra income every month.
This newsagents is perfect for a husband and wife team; looking for an excellent business opportunity. Our clients have run this business to a high standard, making this store perfect for a first time purchase. Hilton Smythe highly advise early viewing to admire the full potential of this store.
S A M News is located on a main road in Ferndown, Dorset.
The business is situated on a retail parade, most of these stores are detached properties and come with their own parking to the side or front. On the main road are parking bays that run along the front of the businesses. There are several retail outlets on this parade such as a Chinese takeaway, Indian takeaway, soft furnishing store and more.
This is a densely populated location, with new build flats and houses just seconds away. Across the road from the business is a bus stop with regular routes into surrounding towns. Bournemouth is just a short 25 minute drive away and Poole is also just 20 minutes away. This is a great location for commuting, due to the great public transport and close proximity to other towns.
The business boasts a large detached premise. The property is well signed and looks presentable. Across the front of the premise is a large window which allows for a bright and airy retail space.
Inside the store is a substantial sized retail area. To the right are several card racks and to the other side is shelving and magazine racks. To the rear of the premise is a large counter. Behind the counter is a door through to an office space. There is also a great sized stock room which is fully shelved.
Computer with printer
Ice cream freezer
Photocopier (profit share basis with Toshiba, no rent fee)
Coca Cola drinks chilled (Leased)
On the first floor of the property is a two bedroomed owner’s accommodation. The living space has a lounge, kitchen, bathroom and two double bedrooms. There is separate access for the accommodation at the front of the property.
At the front is off road parking for staff and customers. There is a garden to the rear and side of the premise.
We are advised the business is Leasehold.
Original lease length: 15 years as of December 2013
Left on the lease as of 2016: Over 12 years
Review: every 3 years
Rent: £10,000 per annum
The business is open-
Monday - Friday: 5:30am – 5:30pm
Saturday: 5:30am – 5pm
Sunday: 7am – 12pm
Bank holidays are optional.
The business is run and managed by our clients.
The business generates a turnover in the region of £193,000 per annum.
With a gross profit of around 35%
Lottery and news sheet income to be advised.
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