Hilton Smythe welcomes to the market Bargain Spot. This is a well-established store, which was originally opened in 1931. The store is popular in this location and receives a generous amount of repeat loyal trade. Our client took over the store in 2009 and is now looking to sell the business due to the desire to focus on other business interests.
The shop runs as a traditional village newsagents, offering a variety of convenience products. They sell pet food, confectionary, cigarettes, cards, gift wrapping, stationary, hardware and much more; this is the go to shop within the area.
The shop is currently turning over a figure of £286,000 per annum, with a gross profit circa of 22%. The business also offers news sheets this generates a good steady annual income of around £72,800. Lottery commission also generates an annual income of circa £13,000. There is also a Payzone which adds to the turnover.
The shop is open 7 days a week, however, we feel that the new owner should look to open longer hours; this should maximise potential custom. Offering off licence products such as beers, wines and spirits could also be a great way of increasing income.
This is a fantastic opportunity that is not to be missed. The high street location allows for a high amount of footfall and passing trade.
Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Bargain Spot is located in Newburgh, Cupar, Fife.
The shop is situated on a main high street, in the centre of Newburgh. There are a variety of stores in this area, however, this village is mostly made up of residential properties; from which the business derives much of its trade. Directly outside the shop are parking bays, these line the street.
Newburgh is a community village that receives a generous amount of tourist attention. There are many attractions close by, such as museums, Elcho castle, Branklyn Garden, art galleries, park trails, golf courses, nature reserves and much more.
The shop is located on the main arterial road in the village, this road runs from the M90 motorway and connects to the A91 at Cupar. There is a large amount of footfall and passing trade that uses this road. The village has great public transport connections, with bus stops within easy walking distance. The closet train station is in Perth, this is a short 20 minute drive away from the property.
Bargain Spot boasts an eye catching double fronted property. The shop is well signed with ‘The Sun’ branding. There are two windows either side of the door and two notice boards for promoting deals and offers. There is free parking outside the shop.
Shop entrance opens up into a good sized retail area. To the right is the service counter with, cigarette gantry behind and epos till. Along the right hand wall is the main news and magazine stands, card displays and general shelving through to the rear of the store. Through the middle of the shop are central display shelving, two chest freezers and product stands. Along the left wall is a dairy chiller and two open front fridges.
At the rear is a stock room with access to the cellar below; this is currently used for storage. There is also a kitchen and toilet for staff use.
Equipment included in the sale, is as follows-
Ice Cream Fridge
All general fixtures and fittings are included.
We are advised the business is being sold as a Freehold opportunity.
The business opening hours-
Monday - Saturday: 5am – 6pm
Sunday: 6am – 12pm
The business is run and managed by our client, with the help of one part time member of staff.
The business generates a turnover in the region of £286,000 per annum.
Gross profit 22%
The below is based on average annual takings:-
News sheet’s - £72,800
Lottery Sales - £13,000
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