Low rent of £11,000 p.a. (zero business rates).
Attractive shop with village green location.
Annual turnover around £450,000 pa (inc. vat & commissions).
Weekly shop sales of c £6,500 p.w. inclusive vat.
High profits to a working couple.
Huge potential to convert to a full convenience store and extend opening hours.
THE BUSINESS ITSELF
This newsagent business is highly profitable and long established and attracts custom from several surrounding villages within a five mile radius. This lock up shop, which enjoys a low rent, is achieving substantial and sustained growth with total sales around £450,000 p.a.(including lottery commission and vat),The current owner has only recently applied for an alcohol licence which has been granted to allow immediate sales of alcohol for the new owner to reap the rewards from.
Currently trading as a traditional newsagent, this spacious unit is ripe for conversion into a fully fledged convenience store currently offering newspapers, a wide selection of magazines, confectionery, tobacco products, greeting cards and gifts and general groceries.
It is in the top 20% of National Lottery retailers and recently upgraded to a 20 scratch card dispenser. Annual lottery sales are in excess of £135,000 p.a. and scratch card sales in excess of £57,000 p.a realising over £12,000 p.a. in commission.
Monday to Saturday 7.00am to 6.00pm (7.30pm Wed. + Sat). Sunday 7.00am to 12.30pm.
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