WELL ESTABLISHED UNOPPOSED NEWSAGENTS

Price:

Leasehold - £37,500

Seller Ref:

2697

Location:

Cornwall

Business Type:

Retail businesses

See Other:

General stores for sale in Cornwall
Newsagents for sale in Cornwall
Retail businesses for sale in Cornwall

Description:

THE BUSINESS:

WELL ESTABLISHED UNOPPOSED NEWSAGENTS - CORNWALL
Advised annual turnover of £190,000 with good GP margins
Early interest and viewing is highly recommended
Located in a densely populated area
Scope for further development
All fixtures & fittings included
Genuine retirement sale
Local repeat custom
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer for sale this well established newsagents, the business was established some 40 years ago and has been in the capable hands of our clients for the past 23 years. Only now is the business being offered to the market due to our clients' wishes to take a well deserved retirement. The business is currently run by a husband/wife partnership with the assistance of two part time members of staff. The business occupies a double fronted property in a densely populated area of Camborne, which brings regular repeat customers. It retails in convenience products such as food items, newspapers and magazines, as well as confectionery and cigarettes. They are also an agent for Pay Point which provides further income. Our client informs us of an annual turnover of approximately £190,000 per annum. However, we feel there is a lot of potential for further development by increasing the current opening hours and introducing new convenience lines.

Location Details:

This well established business is situated in a densely populated, residential area of Camborne, Cornwall. It is less than 1 mile from the town centre and has easy access to the A3.

Lease Terms:

Leasehold Original length: 7 years Remaining: 4½ years Rent: £4,000 pa

Accommodation:

Ground floor, double fronted lock up comprising of; Large retail area, fully equipped with freezers, fridge, display cabinets and racking. Serve over counter with EPOS system, cash register and behind counter retail and cigarette display. Behind counter leads through to rear store room, toilet and external access.