Hilton Smythe welcomes to the market AS News. Established back in the 1960’s our client has successfully run the business since inception in 2015.
This long established business is very well supported by the local community with high levels of repeat trade and passing footfall. The store is well stocked and clearly laid out, with revenue derived from the sale of newspapers/magazines, greeting cards, confectionery, general groceries and hardware items.
The business reports turnover at £104,000 for this financial year, and benefits from low running costs. The business also offers newspaper delivery in the area with 2 morning rounds and 3 evening. The business reports a good weekly income from newspaper sales and from the Payzone facility.
This is an ideal turn key business which genuinely comes to the market as our client looks towards retirement, but is happy to offer a handover period to assist with the smooth transition of ownership.
AS News is located in the town of Willenhall, West Midlands.
The business is ideally situated at the heart of a large housing estate and within a busy retail parade alongside other complimentary businesses such as a tanning shop, pizza store and an off licence. The business is within a short walking distance of local schools from which the business benefits from, with high footfall from parents and children as well as the many local residents in the vicinity.
Willenhall is situated between Wolverhampton and Walsall and is served by several A roads and the M6 just a short drive away.
Mid parade premise briefly comprising:-
Windows to front creating a light airy interior, tiled floor, suspended ceiling with concealed lighting, newly decorated and immaculately presented.
Crisp and snack racking
Greeting card racking
Glass topped ice cream freezer
Magazine and newspaper racking
Central shelving gondola
Glass fronted dairy chiller
Wall hanging space
Glass fronted double drinks chiller
4 camera CCTV system
Counter with confectionery display
Till and wrapping area
Freestanding hanging sweet display.
Stock room with perimeter shelving.
WC with hand wash basin
The business is nicely presented, well maintained with clear visible signage. There is a roll down security shutter to the front and a monitored alarm system
There is free parking immediately outside the premises.
We are advised leasehold
A new lease is to be negotiated.
The business opens:-
Monday to Saturday 6.30am – 7.00pm
Sunday 7.00am – 5.00pm
The business is owner run and managed with the assistance of 1 full time and 2 part time members of staff.
The business reports turnover at £104,000 for this financial year.
The average weekly takings for news sheets is £700 - £800 per week.
The average weekly commission for the Payzone facility is £100 per week.
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