Hilton Smythe is delighted to introduce to the market Tudor Newsagents. This thriving business was originally founded back in 1985 and has been run and managed by our clients, a successful husband and wife team ever since.
This traditional newsagents is deceptively spacious inside and is well laid out with newspapers and magazines, greeting cards, alcohol, confectionery and a good choice of convenience items. The business reports a fantastic turnover in the region of £246,000 with a gross profit of circa 33%.
The business sits within a heavily populated residential area and is very well supported by the local community, the business provides a large paper round delivery service in the vicinity. We believe a new owner may wish to look into introducing post office services or Lottery sales to further income.
Included in the lease is a large 3 bedroom flat above the business which could be used as owner’s accommodation or let out to generate additional revenue.
Tudor Newsagents is located in the bustling resort of Bognor Regis, West Sussex.
The business sits within an affluent and highly populated residential area from which the business derives much trade. Located at the heart of the community and on a main thoroughfare ensuring good passing trade.
Bognor Regis is situated on the south coast of England and is a popular family holiday destination boasting many sites of historical interest nearby and home to the well-known Butlin's holiday camp. The area is easily accessible with its own railway station and access via the A27 running between nearby Portsmouth and Worthing.
Well-presented mid parade premise briefly comprising:-
Service counter, newspaper and magazine rack, 2 drinks fridges, large open food/wine chiller, wall to ceiling shelving, ice cream freezer, frozen food glass topped freezer, ATM machine and CCTV.
To the first floor is the self-contained 3 bed flat briefly comprising:- separate lounge and kitchen , bathroom, with access through separate front door left of shop entrance.
Double garage accessed by alleyway to the right of shop.
The business benefits from free parking outside.
We are advised leasehold, with a new lease of 10 years to be offered and will include the shop and 3 bed flat upstairs.
Rent is the region of £17,000.
The business opens:-
Monday to Friday 6.00am – 6.00pm
Saturday 6.00am – 4.00pm
Sunday 7.00am – 1.00pm
The business is owner run and managed.
The business reports a fantastic turnover in the region of £246,000 with a gross profit of circa 33%.
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