Greengrocers for sale in Newmarket

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 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £89,950 Turnover: £412,398 Gross Profit: £66,917
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent business in the delightful market town of Newmarket, Suffolk. The business was established in the 1960`s and has been in our clients` careful ownership since 2002. Only now is the business being offered to the market due to our clients` other business interests. The business is open 7 days per week and generates a turnover in the region of £412,000, with a gross profit of approximately 16% as per 2015 accounts.

The turnover is generated from the sale of newspapers and magazines, tobacco products, soft drinks and snacks. The business further benefits from the installation of a Health Lottery terminal. The property boasts a 2 bedroom owners` accommodation to the first floor, which has a condition in the lease that it cannot be sub let. We feel the turnover could be increased by extending the opening hours, as well as increasing the range of products available. Our clients` currently operate an over the counter sales operation, which gives scope to offering a newspaper delivery service, should a new owner choose.

We are advised that the business has recently been granted an alcohol licence which should have a positive impact on sales. The business has an excellent reputation for service and friendliness within the area, which has resulted in a loyal customer base and a lot of repeat trade. We would like to emphasise that our clients` support and service the horse racing industry with many repeat accounts. We feel this is an excellent opportunity for a new owner, possibly a husband and wife team, to take this already thriving business to the next level; therefore early viewing must come highly recommended

LOCATION
The News Box occupies substantial two storey premises in the market town of Newmarket in Suffolk. The business is located on the main high street, close to the clock tower and the very busy shopping centre, therefore benefiting from a vast amount of footfall and passing trade. The property is surrounded by a wealth of complimentary shops and businesses. The business benefits from on-street parking to the front of the premises, as well as being within close proximity to a public car park.

Newmarket is a market town in Suffolk, approximately 65 miles from London and is generally considered the birthplace of thoroughbred horse racing. The town is home to the National Horseracing Museum, the Home of Horseracing project, Tattersalls, the racehorse auctioneers and two of the world's foremost equine hospitals for horse health. There are two racecourses within the area that bring in additional trade during the summer months, with a high volume on selected race meetings.

The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is less than one mile away. The property boasts easy access to the A-road system with the A14 being within easy driving distance, which links to the vast A-road and motorway networks. Cambridge is approximately 13½ miles away and Bury St Edmunds is 14½ miles away.

PREMISES
Single fronted, terraced, two-storey property, briefly comprising:

Ground floor with:

Serve over counter with EPOS system.

Cigarette gantry.

Confectionery display.

Perimeter racking and shelving to suit trade.

4 x upright display drink chillers.

Ice cream freezer.

Newspaper and magazine display unit.

Loose sweets display.

Sundries display area.

Health Lottery terminal.

Greeting card display unit.

Stock room with kitchenette

WC

Rear access door.

Hallway leading to stairway to first floor.

First floor with:

Lounge.

Kitchen.

Bathroom.

2 x double bedrooms.

Study/office area.

Lower ground floor with:

Large cellar area used for storage.

External with:

Rear yard/bin area.

Roof garden to first floor.

The property was re-roofed and re-wired in 2000 and new windows added in 2004.

TENURE
We are advised Leasehold:

Original lease length: 15 years
Remaining lease length: 9½ years
Review every: 5 years
Rent: 11,000 per annum

HOURS
The business is open:

Monday – Saturday: 5.00am – 7.00pm

Sunday: 5.00am – 1.00pm

STAFF
The business is owner run and managed with the addition of 1 full time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of £412,000, with a gross profit of approximately 16% as per 2015 accounts.



Tenure: Leasehold

Listed by: Hilton Smythe
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2001
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