Hilton Smythe is delighted to welcome to the market this newsagent business in Liverpool, Merseyside. The business was established by our client over 50 years ago, and is only now being offered to the market due to our client`s desire for a well earned retirement. The business is open 7 days per week and generates a turnover in the region of £624,000 with a gross profit of approximately 19%. Butterfields generates its turnover through the sale of newspapers, magazines, cards, tobacco products and convenience lines, as well as Paypoint, Payzone and the Health Lottery.
There is scope to increase turnover by embarking on a modest marketing campaign and possibly extending the opening hours. A new owner could increase turnover further by introducing alcohol sales subject to necessary licenses. A Lottery terminal has was recently installed within the business, which will increase the turnover.
The property benefits from 2-3 bedroom accommodation, which could be used as owners` accommodation or let out to generate further income. This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level; therefore early viewing must come highly recommended.
This newsagent is ideally located on a busy main road in Liverpool, Merseyside. The business is surrounded by a mixture of residential and commercial properties and is directly opposite a busy and well known supermarket. The business benefits from ample on-street parking within the vicinity, as well as a vast amount of footfall and passing trade. Liverpool is a large city which boasts a wealth of amenities and attractions including several theatres, museums, bars and restaurants and is a desirable place in which to live and work.
Anfield football stadium, which is home to Liverpool FC, is less than a mile away and provides a large amount of trade on match days. 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 approximately 2 miles away. The property has easy access to the A-road system being situated on the A580, which links to the vast A-road and motorway network. St Helens is approximately 11 miles away and Birkenhead is just over 5 miles away.
Three storey, mid-parade property, briefly comprising:
Ground floor with:
Display serve over counter with electronic cash register, Health Lottery terminal and Paypoint/Payzone terminals.
Confectionery display area.
Display shelving to perimeter walls.
Double door drinks chiller unit.
Single door drinks display unit.
Greeting card display area.
Newspaper/magazine display area.
Ice cream freezer.
To the rear is:
First floor with:
Second floor with:
Lower ground floor:
The first and second floors need refurbishment to form owners` accommodation.
We are advised Freehold.
A Leasehold option is also available at £99,950 with a new lease to be negotiated. Rent will be around £12,000 per annum.
The business is open:
Monday – Saturday: 6.00am – 6.30pm
Sunday: 6.00am – 1.30pm
The business is owner run and managed with 4 x part time staff members.
The business generates a turnover in the region of £624,000 with a gross profit of approximately 19%.
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