F/H NewsagentsWith Excellent Potential and Additional Rental Income
Price:
Freehold - £510,000
Business Type:
Commercial Property, Retail businesses
Advent Business Sales is pleased to have been instructed to offer to the market this extremely well established newsagents with attached large property freehold.
The newsagents, which was founded over 50 years ago has been owned by the present vendor since 1990 and is only now being offered for sale as he wishes to retire.
In addition, should the newsagents be sold leasehold to an interested party, it should command a premium of circa £30,000 with an annual rent of circa £8,000 per annum.
Shop sales are currently circa £3,000 per week, achieved by the owner working part time only. There is tremendous scope to increase the sales further.
The newsagents sells:
• Cigarettes and tobacco
• Newspapers and magazines
• Soft drinks and confectionery
• Household goods
• Stationery & small toys
• Greetings cards and gift wrap
• Ice cream
It also has 4 morning newspaper rounds.
The shop employs 3 part time staff only who currently manage the shop between themselves. This is ideally suited for a working owner or couple.
We have been advised that the vendor has applied for an alcohol license, which should increase turnover considerably.
We are advised that stock at cost is approximately £10,000.
REF: 9481WR
EXPANSION POTENTIAL
This is clearly a very successful business, it does however, offer excellent scope to increase both sales and profits by:
1. Applying for the National Lottery
2. Opening more hours in the evenings
3. A working owner or couple would save on staff wages
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
The premises have an excellent location on a busy main arterial road in a densely populated area of Worcestershire.
Parking is free of charge, time restricted in a lay bye in front of the shop in side streets which have no limits.
Mon-Sat: 6.00am – 5.30pm
Sun: 7.00am – 2.00pm
North Yorkshire
£ 750,000
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