Freehold Newsagent With 2 Bed Apartment - Price Reduced For Quick Sale
Price:
Freehold - £245,000
Business Type:
Retail businesses
HISTORY
• This family run newsagents was founded over 24 years ago during which time it has had only 1 owner
REASON FOR SALE
• Unfortunately, the vendor has passed away, the business is run by his son on a temporary basis
PRODUCTS
• The business operates as a traditional newsagents with the following items offered for sale:
• Cigarettes and tobacco
• Newspapers and magazines with 12 morning rounds, 4 evening rounds and 12 Sunday rounds
• Greetings cards and gift wrap
• Soft drinks
• Stationery
• Some select convenience items
• Ice creams
• Small toys
• Crisps, sweets and confectionery
CUSTOMERS
• Mainly drawn from the local area, the business has a loyal customer base
• There are 4 nearby schools so the business has a large children trade
SERVICES
• The newsagents offers a photo copying facility
STRENGTHS
• An extremely well established business
• Little local competition
• High visibility location
• Loyal local customer base
• High gross margins together with low overheads
SCOPE
• The vendor has informed us that there is a genuine potential to increase both sales and profits by:
• Opening extra hours in the evenings and on Sunday afternoons
• Applying for PayPal, Paypoint or the Lottery
• To apply for an alcohol licence
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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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 newsagents is located in the centre of a large residential area with no nearby competition
• Mon to Sat: 6.30am to 6.30pm
• Sunday: 6.30am to 1.00pm
• Ground floor end terraced shop with self contained 2 bed apartment on the first floor, they briefly comprise:
• Central entry door into the shop from wide walkway pavement
• Rear counter and till with back cigarette gantry
• Long central display, one side with general household goods and the other with loose confectionery
• Twin and single door chiller units, both for soft drinks, an ice cream freezer and an open red bull chiller
• Large magazine and paper rack display dominates one side wall
• Greetings cards display and photocopier
• Rear stores area with w/c, sinks and water heater
• The premises has a tiled floor, suspended ceiling, is alarmed and has a 4 camera CCTV system
Apartment
• There is a rear door which gives access to the external stairway to the self contained apartment which includes:
• Entry from roof terrace into the lobby area
• Spacious lounge with electric fire, tv point and service hatch from kitchen
• Corridor with both bedrooms, kitchen and bat
North Yorkshire
£ 750,000
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