Newsagents for sale in Alnwick

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Leasehold Price: £24,999 Price Reduced Turnover: £273,000 Gross Profit: £45,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this long established newsagents business in Alnwick, Northumberland. The business was established in the 1960’s and has been in our clients careful hands since 2009.

The business is only now being offered to the market due to our clients desire to explore other business interest. The business is open 7 days a week and generates a turnover in the region of £273,000 per annum with a gross profit of approximately 16%.

Taylors Newsagency is a popular newsagents business with great repeat business from local residents as well as benefiting from trade from many tourist visiting.  The business benefits from being close by to Alnwick Castle and Gardens, which is a popular tourist attraction, the castle was used for the filming of Harry Potter.

The newsagents offers a wide range of different products including a wide variety of magazines and newspapers, cigarettes, tobacco, confectionary items, cold beverages, stationery items, cards and a small range of tourist souvenirs.

We feel the business could possibly increase its turnover by introducing Lottery and Pay Point services, the business could also potentially expand the opening hours. This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore, an early viewing must come highly recommended to avoid disappointment.

LOCATION
Taylors Newsagency is located in Alnwick, Northumberland.

The business is situated in a prime town centre location with excellent footfall from passing shoppers. The shop is close by to the tourist attraction Alnwick Castle and Gardens.  The business benefits from being a on main bus route through the town with free disk parking outside  

Alnwick is a historic picturesque market town in north Northumberland. The town's population is approximately 8100.  According to Country Life, October 2002, "Alnwick is the most picturesque market town in Northumberland, and the best place to live in Britain".

The town is situated largely on the south bank of the River Aln, 32 miles south of Berwick-upon-Tweed and the Scottish border, 5 miles inland from the North Sea at Alnmouth and 34 miles north of the city of Newcastle upon Tyne.

PREMISES
Single fronted parade premises, briefly summarising:-

 

Ground floor:

The ground floor consists of the main stop area. The area is fitted with a large magazine and newspaper display, a separate newspaper display stand, shelving, cigarette gantry, sales counter with EPOS system, Coca Cola branded double upright drinks chiller, Pepsi Max branded single upright drinks chiller, Wall’s branded ice cream chest freezer and a crisp display stand.

Storage area:

A door to the rear of the shop leads through to a storage area, which is fitted with perimeter shelving.

An office and toilet facilities are also in place to the rear of the premises.

External:

The exterior of the premises is well signed.

TENURE
We are advised Leasehold.

New lease to be negotiated.

HOURS
The business is open:

Monday - Saturday: 6am till 5pm

Sunday: 6am till 12pm

STAFF
The business is owner run and managed with the assistance of 3 staff members.

FINANCIAL PROFILE
We are advised the business generates a turnover in the region of £273,000 per annum and a gross profit of approximately 16%.


Tenure: Leasehold

Listed by: Hilton Smythe
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