Hilton Smythe introduces to the market Parklands Newsagents, a long established popular concern serving this busy local community.
Originally founded in the 1970’s and under the careful control of our clients since 1986, the business has established a large client base resulting in very high turnover and further benefitting from low overheads.
Parklands Newsagents provides a newspaper delivery service twice a day within the area and further revenue is generated from the retail of everyday general convenience items, magazines, greeting cards, cold drinks, confectionary, cigarettes, crisps and alcohol. The business also benefits from very high Lotto and scratch card sales generating an additional income circa £4,700 per week.
We feel this profitable concern could further increase income by introducing new stock lines or perhaps creating further retail space utilising the stock room at the rear of the premises.
Early viewing of this clearly sustainable business is highly recommended.
Parklands Newsagents is located in Northampton in the East Midlands. The town is one of the largest in the UK without city status, with a population circa 212,000 according to the 2011 census.
The business is located amongst a parade of retail shops on Oulton Rise just on the outskirts of the main town centre, but within the heart of a very heavily populated residential estate and in close proximity to the Northampton University campus, local schools and an industrial estate ensuring heavy footfall in the area.
The business further benefits from a bus stop and free car parking directly to the front aspect.
Northampton has excellent road access with junctions 15, 15a and 16 linking to the M1 motorway. Both the A45 and A43 connect the area to other major towns in the region. The town also has great public transport with a mainline railway station and regular bus services to outlying villages and towns within the county.
This single storey 560sq ft lock up within a retail parade briefly comprises:-
Adjustable perimeter shelving to suit trade, central aisle, 3 two door chillers, 1 one door chiller, open chiller unit, glass top chest freezer, card racks, newspaper display unit, shop counter with EPOS till, lottery terminal, cigarette gantry and sweets display.
To the rear is a fully shelved and racked stock room and toilet facilities.
Externally there is a delivery bay to the rear and to the front is a forecourt providing free parking. The business has security shutters to the front and secure gate to the rear.
We are advised leasehold.
The original lease length is 5 years with 2 years remaining.
Rent is £8000 per annum.
The business opens:-
Monday to Saturday 5.30am – 7.30pm
Sunday 5.30am – 12.30pm
To be advised
The business reports a healthy turnover of £234,000 per annum plus an additional £14,000 per annum from Lotto sales. Reported gross profit is £74,000 per annum.
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