Hilton Smythe is delighted to welcome to the market Branch End News. This well used newsagents was originally established in the 1860’s but was only very recently taken over by our client in 2014. Our client is now looking to sell the business due to the desire to move abroad.
This is a highly profitable business with great potential to increase turnover. The current turnover is circa £206,000 per annum with a gross profit of 25%. One way in which the business could boost trade would be to open later into the evenings. The shop currently shuts at 6pm Monday-Saturday. By opening later hours there is more potential to increase custom.
The business is only recently looking to add a lottery terminal, we feel this would highly benefit the store and could generate a great extra income. The store currently offers a Paypoint, newspapers, cash machine and the store is also a Hermes agent. The current income for these facilities are Paypoint £500 per week and newspaper bill £1,600 per week. The store has a newspaper delivery round but could look to introduce a groceries delivery round.
There is little competition in the area which allows the business to benefits from loyal repeat trade. This is a highly populated area and our client sees a generous amount of regular faces. This is the go to store within the area and so the purchaser should focus on stock and making sure that most convenience products are available.
Above the store is a flat. There may be an opportunity to purchase the freehold of the property
This is a fantastic opportunity for a purchaser looking to buy a profitable store. Hilton Smythe highly advise early viewing to avoid disappointment.
Branch End News is located in Stocksfield, Northumberland.
The business is situated in a highly densely populated location. There is little competition in the area. Just up the road from the premise is a pharmacy, car showroom and a garage. In the other direction is a park which is perfect in the summer as cold drinks and ice cream are always great sellers.
The business is in a fantastic location, the road on which the business is located is the main road in Stocksfield. The A695 runs from Gateshead near Newcastle Upon Tyne through to Hexham where it connects to major A-roads. This main road location means that there is always a high amount of passing trade. Just outside the property is a bus stop which has regular routes into Newcastle Upon Tyne.
There is free on street parking allowing for customer to easily call in the store.
The property is well singed and has two large display windows. There is a terraced area at the front of the property which is used for displaying signs.
Inside the store is the main retail space which is open plan. There is perimeter shelving around and there are freezers in the centre of the room. The counter is to the back of the shop and has a clear view of the whole shop.
Wall displays and racks
Double door drinks chiller
Large dairy chiller
Ice cream freezer
To the back of the property is a paper room, kitchen, toilet and store room. There is an exit leading to the rear yard.
We are advised the business is Leasehold.
Original lease length: 10 years
Remaining lease length: Over 4 years
Rent: £805 per month
The business is open-
Monday - Saturday: 6am – 6pm
Sunday: 7am – 12:30pm
The business is run and managed by our client with the help of 1 part time member of staff and 12 paper boys.
The current turnover is circa £206,000 per annum with a gross profit of 25%.
Paypoint- £2,000 per month
Newspaper bill- £1,600 per week
Paper rounds - £400 per week
Hermes & dry cleaning - £200 per month
Lottery being introduced.
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