Hilton Smythe is delighted to welcome to the market this well-established and busy newsagents business in the affluent area of Aigburth, Liverpool. The business was established in the 1930`s and has been in our client`s careful ownership since 2003. Only now is the business being offered to the market due to our client`s other business interests. The business operates 7 days per week and generates a turnover in the region of £624,000 per annum, with a gross profit of approximately 20%.
Our client offers an extensive range of products, including newspapers, confectionery, general convenience items, household goods, fresh produce and tobacco products, as well as offering the Lottery, mobile top-up cards and Pay Zone. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth referrals.
The premises boast a spacious retail area and are fitted to a high standard throughout. There are three multi-deck refrigeration units, which costs approximately £30,000 5 years ago. We feel there is scope to increase the turnover by extending the range of products available, perhaps by applying for an alcohol licence. This is an excellent opportunity for a new owner to take this already thriving and popular business to the next level; therefore early discussions with Hilton Smythe must come highly recommended.
Lark Lane News occupies substantial mid-parade, lock-up premises, ideally located on a busy road in the Aigburth district of Liverpool, Merseyside. The business is situated within a parade of complimentary shops and businesses and benefits from a vast amount of footfall and passing trade. The business benefits from ample parking facilities to the front of the premises. The property is surrounded by densely populated residential areas, from which the business derives much of its trade.
Aigburth is an affluent suburb of Liverpool, located to the south of the city it is bordered by Dingle, Mossley Hill, Garston and Grassenden. The area is well-served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately half a mile away. The area is also well served by the A-roads, with the A-561 being in close proximity to the property, which links to the vast A-road and motorway networks. Liverpool city centre is approximately 2½ miles away and Widnes is 10½ miles away.
Ground floor, mid-parade lock-up premises, briefly comprising:
Large and spacious sales and display area.
Newspaper and magazine display area.
Racking and shelving to suit trade to perimeter walls.
2 x central display aisles.
Greeting card display area.
Soft drink multi-deck refrigeration unit.
2 x dairy and fresh food multi-deck refrigeration units.
Frozen food freezer.
Serve over counter with lottery terminal, electronic cash register, credit/debit card terminal, Pay Zone facilities and tobacco gantry to rear.
To the rear of shop:
On-street parking facilities.
The premises are fully alarmed with CCTV covering the premises.
We are advised Freehold.
The business is open:
Monday – Sunday: 6.00am – 9.00pm
The business is owner run and managed with 3 x staff members.
The business generates a turnover in the region of £624,000 per annum, with a gross profit of approximately 20%.
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