Hilton Smythe is delighted to welcome to the market this well-established and profitable newsagents business in Grangetown, Middlesbrough. The old established business has been in our client`s careful ownership for the past 18 years. Only now is the business being offered to the market due to our client`s wish for a well-deserved retirement.
The business generates a turnover in the region of £312,000, with a good gross profit. Our client offers newspapers and magazines, tobacco products, greeting cards, confectionery, limited convenience items, pies and sandwiches. The business also offers Pay Point facilities, which has a high turnover.
Devine Newsagents has recently been accepted by the National Lottery to sell Lottery, this should create additional income, as well as already being providers of the Health Lottery.
A newspaper delivery service is already in place at the business, which enhances the turnover. We feel there is scope to increase the turnover by extending the range of convenience items offered, as well as extending the opening hours. The newsagents are very popular within the area and benefits from a very loyal customer base with a lot of repeat trade.
The premises have been fitted to a high standard and well-maintained throughout. We feel this is an excellent opportunity for a new owner, possibly a husband and wife team, to take this thriving business to the next level; therefore early viewing must come highly recommended.
Devine Newsagents occupies ground floor lock-up premises on Clynes Road in Grangetown, Middlesbrough, North Yorkshire. The premises are situated in a prominent trading position within a densely populated residential area. The business benefits from a high volume of footfall and passing trade. Grangetown is situated on the eastern outskirts of Middlesbrough, approximately three miles from the town centre.
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 just over two miles away at South Bank. The area is also well served by the A-road system with the A1053 just a short drive away, which links to the vast A-road and motorway networks. Grangetown is an affluent township and is a desirable place in which to live and work. The area is popular with commuters, due to excellent road and rail links across the region. Stockton-on-Tees is approximately 10½ miles away and Darlington is 20½ miles away.
Ground floor lock-up premises, briefly comprising:
Compact sales and display area.
Display shelving to perimeter walls.
Serve over display counter with electronic cash register and Pay Point facilities.
Refrigeration display unit.
Upright dairy/soft drinks display chiller.
Newspaper/magazine display area.
Greeting card display spinner.
Glass top display freezer.
Rear stockroom with shelving.
WC with wash hand basin
Parking forecourt to front of premises.
We are advised Leasehold:
Rent: £44.23p per week.
The business is open:
Monday – Saturday: 6.00am – 5.30pm
Sunday: 6.00am – 12.30pm
The business is owner run and managed.
The business generates a turnover in the region of £312,000, with a good gross profit.
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