Newsagents for sale in Settle

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 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £69,950 Price Reduced Turnover: £390,000 Gross Profit: £103,350
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very busy newsagents business in the popular market town of Settle, North Yorkshire. The business was established over 100 years ago and has been in our clients` careful ownership since 2010. Only now is the business being offered to the market due to our clients` family commitments. The business is open 7 days per week and generates a turnover in the region of £390,000 including VAT, with a gross profit of approximately 27%.

Our clients` offer a wide variety of goods for sale including a good selection of newspapers and magazines, an extensive selection of greeting cards, confectionery, stationery, books, ice-cream, soft drinks, gifts, toys, Lotto scratch cards and some household items. The newsagents also offers newspaper rounds with 16 rounds per week, delivering over 300 newspapers per day. The business has now had a Lottery terminal installed, which will increase the turnover.

The business has an excellent reputation within the town for the excellent quality of services and goods available, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals.  The business benefits from a monopoly trading position being the only newsagents in the area.

We feel the turnover could be increased by extending the opening hours and extending the range of goods available, perhaps by applying for an alcohol licence. A new owner could also install a lottery terminal. We are advised that staff costs could be reduced by new hands on owners, as our clients` family ties prevent this at the moment. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Lamberts News occupies substantial ground floor premises in the picturesque market town of Settle, North Yorkshire. The business is situated with a parade of complimentary shops and business and benefits from a vast amount of footfall and passing trade. The area is surrounded by highly populated residential areas, from which the business derives much of its trade.

Settle is very popular with tourists, with many visiting the town and the beautiful North Yorkshire countryside. Settle is located in Ribblesdale, at the southern edge of the Yorkshire Dales, within a few miles of the Three Peaks. Immediately overlooking the town is Castlebergh, a 300 feet limestone crag and to the east is Malham.

The area is well-served by the public transport system, with several bus stops within easy walking distance of the property. Settle Railway Station is just five minutes` walk away. The area is also well-served by the A-roads, with the A65 within easy driving distance, which links to the vast A-road and motorway networks. Skipton is approximately 14½ miles away and Kirkby Lonsdale is 17 miles away.

PREMISES
Very attractive, stone built, double fronted, ground floor premises, briefly comprising:

Main sales and display area with:

2 x picture display windows.

Newspaper display unit.

Magazine display.

Racking and shelving to suit trade.

Confectionery display unit.

Coffee machine.

Double soft drinks refrigerator.

Ice cream freezer.

Display units.

Double serve over counter with electronic cash register, Lottery terminal and cigarette gantry behind.

Stock room to rear with racking and shelving to suit trade.

Further store room with kitchenette

WC.

External with:

Good signage.

On-street parking.

Several car parks within the vicinity.

TENURE
We are advised Leasehold:

Original lease length: 20 years

Remaining lease length: 10 years

Rent: £1,002 per calendar month.

HOURS
The business is open:

Monday – Friday: 5.15am – 5.30pm

Saturday: 5.15am – 5.00pm

Sunday: 5.15am – 3.00pm

STAFF
The business is owner run and managed with 4 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £390,000 including VAT, with a gross profit of approximately 27%.



Tenure: Leasehold

Listed by: Hilton Smythe
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