Convenience Stores for sale in Somerset

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £70,000 Price Reduced Annual Turnover: £343,304
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Business Description
• Lockup newsagents and convenience store with low rental
• Turnover £6,602 per week plus lottery and paypoint, EBITDA £38,973
• Located on the high street in the centre of the town withexcellent support from the locals
• Excellent scope and potential to expand or diversify

Centrally located within South Petherton, a profitable and thriving newsagents and convenience store. Turnover for 2013 is £6,602pw with an adjusted annual profit of £38,973 plus health lottery and paypoint with excellent scope to increase. Highly profitable rural opportunity. Leasehold Ref 43686

An excellent opportunity to purchase a highly profitable and thriving lock up business within the rural town of South Petherton. The vendors have owned N&D News for 13 years and the premises has been a newsagents for over 25 years.

N&D News is the classic village newsagents and is a true hub of the town. Selling a large range of newspapers and magazines, a small convenience foods section, cards and stationary, confectionary and drinks along with other diverse products such as small toys, ladies handbags and purses, ice creams and also offers a dry cleaning service via a third party.

With a total of 7 daily news rounds and the constant requests for outside the area deliveries there remains a huge scope to increase this business.

Due to operational hours a full lottery service is not currently available, however again, scope remains for the new owners to extend the hours to provide this.

Currently the business turns over in the order of some £343k and this is growing annually, with current adjusted profitability in excess of £38k per annum, the business offers an excellent opportunity to live in a delightful rural setting but still within easy reach of major cities such as Yeovil, and is accessed by the main A303.

The business is a lock up shop offering excellent scope to develop further, to diversify and extend the hours and is available with a new lease and low rental. This represents an excellent opportunity to purchase this thriving business.

Summary. An excellent opportunity for the first time business owner, or seasoned business person, to acquire a highly profitable business like N&D News, with the potential to support a lifestyle in a beautiful area of the country. Viewing is highly recommended to appreciate the area and lifestyle opportunity offered.
Tenure: Leasehold

Listed by: Kings Business Transfer
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