Hilton Smythe welcomes to the market an exciting opportunity to acquire an exceptionally well run and performing, “turn key” newsagents business with an excellent reputation.
The business has only now been placed on the open market as it’s our clients desire to focus on his other business commitments.
Thistle News has been operating under the careful and meticulous ownership of our client since 2015 and who has grown the business year on year to an impressive level with turnover and profit at consistent levels.
The business offers a wide range of goods from:
• Newspapers & specialist magazines
• Confectionery goods
• Fresh & filled rolls
• National lottery
• Pay point
• Parcel collection point
• Fancy goods & gifts
The shop further benefits from having a dedicated gift card area within the well-stocked premises. The business further reports a turnover in the region of £668,000 including lottery sales.
All this has led to an enviable reputation with many loyal repeat customers within the local area.
There is scope to increase turnover with additional opening hours of the business and expanding some of the retail lines currently stocked along with the possible undertaking of a robust localised marketing campaign to highlight the products & services available.
The business trades on its reputation for service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointmentLocation
The business is located on the busy & thriving Holburn Street in the city of Aberdeen.
Thistle News occupies a highly visible trading position set amongst other complementary independent businesses within a densely populated residential area, resulting in a high volume of footfall and passing trade.
The area is well serviced by the public transport system with several bus stops within easy walking distance of the business
Aberdeen is a port city and the UK’s oil capital and is found in the northeast of Scotland, where the Dee and Don rivers meet the North Sea.
With an offshore petroleum industry, the city is home to an international population. It's also known as the ‘Granite City’ for its many enduring grey-stone buildings.
The 19th-century Marischal College is typical – a monumental Victorian landmark that’s now headquarters of the City Council.
The city benefits from excellent travel links to all parts of the UK & further afield due to rail links and the international airport situated in Dyce on the outskirts of the cityPremises
The business occupies a well-presented retail premises extending to 47.90 m2 and benefits from premium branding to the exterior.
The main store is fitted to a modern standard and is bright, clean and benefits from large centre display units running almost the full length of the shop, to compliment the perimeter shelving & racking display units, and a good selection of fully fitted refrigeration units.
There is well laid out service counter with cigarette gantry, electronic till payment area and lottery terminal
To the rear of the premises there is a staff rest room area / store area.
The premises also benefits from CCTV, security door and alarm system
The business is well signed and easily visible.Tenure
We are advised that tenure is offered on a Leasehold basis
10 Year Lease with 4 years remaining
Rent: £2125 per quarterHours
Monday to Friday: 6.00 am – 10.00 pm
Saturday: 7.00 am – 10.00 pm
Sunday: 9.00 am – 10.00 pmStaff
The business is currently run by the owner along with 2 part time staff.Financial Profile
The business has reported a turnover in the region of £668,000 PA