Situated in the residential area of South Shields
Spacious 2 bedroom owners' accommodation
Early viewing is essential to fully appreciate
High amount of regular & repeat trade
Advised annual turnover of £312,000
Ideal partnership opportunity
Leasehold option available
Genuine reason for sale
Meridian Business Sales are delighted to offer to the market this ideal newsagent which has been established since 1965 and in the careful hands of our client since 1999. Our client is reluctantly offering the business to the market due to a desire to take a well deserved retirement.
Since our client took ownership of the business he has invested time and money into the business and premises to the point where it is in full walk in condition. Our client has continually developed and improved the business, introducing new lines and income streams which has enhanced the business massively.
Our client informs us that annual turnover currently runs at £312,000 which is derived from the sale of a wide range of convenience goods, newspapers/ magazines, gifts cards, stationary, alcohol, cigarettes and many more.
Due to the excellent location of the business, it enjoys a large daily passing trade and high footfall alongside having a high level of regular and repeat trade. There is massive scope for a new hands on owner to develop the business further as the premises can be extended to a minimum of 1,000sqft.
This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.
Well maintained detached property briefly comprising: GROUND FLOOR Secure shuttered entrance leading to: Shop floor Serving counter EPOS system PDQ machine Drinks fridges Chest freezers Various shelving stocked with sweets, alcohol, stationary etc. Tobacco gantry Newspapers/ magazine stand REAR Yard with parking Toilet Stairs leading to the first floor FIRST FLOOR Large 2 bedroom owners' accommodation 1 x lounge 1 x large living room/ dining area 1 x large kitchen 1 x office 1 x snug 1 x utility room 1 x family bathroom 2 x bedrooms - one en-suite The owners' accommodation used to be two, two bedroom flats and can easily be converted back into those if desired. The premises are also air-conditioned providing an ambient environment all year round. There is also a conservatory on the side of the premises, with a side entrance leading to the stairs.
This fantastic newsagent is located on a main through road in South Shields, Tyne and Wear. The business enjoys the superb area surrounded by a wealth of residential properties, complementary businesses, and travel and parking facilities, these are all beneficial as they generate much of the businesses trade. South Shields is a coastal town at the mouth of the River Tyne, about 4.84 miles (7.79 km) downstream from Newcastle upon Tyne. Tyne and Wear and the inside towns and suburbs are easily reached through the A167.
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