Business
Please quote reference B07314

CoGoGo are delighted to welcome to the market Mitchell’s Newsagents, a highly rated newsagents in the village of Kelty, Fife.

Mitchell’s Newsagents has been under our clients ownership for over 15 years, building up an excellent reputation and regular customer base in the area. 

The business has now come to the open market due to our clients desire to pursue other business interests. 

The business offers a wide range of goods from newspapers and specialist magazines, confectionary goods, cigarettes, National Health Lottery, Payzone, Newspaper delivery service, Christmas toy catalogue, fancy goods & gifts and further benefits from having a dedicated gift card area within the well-stocked premises.

There is still plenty of scope to further increase turnover with the revision of opening hours, low cost local marketing via social media and also expanding the retail lines currently stocked within the store.

We feel this is an outstanding opportunity for a new owner to take this popular local business to the next level. 

Location
Mitchells Newsagents is located on Main Street in the village of Kelty, Fife and receives high levels of footfall and passing trade.

It’s a short distance from the main M90 motorway link giving access to the rest of central Scotland. 

The business further benefits from being located within a well-established residential area leading to a high level of passing trade.

Premises
Occupies a double fronted retail unit. 

Entered from ground level via a double glazed UPVC door into a bright and well-presented front shop area and briefly comprising – 

• Main shop area with serving counter & till area
• Cigarette gantry
• Centre confectionary display stand
• Various perimeter racking and shelving
• Well stocked gift card area,
• Rear office with good general storage area
• W/C

Tenure
We are advised that the business is being sold on a Freehold basis. 

Hours
The current trading hours are – 

Monday – 05:00 – 17:00
Tuesday – 05:00 – 17:00
Wednesday – 05:00 – 13:30
Thursday – 05:00 – 17:00
Friday – 05:00 – 17:00
Saturday – 05:00 – 13:30
Sunday – 06:00 – 11:30

Staff
We are advised that the business is run and managed by our client. 

Financial Profile
We are advised as per the 2022-2023 accounts, the business generated a turnover in the region of £510,000. Further financials can be made available upon request.