BusinessHilton Smythe welcomes to the market an exciting opportunity to acquire (on a Freehold basis) an exceptionally well run and performing, “turn key” traditional newsagents, stationers and gift business with an excellent reputation associated with a strong and consistent brand located in the heart of the historic town of Jedburgh.
The business has only now come to the open market as it is our clients desire to take a well-earned retirement after successfully running the shop for many years.
The business has been in this location for over 80 years, being under the careful and meticulous ownership of our client since 2008 and who has grown the business year on year to an impressive level with turnover and profit levels growing steadily. The business offers a friendly, personal service selling newspapers and magazines with a delivery round of 200 doors locally, confectionary, soft drinks and tobacco related products, take away hot drinks, stationary and extensive gift card range, toys and gifts, national lottery, along with the shop being a dedicated pick up and parcel drop off point.The premises are in fantastic general condition having undergone an extensive programme of refurbishment over the last few years and can be found in true “turn key” condition.We feel there is still plenty of scope to further increase turnover with the revision of opening hours, along with undertaking a modest marketing campaign via local press, social media and perhaps local radio. In addition to expanding the retail lines currently stocked and perhaps the introduction of a dedicated website to increase the profile of the business.
Reasons to buy: -
Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.
- Genuine retirement sale,
- Trading with same owner since 2008,
- Ideal High Street trading location,
- Massive potential for growth,
- Refurbished premises,
- Turn key business opportunity.
LocationThe business is located in the historical town of Jedburgh, in a prime trading location set on the High Street, resulting in a fantastic amount of passing trade with many repeat and loyal customers.
Jedburgh itself is steeped in history with its famous Abbey, Queen Mary's House, Jedburgh Castle Jail, now a museum, and the Jedburgh Library and caters for everyday needs with a good range of local amenities including shops, banks and schooling.
Many surrounding towns are readily accessible, as are both Newcastle and Edinburgh via the A68, making it popular with commuters, with the railway station at Tweedbank, which can be reached in around a twentyminute drive, offering travel to the rest of the UKPremisesThe business occupies a substantial traditional terraced, double fronted retail premises extending to 72.90 square meters and benefits from being presented in excellent condition, with prominent signage to the exterior.The shop consists of 3 main retail areas:-On entrance there is a large, modern, service counter with electronic till points, lottery dispenser, concealed cigarette storage, display shelving and possible provision for a Post Office counter, along with news display stand, shelving 1 x refrigerated drinks cabinet, 1 x fridge and coffee machine.Area two is set up as the gift card display area, with a good selection of stock on display in perimeter shelving, with area 3 to the rear of the premises that contains the gift items along with a good selection of toys on display & further access to a contained storage area.The shop further benefits from having a cellar area with separate access to the side of the shop, the cellar area itself has some interesting history to go along with the useful storage.The business has excellent signage & is highly visible.Tenure
This is a Freehold opportunityHours
To be advisedStaff1 Full time staff member, 2 part time staff members and 8 news delivery personsFinancial Profile
Accounts will be made available post viewing.