Newsagents for sale in Worksop

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Y. MacGregor (Nov 2017)
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Leasehold Price: £49,950 Price Reduced Turnover: £227,454 Gross Profit: £34,874
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Business Description
Hilton Smythe welcomes to the market MD Newstyme in Worksop.

The business has been under the careful ownership of the current vendor for over 12 years and due to semi-retirement, this exciting town centre business opportunity has become available.
The shop benefits from huge passing trade and footfall along the busy Bridge Street, the business sells a large range of:
• Newspapers
• Magazines
• Birthday & gift cards
• Large range of confectionary
• Crisps
• Soft drinks
• Ice cream
• Essential convenience items
• Tobacco products

The business offers a rare and exciting opportunity for a new operator to take this busy and profitable site to the next level, by increasing the range of products available along with extending the opening hours.

The business benefits from a regular and loyal customer base with the average lottery spend at £5,000 per week as well as offering pay zone services to customers.

This is a well-established turn key business opportunity that is not to be missed.

The business is situated along the bustling Bridge street in Worksop South Yorkshire.

The site is set in the middle of the town just south of Newcastle Avenue and is easily accessible by all modes of transport with ample pay and display parking surrounding the site as well as being just off the main bus route into the town.

Ground floor premises located amongst a row of other businesses.

The premises compromises,

• Main service counter and display
• Separate store room
• Kitchenette
• Office and WC to the rear
• Further storage capacity in the cellar
• All display counters shelving
• Racking and storage units
• Refrigeration units
• Freezers
• Soft drinks & food chillers

We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £850.00 per month.

There is 7 years left on the lease as of 2018, however, we are advised a new lease can be agreed at the time of a sale.

The opening hours are currently

Monday to Saturday 7.00 am to 5.00 pm

Sunday Closed

The business is run and managed by the current vendor with 1 x part time assistant.

Financial Profile
We are advised the business is currently turning over in the region of £228,000 per annum.

The rateable value of the premises is £9,200.

There are currently no rates payable on the business.

A good cash business opportunity.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

Would you like a free no-obligation discusson with a qualified finance provider who could help you to buy this business?
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