Newsagents for sale in Malvern

View the "EKS Newsagents Malvern Worcestershire WR14 1RR." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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David Binder (Nov 2017)
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Freehold Price: £399,999 Turnover: £221,328 Gross Profit: £52,687
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Business Description
Business
Hilton Smythe welcomes to the market EKS Newsagents.

There has been a Newsagents at this site since the 1920’s and the current owner has run it successfully and lucratively for the last 13 years or so. The business is now being sold, albeit reluctantly and with a heavy heart so that the owner can enjoy a well-earned retirement.

EKS Newsagents as the name suggests sell Newspapers and Magazines, as well as;
• Tobacco products
• Confectionery
• Crisps and snacks
• Soft drinks
• Toys and puzzles
• Greeting cards
• Ice creams
• Slush
• Fresh Sandwiches
• Helium balloons
• Key cutting.

Additionally, the business has a Paypoint terminal and is a Lotto agent (approx. £600 per week). The news bill is a particularly healthy £1700 per week and the business has seven morning rounds.

EKS Newsagents has a considerable number of regular customers who use the business daily and many of whom are known on a first name basis by the current owner and his wife who are popular and well-respected members of the local community.

Scope to improve
1. Advertising and marketing campaign, perhaps a leaflet drop locally
2. Maximise the use of social media
3. Website to extol services provided
4. Introduce alcohol sales, this could potentially double the turnover and there is local demand
5. Extend the opening hours
6. Consider stocking pet foods and flowers and plants, lots of older residents locally who would find this of benefit.
7. Increase the rent charged on the attached living accommodation.

Hilton Smythe highly advise early viewing to avoid disappointment. This business is likely to attract considerable interest.

Location
EKS Newsagents is Located in Malvern in Worcestershire

Malvern is a spa town and civil parish in Worcestershire. It lies at the foot of the Malvern Hills, a designated area of Outstanding Natural Beauty. The centre of Malvern, Great Malvern is a historic conservation area which grew dramatically in Victorian times due to the natural mineral water springs in the vicinity, including Malvern Water. At the 2011 census it had a population of 29,626. Many of the major suburbs and settlements that comprise the town are separated by large tracts of open common land and fields and together with smaller civil parishes adjoining the towns boundaries and the hills, the built-up area is often referred to collectively as The Malvern’s.

Major road access to the area is provided by the A449 road that runs through the centre of Malvern, connecting it to Worcester and Ledbury. The M5 motorway is accessible at junctions 7 and 8 to the east of Malvern. The M50 motorway also known as the Ross Spur to the south is accessed at Junction 1 on the A38 road between Tewkesbury and Malvern.

Two railway stations approximately one mile apart at Great Malvern and Malvern Link provide direct services to Worcester, Hereford, Birmingham, Oxford, Cheltenham, Gloucester, South West England and London Paddington.

Malvern bus services include several local routes connecting the main residential and commercial areas and out of town shopping malls. Other routes serve the surrounding towns and villages while long distance direct bus services connect Malvern with other cities in the country. Operators include Astons Coaches, Diamond Bus, DRM Coaches and First Midland Red.

EKS Newsagents is situated in a prominent, standalone position in an area of densely populated residential housing where the housing is mostly privately owned. The area is considered salubrious with houses prices higher than average. The business is in a main road position and as such benefits from high levels of footfall and passing trade. The business is nicely presented with clear visible signage and there is free on street parking immediately outside.

Premises
EKS Newsagents occupies a detached, Victorian former villa which is presented to a high standard and includes generous living accommodation or immediate rental income. It is in a desirable street and is a most attractive property comprising;

Shop
Windows and glazed door to front creating a light airy interior, suspended ceiling with fluorescent lighting, tiled floor, perimeter shelving, magazine racking, Perspex newspaper stand, greeting card racking with drawers beneath, double glass fronted drinks chiller, confectionery shelving, glass topped ice cream freezer, hanging space for bagged goods, bespoke counter with till, Card Machine, Lotto terminal, Paypoint terminal and wrapping area, cigarette gantry and key blank stand behind, scratch card dispenser, twin slush machine, SKS Cyclone key cutting machine. Under stairs storage area.

Cellar
Dry with power and light and floor storage space.

Living accommodation

Hallway
Door to front, stairs to first floor, useful walk-in under stairs cupboard, radiator and door to left leading to;

Lounge
Generous Room with high ceilings that enhance the feeling of space, bay window to front, radiator, TV point, ceiling coving, feature gas fire.

Kitchen
Good sized dining kitchen with ample room for table and chairs, double glazed window to rear, range of base and wall units with complimentary worktop, 4 burner has hob, oven, 1 ½ bowl sink with Monobloc tap, tiled splashbacks, fluorescent lighting, radiator.

Rear Porch
Tiled floor with door onto kitchen and door into rear garden, ideal space to kick off boots and hang coats etc.

First Floor

Landing
L-shaped galleries landing with window to front and doors leading off to bedrooms

Bedroom 1
Generously proportioned double with high ceiling, window to front, radiator and feature fire place.

Bedroom 2
Another generously proportioned double with window to front, coving, spot lighting and feature fireplace

Bedroom 3
A single or box room but would be ideal as a home office, window to rear and wall mounted Glow Worm boiler

Family Bathroom
With three-piece suite in blue, bath with Triton shower over, full tiled walls with inset feature shelving, airing cupboard and window to rear.

Externally
To the rear is a secure rear garden enclosed by fencing and with a patio area, raised lawn and established herbaceous borders. To the front is a block paved parking area.

Tenure
We are advised that the business is being sold as a Freehold business opportunity.

We are further advised that the business benefits from being exempt from business rates and none were payable at the time of instruction.

Hours
Monday to Friday 6.30am – 5pm
Saturday 7am – 5pm
Sunday 7.30am – 12pm

Staff
The business is run and managed by our client and his wife with the help of two part time members of staff.

Financial Profile
EKS Newsagents generated an advised turnover of circa £221,000 as of the 2016 accounts with a gross profit of approximately 24% and an adjusted net profit of roughly £30,000.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04171
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