Newsagents for sale in Axminster

View the "Ideally Positioned Off- Licence/ High Street Newsagents and Gifts Business For Sale In Axminster, Devon" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Ideally Positioned Off- Licence/ High Street Newsagents and Gifts Business For Sale In Axminster, Devon

Axminster, Devon, England

  • Leasehold Price: £104,950
  • Annual Turnover: £156,000
  • Annual Net Profit: £46,800
Seller Reference: BB5086
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: BB5086
Request Details
Business Description
Business Sale Overview:

For sale is a wonderful and ideally positioned Newsagents and gift shop business. The business is located in Axminster, Devon and has been owned by the current seller for the last 5 years. The business is well known in the heart of this popular town and is a reluctant sale due to retirement.

Business Sale Description:

This wonderful 3 storey off license/ newsagents and gift shop business is located on a busy high street in Axminster and the business is located in an old Baclays bank building and comes complete with the x2 bank safes still in tack.

The middle floor is not currently utilised but there is plenty of space for the new owners to expand. Use for storage or sub let out the space to generate income.

Top floor is more like an attic space so would be ideal for storage.

Out hours of opening are:

Monday to Friday

6am to 3.30pm

Saturday

6am to 1.30

Sunday

7 am to 10 am

The business has built up a fantastic reputation and loyal customer base during the period the current owner has run the business. This really is a great opportunity for any buyer looking for an existing, successful business to walk into. It has so much growth potential and if the new owner was to add the sale of cigarettes, lottery/scratch-cards and the possibility of a cash machine, then the increase of revenue is untold. Easily has the ability to be a convenience store if new owner wanted this to be.

The business is fully fitted and comes with cctv. The business is surrounded by plenty of parking due to the location of the business being in the heart of surrounding businesses.

It is the only newsagent in the area so has a very loyal customer base, the business would also benefit from additional opening hours. This is a business that could very much become a cost cutters or even a one stop if the new owner wished to do so.

There are currently x3 paper round deliveries and this generates around £1,600 per week.

The lease has until 2028 to run and there is a rent review in 2021.

Ideally positioned business that is in a high foot-fall town centre location. The business is surrounded by many other businesses.

The business is ideally suited to a hands-on owner-operator but due to our client wishing to sell, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

KEY FEATURES:

Spacious and well equipped premises

All equipment included

Ideal trading position

Potential growth opportunity

Reluctant sale

Possible hours extension

Upper floor subletting possible

3k-5k per week sales

The business is ideally suited to a hands-on owner-operator but due to our client wishing to sell, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

This is a rare opportunity to own an already profitable business that has only been in operation for a short time. Poised for huge growth, and for the right buyer, the potential to take the business to the next level is very much there.

The current lease for this business has until 2028 to run and there is a rent review in 2021 and the vendor has informed us that they believe the landlord is open to a renewal at the end of the current lease term.

TENURE: Leasehold

RENT: £12,000+VAT

RATES: EXEMPT

STAFF: JUST VENDORS AND SON

ANNUAL TURNOVER: £156,0000- £260,000

NET PROFIT: 30%

The vendor is looking for a quick sale due to retirement, but this could really be a thriving business that is on the market at a realistic price. The perfect opportunity for first-time buyers or those looking for an affordable but well-established business.

One major factor to this business is that the opening hours can be extended.

Sensibly priced business opportunity & early viewing strongly advised.

Current owner will be more than happy to provide a transitional period should the new owner wish to have this.

Business Location Overview:

This business is located in the heart of Axminster High Street, it is surrounded by many other businesses and is a high footfall area.
Tenure:
Leasehold
Location Details:
This business is located in the heart of Axminster High Street, it is surrounded by many other businesses and is a high footfall area.
Leasehold Term:
7 YEARS LEFT
Listed by:
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