Newsagents for sale in Nelson

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S Martin (Feb 2013)
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Freehold Price: £125,000 Turnover: £114,000 Gross Profit: £25,000
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Business Description
Hilton Smythe is delighted to welcome to the market Dave’s Newsagents.

There has been an established newsagents for over 100 years on the site, with our clients successfully running Dave’s Newsagents since inception in 2000.  Our clients have reluctantly decided to sell due to them wishing to take a well-deserved retirement. The business is currently generating a turnover of £114,000 per annum with a gross profit of circa 22%.

The business is well known in the area seeing a high amount of repeat trade from local residents, schools and businesses and benefits from good passing trade due to the businesses location.  The business affords regular weekly income from 6 paper rounds in the area, with a large volume of magazines and newspapers also available in store.   The shop also sells a selection of greeting cards, wrapping paper and stationary, sweets, chocolates, crisps, groceries, toiletries, ice creams, ice lollies and drinks as well as having a tobacco kiosk.

Although this is a good and healthy turnover we feel there is scope to improve by a small refurbishment being made to the shop or perhaps introducing more stock and product lines to the store and this will give the customers more choice and will attract new trade.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Dave’s Newsagents is located in the town of Brierfield near Nelson in Lancashire.

The newsagents is situated in a prominent corner trading positon on the arterial A682.  A main thoroughfare in the town and a busy commuter route to nearby Burnley providing high levels of passing traffic.  The business is situated within a densely populated area from which the business derives much trade and is within walking distance of the local train station and the nearest bus stop is facing the business bringing excellent footfall to the area.

The area is served by several A roads and the M65 provides easy access to the motorway network.

The business premise is a double fronted single story terrace property fitted with double glazed windows.

Inside the shop there is shelving to all walls within the shop.  To the middle of the shop is the centre isle where the stationary, greeting cards and wrapping paper are found.

To the side of the store, running along whole of the ground floor area is a large newspaper and magazine rack to which the vendor holds a large amount of stock. There is a small area within the shop for a range of groceries.  Serving counter with till and underneath shelving for chocolates sweets and crisps.  To the rear of the counter is the cigarette kiosk.

There is a door to the left that leads to the shops storage area with toilet facilities and hand wash sink.   There is an area to make tea and coffee too.

There are two large rooms in the basement which are not currently being used but could be used by the future owner for storage.

The premise is secured with CCTV, an alarm system and roller shutters.  The business is very well signed and also has billboards outside the business on the main road which displays what headlines are in the local paper that day.

Equipment included in the sale:

2x Freestanding Freezers
Large upright soft drinks freezer
Tobacco Kiosk

We are advised that the business is Freehold

Monday – Friday: 5:00am – 5:30pm

Saturday – Sunday: 5:00am – 12:00pm

The business is currently run by 2 full time staff.

The business reports an annual turnover of £114,000 per annum and has a gross profit of 22%

Tenure: Freehold

Listed by: Hilton Smythe
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