EM&F are delighted to be offering for sale this well-established Newsagent/Convenience Store located in this affluent town of Thrapston. The business has been in the family for the last 60 years and is also being sold with the Freehold interest of a double fronted 3 Storey property which has huge potential for further development (STPP).
The business is established and located in the popular High Street and benefits from good passing trade. Income is also derived from many sources and all provide the additional benefit of being able to cross sell the other parts of the business making the average spend from a typical customer greater than would normally be expected.
With the Freehold and the potential to develop the business and premises, we do not envisage this business to be for sale for a long period and would encourage all interested parties to contact us as soon as possible.
THE BUSINESS ITSELFThe Business has been in the family for the last 60 years. It offers a range of general goods including greeting cards and clothing as well as attracting footfall through having a Lottery Terminal and selling Cigarettes and Tobacco. It also acts as agents Dry Cleaning, Shoe Repair and DPD delivery. Another source of income is the rental of some shop floor and window space. The business in currently open 6 days a week up until 5.00pm daily. It would suggest that this part could be capitalised by being open later in the evening as well as Sundays. The business enjoys a healthy turnover of £332000 as well as having the possibility of converting some of the premises into residential or further commercial accommodation (STPP).
This Is an excellent opportunity with someone who wants to look at the business with a fresh pair of eyes and stamp their own personality and develop it different ways, through opening hours, different offerings and development.
ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
Set in this popular High Street Location with a variety of independent business this double fronted property is set over 3 floors and briefly comprises of a Good size retail are split over two levels with good window frontage. It offers a sales counter with till and lottery terminal and cigarette storage stand. There is also a selection of shelving housing a selection of sweets, ice cream cabinet and drinks fridge. Magazine racks and central newspaper stand. Step up to further retail area, with a range of shelving and rails currently displaying shoes and clothing and a further card rack and storage under. There is a store room which has a range of shelving and racking with stairs rising to first floor, and door to rear storage and door to rear garden area.
First floor there is a variety of good size store rooms with natural light which could be modified into living area. There is also a Kitchen and separate bathroom.
SECOND FLOOR:Two good size loft rooms which are currently undeveloped but could be made habitable subject to planning and building regulations.
4:30am to 5:00pm Monday to Saturday.