Newsagents for sale in Ilfracombe

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Ilfracombe, Devon, England

  • Freehold Price: £300,000  Price Reduced arrow_drop_down
  • Annual Turnover: £988,000
Seller Reference: KBT26719
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Business Description
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Seller Reference: KBT26719
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Business Description
• Impressive newsagents in Devon
• Weekly sales approx £12,000 Lottery £2000 & Paypoint £2000
• Extensive ground floor retail premises
• Sub Post Office Approved

Ref 26719 Impressive established newsagents in popular North Devon coastal resort, taking a profitable £12,000 a week + commissions. 3 properties, one of which is held on a lease with reasonable rent. 6 bed accommodation. Freehold

Devon, famed for its extensive and glorious countryside and coastline, is a highly sought after area of the country. Positioned in a strong trading location with busy tourist traffic and a large surrounding population is the thriving town of Ilfracombe. This business offers a great lifestyle location with excellent road links into the rest of the South West.

Jeffrey’s is a well established traditional newsagency selling a wide range of news and related products including confectionery, gift cards, DVD’s and stationery, as well as offering lottery, paypoint and other services. With a current weekly turnover of £12,000 excluding vat, plus commissions this most profitable business would be an ideal family ran investment. There is scope for further growth through extending opening hours or increasing product lines, and to increase delivery rounds if desired.

There is plenty of accommodation included in this sale. The current owner at present only utilise a two bed accommodation, but there is plenty of scope to increase this living space (subject to appropriate planning permission) by combining this area with the adjoining first and second floor rooms, currently used for storage. A viewing is highly recommended to appreciate the possibilities this business has to offer.

Summary. This is a lot of business and profit combined with flexible and extensive properties. This is perfect for a new owner looking for an investment and income close to the Devonshire coast.
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