Hilton Smythe welcomes to the market News Centre, a newsagent with a high footfall, that has been owned by our client, who is now looking to retire, since 1983.
News Centre is a traditional newsagent selling:
A range of groceries
A small range of toys and more
The store also has a post box within in the premises to bring in extra footfall and also deals with Payzone.
The business could be enhanced by the introduction of a web site and a social media page.
Hilton Smythe highly advise early viewing to avoid disappointment.Location
News Centre is located in within a small shopping precinct within a highly populated residential area of St. Ives, Cambridgeshire, next to a Co-Op store, with plenty of free parking.Premises
This large double fronted shop is entered via a pedestrianised area and into the main open plan shop with:-
Stands for magazines, newspapers etc
2 drinks fridges
2 card stands
4 tier double sided food stand
7 tier confectionery stand
Counter area with:-
Tobacco area behind
The premises has CCTV
The layout could be enhanced as there is room for more shelving, stands etc for further stock.Tenure
We are advised the business is being sold as a leasehold business opportunity, with a 15 year lease from 2005 and an annual rent of £12,000.Hours
The business opening hours:
Monday - Saturday: 7am – 7pm
Sunday: 7am – 3pmStaff
The business is run and managed by our client, with the help of 4 x part time & 1 x full time members of staff.Financial Profile
News Centre generated an advised turnover of circa £300,000 as of the 2018 accounts.