Newsagents for sale in Taunton

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Newsagents - Taunton

Taunton, Somerset, England

  • Leasehold Price: £59,000  Price Reduced arrow_drop_down
  • Annual Turnover: £638,948
Seller Reference: KBT47436
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Business Description
 
 
 
 
 
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Seller Reference: KBT47436
Request Details
Business Description
• Extendable newsagents, Centre of housing estate Lock up Leasehold
• Turnover 638,948 Weekly 12,287 EBITDA 73,321, excellent and genuine potential to extend the shop and increase income
• Zero Rates new lease available 5700 pa rental
• All vehicles included, scope to expand 54 Newsround’s

Profitable Leasehold Newsagents in prime location on a new large housing estate, in Taunton boasting 54 news rounds. Turnover for year end 2018 of £638,948 EBITDA £73,321, scope to extend shop plus lottery sales. Lock up shop. New lease available on favourable terms.

An ideal opportunity to acquire M J Rawlings Newsagents, located within the centre of Taunton Located upon a busy shopping precinct in the middle of a large housing estate. The store is ideally located to supply the local area and has a large and growing customer base.

The store is next to the free precinct car park with parking for over 50 vehicles, making it ideal for traffic passing by to stop. The store consists of an end parade large property.

The ground floor hosts the store which currently has aprox 800 sq ft of floorspace which could easily be extended utilising the office and store to supply nearly 1000 sq ft or floorspace. The store is bright and simply laid out with an additional store rooms/office to the rear in current layout.

The business supplies locals and passers by with all aspects of general goods including, lottery, cigarettes, sweets and confectionary, newspapers and magazines, with 54 news rounds and cards and stationary. The store is currently run by the vendor and has 4 x pt staff in the shop and 8 drivers for the newsrounds. the Newsround’s, currently 54 are under demand and can be doubled for an ambitious buyer. The sale will include 7 owned vehicles and 1 contract hire vehicle all being modern and in good condition. The business has been in the hands of the current vendor for over 38 years, being established for over 50 and is now only being offered due to retirement. The store currently has a turnover of some £638 000 (weekly £12,287) and has true potential to grow as the vendor currently limits the opening hours. This offers, along with the potential to increase the turnover as required.
The property is a local authority leasehold lock up and available with a new lease. Rental terms are favourable.

With excellent scope to increase turnover and profitability the business offers true scope to someone wanting to relocate and have a lifestyle business, with the potential to increase both turnover and profitability. Also ide

Summary. M J Rawlings Newsagents is a delightful family run business that is ideally located and supported by the communities within the vicinity. Offering a lifestyle change to new owners while still offering scope to the seasoned operators with potential for additional income with new product ranges and more news rounds.. Viewing is essential to fully appreciate the quality of the store.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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