Established Since 1978
Profit & Loss Year End 31st March 16
Annual Turnover £425,550 (Audited)
Gross Profit £64,274
Accounts Available Upon Viewing
Self Contained 2 Bedroom Accommodation
Multiple Income Streams
EPC - E
Blacks Brokers are proud to bring to the market this thriving convenience store located in the heart of a large residential area, in Workington. This corner plot is located on the corner of Corporation Road and Queens Street.
P & D Newsagents is a well-established licenced newsagents and convenience store serving the immediate community in the area; the business has been trading for over 40 years. The current owners have had the business since 2006 and, in that time, have built up the trade further. In the time the current owners have been running P & D Newsagents, they have built up an enviable and profitable trading history and the business is only being offered to market due to family commitments of the current owners.
P & D Newsagents is a corner plot location in the heart of a large residential area in Workington. The property has a good presence and is well signed; this image continues upon entry into the large sales area which has been refurbished. The sales area is split by a couple of central shelving units with the counter at the rear. The accommodation has two large store rooms and w/c with basin on the ground floor. The private accommodation above does have its own separate access. Whilst the current owners have opened this up, it can be partitioned again to allow for separate access once more.
The accommodation above is to a high specification and is ready for a family or couple to move into.
The business has a strong trading history and has a large and loyal clientele base. The business has an annual turnover of £425,550 and there is still scope to increase the turnover further by extending the opening hours. The current owners have recently installed a soft scoop ice cream machine and this has further increased the turnover. There are still further opportunities to increase the income stream further.
This is an excellent opportunity to purchase a well established and profitable business. It requires either an experienced operator who wishes to get a strong foothold into the area or a first time buyer who wants to minimise the risk they are taking on. P & D Newsagents is a successful business and a great investment opportunity.
2 Drinks Fridges
2 Central Shelving Units
Soft Ice Cream Machine
Drinks Chiller Display
Air Conditioning Unit
4 CCTV Cameras
Full Alarm System
Monday - Saturday 5:00am - 7:30pm
Sunday - 5:00am - 1:00pm
Is accommodation included?:
Large Sales Area With Central Shelving Units And Counter At The Rear Of The Shop. Ground Floor Has Two Store Rooms And W/C With Basin.
Upstairs Has 2 Double Bedrooms, Family Shower Room With W/C And Basin, Gallery Kitchen And Large Living Room. The Accommodation Comes With A Secure Covered Yard At The Rear, The living accommodation is double glazed.