Newsagents for sale in Accrington

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £164,995 Price Reduced Annual Turnover: £200,000 Gross Profit: £50,000 Annual Net Profit: £40,000
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Business Description
Annual Turnover £200,000
Gross Profit £50,000
22% Of Turnover is Newspaper Sales
2 Bedroom Accommodation
Free Parking Outside
Scope To Introduce Lotto & Payzone
Potential for Off Licence
EPC - D
REF 6271 – Freehold Newsagents & Accommodation

Blacks Brokers are pleased to bring to the market this freehold newsagents with accommodation located in a busy and densely populated area of Clayton Le Moors, Accrington.

INTRODUCTION

This spacious two-storey mid-terraced property has the business on the ground floor and accommodation on the first floor. Jasat News has been trading here for many years, with our client in ownership since 2004. The business has firmly established itself within the local community, gaining a large base of repeat customers which includes a strong newspaper round of 200 houses.

LOCATION

Whalley Road is a busy main road close to the M65 with Accrington Stanley Football Club and Clayton Business Park are nearby. The area has a good mix of both commercial and residential properties and this business is positioned within a busy parade of shops and other businesses. There are plans in place for a new residential development in the local area. Public transport links are excellent and there is free, roadside parking available directly outside the shop.

REASON FOR SALE

Due to our client’s family commitments the business is reluctantly offered for sale which presents the opportunity for new owner operators to benefit from the lucrative newspaper deliveries and counter sales,

BUILDING LAYOUT AND DESIGN

Jasat News operates from the ground floor or 121 Whalley Road. The business has bold “Sun Newspaper” branding in place with matching red canopy which is displayed above a fully glazed frontage. Inside, the main shop is well presented with fitted wall shelving, display fridges, customer servery with Samsung till and newspaper stands in place. To the rear is a kitchen and utility area and the lower-ground floor is currently used for storage.

The first floor living accommodation comprises two bedrooms, lounge, fitted kitchen and family bathroom. The flat is accessed via the shop and is currently unoccupied.

STAFF

The business is operating with our client and partner working on a full-time basis with the support of two newspaper delivery staff.

FINANCIAL DETAILS

Jasat News has traded solidly since opening. The business generates an annual turnover of £200,000 with gross profits of £50,000. 22% of this turnover is newspaper sales. Full financial details are available upon viewing.

SUMMARY

This freehold proposition offers a range of income opportunities for a new owner and the property could accommodate a variety of businesses. There is plenty of scope to develop the existing business further with the introduction of an alcohol licence and services such as National Lottery, Paypoint and Payzone. A new owner may prefer to let this property with the business and accommodation together or separately. Early viewings are strongly advised. Fixtures:
2 x Display Fridge

Magazine Rack

Shelving

Sweet Shelf

Newspaper Rack

Samsung Till
Trading Hours:
Mon - Sat 5.30am - 7pm
Sun - 5.30am - 3pm

Tenure: Freehold

Location Details: Accrington

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6271
Seller Reference:
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