BusinessHilton Smythe are pleased to have been given the opportunity to manage the sale of Horeston Grange News which is a well established business with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
Horeston Grange News was founded by the current owner 26 years ago and has been a real labour of love for him and has an impressive number of regular customers many of whom have been using the business for many years. Alas the business is now being sold, albeit reluctantly and with a heavy heart only so that the vendor can concentrate on his other business interests. He is keen to see his beloved Newsagents and Post Office pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next levelHoreston Grange News is a busy and well stocked Newsagents and Local Post Office. The impressive and immaculately presented shop offers a range of products including;
Additionally, the business has a Lotto terminal with of circa £2000 per week and a news bill of circa £1000 which comes from over the counter sales. The business has exclusivity on Newspapers and Magazines in the immediate vicinity.Scope to improve
- Newspapers and Magazines
- Cigarettes and tobacco products
- Cold drinks
- Children’s toys
- Household items
- Greeting cards, wrapping paper and gift bags
- Invitations, candles and balloons.
Introduce alcohol salesReasons to Buy
- Advertising and marketing campaign, perhaps with leaflet drops locally
- Maximise the use of social media
- Extend the opening hours
- Re-introduce News delivery rounds
Priced to facilitate a quick sale.Hilton Smythe highly advise early viewing to avoid disappointment.
- A well-established business with an enviable reputation and many regular customers
- Perfect trading position in a busy and vibrant shopping parade
- Lots of residential building going on locally which will increase footfall considerably
- All fixtures and fittings included making this a real Turnkey business opportunity
- Current owner happy to offer a handover to ensure the continued success
This great little business is likely to attract considerable interest.
LocationHoreston Grange News is located in Coventry.Coventry is a city and metropolitan borough in the West Midlands. Historically part of Warwickshire, Coventry is the 9th largest city in England and the 12th largest in the United Kingdom. It is the second largest city in the West Midlands region, after Birmingham.Coventry is 19 miles east-southeast if Birmingham, 24 miles southwest of Leicester, 11 miles north of Warwick and 94 miles northwest of London. Coventry is also the most central city in England, being only 11 miles south-southwest of the country’s geographical centre in Leicestershire.On 7 December 2017, the city won the title of UK City Of Culture 2021, after beating Paisley, Stoke-on-Trent, Swansea and Sunderland to the title.Coventry’s main industries include: cars, electronic equipment, machine tools, agricultural machinery, man made fibres, aerospace components and telecommunications equipment. In recent years, the city has moved away from manufacturing industries towards business services, finance, research, design and development, creative industries as well as logistics and leisure.
Coventry is near the M6, M69, M45 and M40 motorways. It is served by the A45 and A46 dual carriageways. Coventry has an inner ring road which was completed in the early 1970’s and Phoenix Way, a dual-carriageway running north-south completed in 1995, linking the city centre with the M6 motorway.Coventry railway station is served by the West Coast Main Line with services provided by Virgin Trains, West Midland Trains and Cross Country. It has rail services between London and Birmingham. A new rail station serving the north of the city on the Coventry to Nuneaton Line opened in January 2016.Bus operators in Coventry include National Express Coventry, Travel De Courcey and Stagecoach in Warwickshire.Horeston Grange News is situated in an unusually busy and vibrant shopping area alongside other complimentary retail businesses such as a busy Co-Op supermarket, a Subway, fish and chip shop, a betting office, frozen food store and a petshop and carpet business and thus benefits from high levels of footfall, regular custom and passing trade.The business is beautifully presented and maintained with clear visible signage and distinctive livery.There is a large, free car park immediately outside the premises.
PremisesHoreston Grange News occupies the ground floor of a modern, inner terraced retail unit and briefly comprises;ShopWindows and glazed double doors to front creating a light airy and inviting interior, wood effect flooring and suspended ceiling with fluorescent lighting, perimeter shelving and central shelving gondola, greeting card racking with drawers beneath, revolving sticker carousel, Newspaper and magazine racking, freestanding Sellotape stand, 2 glass fronted chillers, hanging space for bagged items such as candle, balloons and invitations, greeting card carousels, bespoke counter with till and generous wrapping area and cigarette gantry behind.OfficeWith space for desk, chairs and filing cabinets etcPost office counterWith perimeter shelving and safe etc.KitchenWith a range of base units, stainless steel sink with Santon water heater and space for fridge, microwave and kettle etc.StockroomWith a range of base unit cupboards, roller door to rear and perimeter shelving.The premises are secured by a Post Office monitored alarm and a 5 camera CCTV system with smartphone connectivity option.
TenureWe are advised that Horeston Grange News is being sold as a leasehold business opportunity.The existing lease has 3 years remaining. The rent is £20,572 per annum which is reasonable given the size and location of the premises.
We are advised that that the business rates payable are £5400 per annum.HoursShopMonday to Saturday 7.00am - 5.30pmSunday 7.30am - 12.30pmPost OfficeMonday to Friday 9.00am -5.30pmSaturday 9.00am -12.30pm
The business is run and managed by our client with the help of 1 Full time and 1.5 part time members of staff.Financial Profile
Horeston Grange News generates an advised current turnover through the shop of circa £364,000 per annum with post office salary / commissions of approximately £30,000.