Newsagents for sale in Morpeth

View the "Price Reduction- Thriving Newsagent and Off Licence in Morpeth with 2 Bedroom Apartment" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Price Reduction- Thriving Newsagent and Off Licence in Morpeth with 2 Bedroom Apartment

Morpeth, Northumberland, England

  • Leasehold Price: £80,000  Price Reduced arrow_drop_down
  • Annual Turnover: £380,000
Seller Reference: T33055YK
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: T33055YK
Request Details
Business Description
Coming to market for the first time in 15 years, EM&F are delighted to offer this thriving Newsagents and Off Licence for sale. The leasehold business is situated in the sought-after Northumberland town of Morpeth, and includes an attractive two bedroomed first floor apartment providing either Owners' accommodation or an additional income stream if sub-let. Turning over more than £375,000 per annum, and with Adjusted Net Profit for a couple operating the business full time of more than £47,000, the business still has potential for substantial further growth in the Off Licence trade.The business now enjoys a local monopoly following the closure in Spring 2019 of it's only competitor. This has resulted in increased weekly turnover and footfall, and the stocking of a wider range of foodstuffs and alcohol. At just £80,000 plus Stock at Value this opportunity is sure to attract a great deal of interest and an early viewing is strongly recommended. NB Viewings and negotiation strictly through Everett Masson & Furby ( Tel: 01423 502121 / e-mail: yorkshire@emfgroup.com ).

Trading hours:
5.00am to 8.00pm Monday to Friday 5.00am to 6.00pm on Saturday and Sunday
Number of employees:
4
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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