Newsagents for sale in Rowley Regis

View the "Sues News Blackheath Rowley Regis B65 0HY." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Y. MacGregor (Nov 2017)
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Leasehold Price: £24,995 Price Reduced Turnover: £91,000
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Business Description
Business
Hilton Smythe welcomes to the market Sues News.

Sues News was founded by the current owner approximately 5 years ago and has become a popular and well used business.

Positioned in a busy shopping area and sits alongside other complimentary retail businesses many of which are independents.

The business is now being sold albeit reluctantly only, so the vendor can pursue other business interests and spend more time with his young family.

Sues News is a Newsagents come Convenience Store selling,

• Newspapers and Magazines,
• Tobacco and vaping products,
• Confectionery,
• General groceries,
• Household and cleaning items,
• Ice creams,
• Greeting cards and wrapping paper,
• Chilled drinks,
• Fruit and veg.

Additionally, the business has,

• A ‘Photo Me’ photo booth from which the owner receives 10% of the takings.
• A Pay Zone terminal which takes approximately £3000 per month.

Sues News has a weekly news bill of circa £340 and has a morning delivery round.

The business also supplies newspapers and magazines to the stall holders of Blackheath Market which is just down the road.

A major benefit of this business is the bus pass service which takes between £2500 to £4000 per week and increases footfall considerably. This service would be passed to a new owner.

But it needs to be stressed that a new owner would have to be a home owner to qualify for this lucrative service and agree to bank the income on a daily basis.

A security deposit would also be required.

Sues News has a considerable number of regular customers many of whom use the business on a daily basis and are known on a first name basis by the current owner who is a popular and well-respected member of the local community.

Scope To Improve,

1. Maximise the use of social media particularly Facebook and Twitter,
2. Website to extol the services and products stocked,
3. Extend the opening hours,
4. Apply for an alcohol licence and introduce beers, wines and spirits,
5. Revamp the exterior signage,

Reasons To Buy

1. A well-established business with an enviable reputation and many existing customers,
2. Perfect trading position in a busy and vibrant High Street,
3. Current owner happy to offer a handover to ensure the continued success ,
4. Minimal running costs with inexpensive rent and no business rates,
5. Ideal owner managed or husband and wife team,
6. Real opportunity for an ambitious and entrepreneurial new owner to take this already thriving business to the next level,
7. Priced to sell,

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Sues News is Located in Black Heath, Rowley Regis in the West Midlands.

Blackheath is a town and ward in the Rowley Regis area of the Sandwell Metropolitan Borough in the West Midlands.

Blackheath has always been a predominately working-class area dominated by modest housing.

In the 1990’s the town became more prosperous with improving housing stock and some substantial development in town centre stores and improvements in the road network.

Blackheath has many transport links with buses travelling throughout the borough and there is a busy bus stop immediately outside the business.

Rowley Regis railway station is nearby.

Sues News is ideally situated in a prominent main road position in the unusually busy and vibrant shopping area of Blackheath.

It enjoys a high level of footfall and passing trade and is particularly noticeable due to its position by a busy main road junction which means that cars stopping at the traffic lights cannot help but notice the business.

Sues News is nicely presented and maintained with clear visible signage.

There are a number of inexpensive public car parks nearby.

Premises
Sues News occupies the ground floor of an inner terraced shop unit and briefly comprises,

Shop

• Windows and glazed door to front creating a light airy and inviting interior, cleverly designed to maximise the space available,
• Suspended ceiling with fluorescent lighting,
• Vinyl tiled effect flooring,
• Perimeter shelving,
• Long central shelving gondola,
• Chest freezer for ice creams,
• Metal dump bins,
• Perspex Newspaper display,
• Magazine racking,
• Metal crisp and snack display,
• Greeting card racking,
• wrapping paper dispenser,
• ‘Photo Me’ photo booth,
• Single glass fronted chiller,
• Double glass fronted drinks chiller,
• Bespoke counter,
• Till,
• Card Machine,
• Pay Zone terminal,
• Vaping display,
• Bus pass machine,
• Generous wrapping area,
• Cigarette gantry,
• Rear storage area,
• WC with hand wash basin,

Tenure
We are advised that Sues News is being sold as a leasehold business opportunity, the existing 5-year lease has roughly 8 months remaining.

We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner however he has stipulated that a new owner would have to be a home owner.

The rent is a very reasonable £7,200 Per Annum.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Friday 6-5.30
Saturday 8-5
Sunday 9-1

Staff
The business is run and managed by our client with the help of one-part time member of staff.

Financial Profile
Sues News generates an advised current turnover of circa £91,000 per annum but is to be stressed that the business is currently being run at a pace to suit and has enjoyed much higher turnover previously.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04224
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