Newsagents for sale in Saffron Walden

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Asking price: £290,000 Turnover: £172,666
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Business Description
Business
Hilton Smythe welcomes to the market Shahs Newsagents, Convenience Store and Post Office which has been run by our clients, who are now looking forward to retirement, since 1990.

This is an excellent opportunity to acquire a well-established local business positioned in the affluent market town of Saffron Walden (which features in top 12 places to live in the UK).

Shahs is a newsagent, convenience store, post office and off licence. The business gains extra footfall by offering Paypoint, The National Lottery, The Health Lottery and MoneyGram as well as many other products which include:

• Household goods
• Pet products
• Baby products
• Newspapers and magazines
• Alcohol
• Confectionary
• Tobacco products
• Groceries
• Ice creams

Although the business is profitable there are actions a potential purchaser could take to increase the profits:

• A changed layout to focus on profitable products
• Splitting the units to decrease the council tax payable
• Increase the opening hours to be one of four of shops open on Sunday afternoons/evenings
• A website and social media pages should be considered to increase awareness of the business, product range and any promotions (leveraging the premier branding).

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Shahs Newsagents, Convenience Store and Post Office is located in the affluent market town of Saffron Walden within North Essex, close to the border with Cambridgeshire.

The double fronted shop is located in a highly populated residential area within a small parade of shops, which bring in a high footfall.

There is free parking directly outside of the premises, which is the only post office within a 5-mile radius with parking.

Saffron Walden is a thriving market town with excellent road links via A11 and A14 to London and Cambridge, Saffron Walden has a population of circa 16,000.

Premises
The double fronted shop has a large counter to the left with till, lottery machine, tobacco products behind and confectionery in front.

Next to this is shelving for drinks.

To the side of the main counter is the Post Office counter, which has tiered shelving for wines and spirits behind.

The shop has 4 main aisles with double sided display stands. These stands hold groceries, stationery, pet products, baby products, greetings cards and some sports products.

There is an ATM to the rear of the shop with cash being available from the post office counter as well

There are 3 large drinks chillers and 2 chest freezers.

Tiered shelving for magazines and newspapers.

Off the main shop are 2 store rooms one has a toilet off and there is rear access to the rear parking area with 2 garages which are used for storage.

The premises have CCTV with remote Wi-Fi access along with new energy efficient LED lighting.

The premises also have a comprehensive alarm system and shutters at the front and rear of the shop.

Tenure
We are advised the business is being sold as a Leasehold business opportunity, our clients are also interested in selling the freehold

There will be a new lease granted by our clients with an annual rent of £17,000

Hours
The business opening hours:

Monday - Saturday: 7.00 am – 7.30pm
Sunday: 7.00 am – 2.00 pm

The licenced alcohol hours are: Monday to Sunday 6.00 am to 9.00 pm

Staff
The business is run and managed by our husband and wife clients.

Financial Profile
Shahs generated a turnover of £140,000 (draft for year ended 30 June 2018), with gross profit of £73,655

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04485
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