Hilton Smythe is delighted to welcome to the market this well-established and profitable newsagent business in Kirkby-in-Ashfield, Nottinghamshire. The business was established in 1902 and has been in our clients` careful ownership since 1990. Our client has been involved with the business since she was 13 years old and eventually took over the business from her parents. Only now is the business being offered to the market due to our clients` other interests.
The business is open 7 days per week and generates a turnover in the region of £165,500 per annum, with a gross profit of approximately 24%. The turnover is generated from the sale of newspapers and magazines, confectionery, tobacco products, greeting cards, snacks, soft drinks etc. The business also offers newspaper delivery rounds, with 20 delivery boys and girls.
The business has an excellent reputation within the area, which has generated a very loyal customer base with a vast amount of repeat trade. The property boasts a good sized sales and display area, which is well-equipped to suit the trade. We feel the turnover could be further increased by extending the range of products available and also by applying for an alcohol licence.
The property boasts two good size rooms and a bathroom to the first floor, which are currently not being utilised and could be converted into living accommodation should a new owner desire. This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this business to the next level; therefore early viewing must come highly recommended.Location
S & D Philips Newsagents occupies substantial two-storey premises in the town of Kirkby-in-Ashfield, Nottinghamshire. The business is ideally located on a busy main road within a parade of complimentary shops and businesses.
The business is situated in a densely populated residential area and benefits from a high footfall and much passing trade. The newsagent benefits from free on-street parking to the front of the premises. Kirkby-in-Ashfield is a market town with a population of 25, 256 residents according to the 2001 national census. The town lies on the eastern edge of the Erewash Valley, which separates Nottinghamshire and Derbyshire.
The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is less than half a mile away. The area is also well served by the A-road system, with the A611 in close proximity, which links to the vast A-road and motorway networks. Mansfield is approximately 4½ miles away and Nottingham is 13½ miles away.Premises
Two storey, mid-parade premises, briefly comprising:Ground floor with:
Main sales and display area.
Serve over counter with electronic cash register, health lottery terminal and scratch card display.
Newspaper and magazine display racking.
Greeting card display stand.
2 x upright drink chiller units.
Rear office/paper room.
WC.First floor with:
2 x rooms (former double bedrooms).
On-street parking to front.
Parking area to rear for up to 6 vehicles.Tenure
We are advised Freehold.Hours
Monday – Tuesday: 5.30am – 5.00pm
Wednesday: 5.30am – 2.00pm
Thursday – Friday: 5.30am – 5.00pm
Saturday: 5.30am – 2.00pm
Sunday: 7.00am – 12.00pmStaff
The business is owner run and managed with 17 x paper boys and girls.Financial Profile
The business generates a turnover in the region of £165,500 per annum, with a gross profit of approximately 24%.