Newsagents for sale in Minehead

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Town Centre Newsagents

Minehead, Somerset, England

  • Freehold Price: £220,000
  • Annual Turnover: £131,000
Seller Reference: COM150136
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Business Description
 
 
 
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Seller Reference: COM150136
Request Details
Business Description
The property comprises of a character Grade II listed building comprising a mid-terraced commercial shop, operating as a newsagents, tobacconist and confectioners with the owner's apartment above the main shop and above the adjoining barbers' shop and approached from the rear.

The ground floor retail area offers approximately 143 sq ft of space together with a lobby, sorting room for newspapers and a rear stock room with loft above.

The private accommodation is approached from the rear where a separate door gives access to a ground floor lobby, private living room and kitchen beyond. Stairs lead to the first floor where there is a bathroom, a separate cloakroom and a rear bedroom.

To the rear, overhanging the adjoining shop are two further bedrooms and over the main newsagents, a private lounge.

Therefore, this is a spacious private owners' apartment and to the rear there is a small yard and rear pedestrian access.

THE BUSINESS
This is a genuine retirement sale of this traditional confectioner, tobacconist and newsagents opening 7 days a week.

Opening hours are 5:30am - 5:30pm and closing on Saturday at 4:45pm. Sunday opening is 6:00am - 10:30am.

The shop has three newspaper rounds as well as the counter newspaper sales and also sells a range of magazines, stationery, sweets, tobacco and other items.

The turnover is approximately £131,000 per annum, showing a gross profit of £36,394. Audited accounts will be made available to those interested parties who have inspected the property.

This is an excellent lifestyle business providing a good income opportunity in this popular resort.

Please note the vendor will consider offering the sale of the freehold for £220,000 or the rental of the lease of the ground floor shop based on a term of years to be agreed, on FRI terms at £100 per week plus an ingoing premium of £25,000 and stock at evaluation.

Bank and trade references will need to be provided for the landlord's approval.
Trading hours:
7 days a week, 5:30am - 5:30pm Monday to Friday, 5:30am - 4:45pm Saturday, 6:00am - 10:30am Sunday
Tenure:
Freehold
Is accommodation included?:
Yes
Location Details:
Within the popular West Somerset tourist resort of Minehead, often referred to as the 'Gateway to Exmoor National Park' this property is set back from one of the main vehicular approach roads into the town centre.
Listed by:
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