BusinessHilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, “turn key” newsagents store with an excellent local reputation.The business has been reluctantly placed on the open market due to our client’s health issues.West Denton News was established in the 1950’s and has been operating under the careful and meticulous ownership of our client for over a year and who has revitalised and grown the business, whilst also managing to increase turnover.The business stocks a wide selection of convenience items from:
There is scope to increase turnover with additional opening hours along with the provision of a hot food service/takeaway/bakery and expanding some of the retail lines currently stocked along with the possible introduction of a Post Office Counter and introducing off sales along with national lottery sales.The premises are in fantastic general condition and well maintained throughout, we feel that this is an excellent opportunity for a new owner to take this popular business to the next level.A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointmentLocationThe business is located on the popular and busy Roman Way in the West Denton area of Newcastle and benefits from being in a high footfall residential area.The surrounding areas enjoy a good range of local services including shops, schools and pubs. The area also provides excellent transport links with a regular bus service into Newcastle city centre.
- Fresh produce (could be expanded)
- Newspapers & magazines (delivery round of 298 doors)
- Filled Rolls
- Hot Drinks
- House hold items
- Greetings cards
- Novelty items
- Pay zone services
The A69 and A1 trunk roads are also both close at hand allowing great access to the motorway network. Newcastle International airport is also within easy reach.PremisesPREMISES & EQUIPMENTThe business occupies a substantial ground floor retail premises extending to 57 m2, which has undergone a programme of refurbishment over the last few years, resulting in it being in a true turn key condition.Main ShopEntered from street level into a bright and welcoming main shop / display area, service counter area with a mixture of cabinets and stands, complimented with perimeter shelving to utilise the space for stock display.Rear Shop AreaTo the rear of the shop is an office space area, with further storeroom / kitchen area to the rear of the premises and door to rear leading to the rear of the premises. The business also has a garage space to the rear of the shop that could be utilised for extra storageThe premises further benefits W/C area. alarm & CCTV.
The business is well signed & easily visible in the busy trading locationTenureWe are advised that tenure is offered on a leasehold basisLease 2 years with 1 year remainingRent £8000 per annum
No Rates payableHoursMonday – Friday 0530 - 1730
Saturday / Sunday 0530 – 1230Staff
The business is currently run by the owner, with 1 other part time members of staff & 7 news delivery persons.Financial Profile
The business reported a gross turnover figure in the region of £130,000 per annum.