Hilton Smythe are delighted to welcome to the market this well-established family run newsagent with an enviable local reputation.
High Street News has been under the careful ownership of our client for many years that has seen the business grow steadily and is now being offered to the market for sale as our client looks to take well-earned retirement from the industry.
The business offers a wide range of goods including:
• Newspapers & specialist magazines
• Confectionery goods
• National lottery (with good commissions)
• Dedicated gift card area
There is still plenty of scope to further increase turnover with the revision of opening hours, low cost local marketing via social media and also expanding the retail lines currently stocked within the store along with the possibility of opening a post office within the store and application for alcohol licence.
The premises are in very good general condition having been well maintained over the past few years.
We feel this is an outstanding opportunity for a new owner to take this popular local business to the next level. Also, it’s a tremendous opportunity to own this highly desirable turn key business, and early viewing must come highly recommended to avoid disappointment.Location
High Street News, is located in the popular town of Falkirk.
The business occupies a prime trading location on the High Street resulting in a high volume of footfall and passing trade, the location also benefits from a host of complementary businesses in the busy pedestrianised street.
Falkirk offers a great selection of amenities, including shopping in the two main shopping centres along with a number of major supermarkets.
The local area is well serviced in terms of bars and restaurants, with public transport easily accessible which offers the commuter direct access across the central belt to Glasgow, Edinburgh and Stirling City Centre and is well placed to access the M8 & M9 motorway networks, giving access across the central belt and main city centres.
The local area also further benefits from both primary and secondary schooling.Premises
High Street News occupies number 183 High Street, Falkirk and benefits from large window displays in a prominent location.
Entered from ground level via glazed door into a bright and well-presented front shop area and briefly comprising;
Main shop area
• Serving counter
• Till area
• Lottery pay point terminal
• Cigarette gantry
• Centre confectionery display
• News stand
• Various perimeter racking and shelving
• Large well stocked gift card area
To the rear of the shop is a good-sized storage area that could be utilised to extend the overall sales area.
The shop further benefits from having a one bedroom flat attached to the rear of the premises that is included in the rental priceTenure
We are advised that tenure is offered on a Leasehold basis.
Rent £19,000 PAHours
The business currently operates;
Monday - Saturday 6.00 am to 5.00 pm
Sunday 8.00 am to 3.00 pmStaff
The business is run & managed by the current owner.Financial Profile
The business reported a gross turnover in the region of £390,000.