| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 13,365 TIME(S)
BUSINESS REFERENCE : 1400 / RightBiz EXCELLENT HIGH TURNOVER NEWSAGENTS - WARRINGTON | | | | | | Prime trading location in busy residential area Turnover £465,600 per annum and highly profitable Self-contained 2 Bedroom owners accommodation Well established, highly regarded and well known business Strong levels of repeat custom Superb freehold opport | | | BUSINESS LOCATION: | Warrington Cheshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £365,000 PLUS SAV | | | | | | | | | | | BUSINESS DETAILS: | Prime trading location in busy residential area
Turnover £465,600 per annum and highly profitable
Self-contained 2 Bedroom owners accommodation
Well established, highly regarded and well known business
Strong levels of repeat custom
Superb freehold opportunity
Equipped to high standard throughout
Early viewing recommended to fully appreciate
FREEHOLD
Location
The business is situated within a busy parade of shops in a desirable and highly sort after area of Warrington, Cheshire. The area is popular for both businesses and residential occupants due to its high quality housing, good schools and hospitals and easy access to the national motorway network providing the business with a superb captive market from which it draws its' main source of income. Within the immeadiate area ther are 4 schools. The business is surrounded by good quality complementary shops which also attracts a wealth of visiting and passing trade to the area. There is plenty of free parking for customers in the vicinity. The newsagents also enjoys very little competition in the area giving it a monopoly on newspaper rounds. Warrington has excellent links to the M6, M62 and M56 motorways.
Business History
Meridian Business Sales are delighted to offer for sale this well established, well known and highly regarded business that has been a newsagents since the property was built c1960. The business has been in our clients' careful ownership for the past 2 years and is only now being offered to the market due to our clients wish to spend more time with her family. Operating as a community-driven traditional newsagents, our client has built up 10 daily news rounds covering the very popular local residential areas. Since our client took ownership, considerable time and monies have been invested into the business. The shop is fantastically well organised, clean and well stocked with an enormous array of newspapers and magazines. The turnover is in the region of £465,600 pa with a healthy gross profit margin of 25%. This is derived from the sales of newspapers and other media publications, gift cards, groceries, Lotto, PayZone, confectionery and soft drinks. As well as an established newsagents, this is an excellent investment opportunity with a 2 bedroom flat above which could be either owners accommodation or, as it is at present, rented out for extra income. This is a fantastic opportunity for a new and enthusiastic operator to acquire a thriving business offering a complete lifestyle change. Early viewing is strongly recommended to fully appreciate.
Financial Profile
Turnover £465,600pa (inc. lottery & payzone)
Gross Profit 25%
Lottery Sales £100,000pa
Newssheet £91,600pa (10 daily rounds)
Payzone £60,000pa
Rates £820pa (including small business relief)
Opening Hours
Monday - Saturday
5:30am - 5:30pm
Sunday
5:30am - 12:30pm
Tenure
We are advised freehold
Accommodation
A superbly positioned mid-terraced 2 storey retail shop with accommodation in prime trading location. Briefly comprising;
GROUND FLOOR
Large single fronted shop window with roller shutters, entrance, well-organised open plan sales and display area, Fully racked and shelved throughout, central display gondola with gift cards, general groceries and confectionery, large open display drinks chiller, display fridge with freshly-made sandwiches and dairy products, crisp stand, ice cream chest freezer, vast newspaper and magazine display, large counter area with confectionery display, Lotto, PayZone and IBM EPOS (linked to back up PC in rear office). Cigarette gantry, ice 'slush' drinks machine, traditional jarred confectionery stand with weighing scales. Rear room with large wooden shelving storage units and office area with PC. Kitchen area, 2 WCs, secure lean-to used for storage leading to backyard.
FIRST FLOOR
Self-contained 2 bedroom flat with entrance, hallway, kitchen, bathroom, living room and 2 bedrooms
EXTERNAL
Rear backyard with space for 1 car, entrance to flat upstairs. | | | | | | FOR SALE | | | | | SELLER: | MERIDIAN BUSINESS SALES | | CONTACT: | 0845 222 0508 | | REFERENCE: | 1400 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
