Well Established Newsagent in Kelty Fife for Sale with Growth Potential
Kelty, Fife
- Status
FOR SALE
- Date Submitted:
27/04/23
- Advert ID
512374
- Reference
B07314 / Rightbiz
- Call Agent:
- Freehold: £124,995
- Turnover: £510,829 (£9,824 Per week)
- Net Profit: £93,953 (19% Profit margin)
Business Details
Well established freehold newsagent for sale
BusinessPlease quote reference B07314
CoGoGo are delighted to welcome to the market Mitchell's Newsagents, a highly rated newsagents in the village of Kelty, Fife.
Mitchell's Newsagents has been under our clients ownership for over 15 years, building up an excellent reputation and regular customer base in the area.
The business has now come to the open market due to our clients desire to pursue other business interests.
The business offers a wide range of goods from newspapers and specialist magazines, confectionary goods, cigarettes, National Health Lottery, Payzone, Newspaper delivery service, Christmas toy catalogue, fancy goods & gifts and further benefits from having a dedicated gift card area within the well-stocked premises.
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.
We feel this is an outstanding opportunity for a new owner to take this popular local business to the next level.
Location
Mitchells Newsagents is located on Main Street in the village of Kelty, Fife and receives high levels of footfall and passing trade.
It's a short distance from the main M90 motorway link giving access to the rest of central Scotland.
The business further benefits from being located within a well-established residential area leading to a high level of passing trade.
Premises
Occupies a double fronted retail unit.
Entered from ground level via a double glazed UPVC door into a bright and well-presented front shop area and briefly comprising -
- Main shop area with serving counter & till area
- Cigarette gantry
- Centre confectionary display stand
- Various perimeter racking and shelving
- Well stocked gift card area,
- Rear office with good general storage area
- W/C
Tenure
We are advised that the business is being sold on a Freehold basis.
Hours
The current trading hours are -
Monday – 05:00 - 17:00
Tuesday – 05:00 - 17:00
Wednesday – 05:00 – 13:30
Thursday – 05:00 - 17:00
Friday – 05:00 - 17:00
Saturday – 05:00 – 13:30
Sunday – 06:00 – 11:30
Staff
We are advised that the business is run and managed by our client.
Financial Profile
We are advised as per the 2022-2023 accounts, the business generated a turnover in the region of £510,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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