Popular Newsagent In Stranraer | | Stranraer Dumfries and Galloway | | Newsagents Stranraer, Dumfries and Galloway T/O: £140,000 GP: 30% Scope to increase turnover Busy high street location Affluent residential area Loyal customer base Self-contained owner's accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 54276
ADVERT IMPRESSIONS : 7,197 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £129,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Tilly and McIntyre newsagents is ideally located on a busy high street in Stranraer, Dumfries and Galloway. The property is set within a parade of complementary shops and businesses and enjoys free car parking directly outside the premises. There is a local bus route close by, with the railway station and waterfront both within easy walking distance. Stranraer is an affluent town, which is popular with tourists and is the base for the ferry services to Belfast. The business has easy access to the A75, which leads east, through picturesque scenery and the Galloway Forest Park, to Dumfries, which is approximately 65 miles away.
Business History
Preferred Commercial is pleased to offer for sale this popular newsagents shop, which was established in 1970 and has been operated by our clients since 2002. The business is only now offered for sale due to our client's wish to retire. The property has recently been renovated, which included electrical re-wire, boiler and radiators, plastering, skirting boards, doors, carpets and a new kitchen, along with a new shop counter and full double glazing. Our clients have established a loyal customer base and have a large number of newspaper delivery rounds in place, along with numerous collections from local residents. The business generates turnover in the region of £140,000 per annum, with a gross profit of 30% and has invested in a valuable computerised newspaper system. Along with newspapers and magazines, our client provides a range of greetings cards, confectionery and gifts. We feel that turnover could be further improved by extending the opening hours, introducing a range of groceries and takeaway food, and perhaps applying for a license to sell alcohol. The new owner could, if desired, offer Pay Point and Pay Zone services and apply to sell National Lottery tickets and Scratchcards. This is an ideal opportunity to acquire busy newsagents, which has potential to expand the business and increase turnover. Early negotiations with Preferred Commercial are highly recommended.
Financial Details
T/O: £140,000 approx.
GP: 30%
Opening Hours
Mon - Fri: 5.45am to 5.00pm
Sat: 5.45am to 4.00pm
Sun: 7.00am to 11.00am
Accommodation Details
Ground floor lock-up premises in main road position with self-contained flat above and rear garden. Briefly comprising:
Ground Floor
• Sales area with card display, drinks chiller, toy display, newspaper and magazine racks, confectionery display, towel and bedding display, selection of giftware, ice cream freezer, counter servery with tobacco gantry to rear, computerised paper system, fax machine and printer
• Office with desk, chair, computer and shelving
• Kitchen used as owner's accommodation with integrated 5 ring gas hob and oven
First Floor
• Lounge
• 2 x Double bedroom with fitted wardrobes
• WC
• Bathroom with bath, shower, wash basin and WC
External
• Rear garden
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 1990 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
