Newsagent And Store In Northamptonshire Village | | Newnham Northamptonshire | | Newsagents and Shop Newnham, Northamptonshire T/O: £79,000 GP:30% Huge scope to increase turnover Village green location Well-equipped 2-bed first floor flat | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59159
ADVERT IMPRESSIONS : 9,867 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £249,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Newnham Stores is ideally located overlooking the picturesque village green in Newnham, which lies close to Daventry, Northamptonshire. The business is next door to the local pub and close to the bus stop and other village amenities. The prominent 2-storey premises accommodate the business on the ground floor and well-presented owners' first floor flat. The business benefits from ample on-street parking. Newnham lies just off the A45, which connects to junction 16 of the M1 motorway approximately 6 miles to the east. Daventry is just over 1 mile to the north, where there is a wealth of amenities and a popular market twice per week.
Business History
Preferred Commercial is pleased to offer for sale this well-equipped newsagents and shop, which was established in 1955 and has been operated by our clients since 2000. The business is only now presented to the market due to our clients' wish to retire. Our clients provide a number of daily newspaper delivery rounds to the local community and supply a range of newspapers and magazines in the shop, which benefits from residents in the surrounding rural areas. The business is currently run at a restricted pace and trades just three hours per day, which generates a turnover in the region of £79,000 with a gross profit of 30%. The property is very well-equipped and the retail sales area has been recently re-fitted with new racking and shelving. Although not currently trading as a convenience store, there is huge potential within the shop, as the fixtures and fittings are already installed. The business also traded as a Post Office at one time and the Post Office counter is still in situ. The new owner could use the large shop unit for a variety of uses including convenience store and off-licence and there is potential to apply for change of use, such as hot food take away. The first floor flat is well-presented and has a separate private access to the rear, with an enclosed garden, currently laid to lawn. There is scope to rent out the flat to provide additional income. We feel this is an ideal opportunity to acquire good-sized retail premises in a picturesque village location, which offers huge potential and also owners' accommodation. Early contact with Preferred Commercial is highly recommended.
Financial Details
T/O: £79,000 approx.
GP: 30%
Opening Hours
Mon - Sun: 6.00am to 9.00am
Currently run a pace to suit
Accommodation Details
2-storey brick built premises under a pitched slate roof, accommodating retail unit and flat, situated in a village location. Briefly comprising:
Ground Floor
• Shop area with shelving and racking to perimeter walls, central display shelving, newspaper and magazine display racks, glass-top chest freezer, refrigerator, drinks chiller and serving counter with electronic cash register and weighing scales
• Post Office counter with 1 serving position, greetings cards racks, shelving and room to rear with cupboards and shelving
• Rear storage room with office area and kitchenette, worktops, shelving, sink unit, water heater, microwave oven and kettle
• WC with wash basin
First Floor
Owners' accommodation with access via separate entrance to the rear
• Lounge with dining area
• Kitchen with a range of wall and base units
• Linen cupboard
• Bathroom with bath, wash basin, shower cubicle and WC
• Single bedroom with fitted wardrobes
• Large double bedroom with fitted wardrobes
External
• Prominent frontage onto village green
• Rear garden with garden shed
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2214 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
