Freehold Newsagents With 2 Bed Apartment | | Undisclosed Worcestershire | | WORCESTERSHIRE FREEHOLD NEWSAGENT WITH 2 BED APARTMENT Located in residential area 12 morning rounds / 4 evening & 12 sunday rounds S/C 2 bed apartment on first floor A/T: £106,320 GP: £45,032 NP: £23,425 Scope to extend F/H £245,000 REF: 9949DY | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59770
ADVERT IMPRESSIONS : 9,650 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £245,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The newsagents is located in the centre of a large residential area with no nearby competition
HISTORY
This family run newsagents was founded over 24 years ago during which time it has had only 1 owner
REASON FOR SALE
Unfortunately, the vendor has passed away, the business is run by his son on a temporary basis
PRODUCTS
The business operates as a traditional newsagents with the following items offered for sale:
Cigarettes and tobacco
Newspapers and magazines with 12 morning rounds, 4 evening rounds and 12 Sunday rounds
Greetings cards and gift wrap
Soft drinks
Stationery
Some select convenience items
Ice creams
Small toys
Crisps, sweets and confectionery
CUSTOMERS
Mainly drawn from the local area, the business has a loyal customer base
There are 4 nearby schools so the business has a large children trade
SERVICES
The newsagents offers a photo copying facility
STAFF
The business is run by the vendors son, who works full time in the business
TRADING HOURS
Mon to Sat: 6.30am to 6.30pm
Sunday: 6.30am to 1.00pm
FINANCIALS
2010 2009 2008
Sales £106,320 £103,034 £110,067
Gross £45,032 £30,707 £29,069
Net £23,425 £24,322 £23,805
Stock holding: £10,000
PREMISES
Ground floor end terraced shop with self contained 2 bed apartment on the first floor, they briefly comprise:
Central entry door into the shop from wide walkway pavement
Rear counter and till with back cigarette gantry
Long central display, one side with general household goods and the other with loose confectionery
Twin and single door chiller units, both for soft drinks, an ice cream freezer and an open red bull chiller
Large magazine and paper rack display dominates one side wall
Greetings cards display and photocopier
Rear stores area with w/c, sinks and water heater
The premises has a tiled floor, suspended ceiling, is alarmed and has a 4 camera CCTV system
Apartment
There is a rear door which gives access to the external stairway to the self contained apartment which includes:
Entry from roof terrace into the lobby area
Spacious lounge with electric fire, tv point and service hatch from kitchen
Corridor with both bedrooms, kitchen and bathroom off
with oven under and extractor unit over, stainless steel sink with single side drainer, range of attractive wall and base units, roof skylight
Bathroom with w/c, sink, bath with shower over, frosted side window
Double Bedroom 1 with built in cupboards, tv and phone point
Double Bedroom 2 with built in cupboards and phone point
The whole apartment is doubled glazed and is decorated to a good standard
STRENGTHS
An extremely well established business
Little local competition
High visibility location
Loyal local customer base
High gross margins together with low overheads
SCOPE
The vendor has informed us that there is a genuine potential to increase both sales and profits by:
Opening extra hours in the evenings and on Sunday afternoons
Applying for PayPal, Paypoint or the Lottery
To apply for an alcohol licence
TENURE
Freehold
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises. | | | | | | FOR SALE | | | | | REFERENCE: | 9949DY / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
