Popular Newsagents In County Durham | | Ferryhill County Durham | | Newsagents Ferryhill, County Durham T/O: £156,000 GP: 27% Run at pace to suit, huge scope 2-bed owners' accom Ideally located next to school Excellent opportunity | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60100
ADVERT IMPRESSIONS : 6,501 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £124,999 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Cottage News occupies a prominent corner location on Bede Terrace, which lies on the busy Broom Road in Ferryhill, County Durham. The newsagents lies at the entrance to the local school and benefits from a high daily footfall and much passing trade. The shop is surrounded by a densely populated residential area from which it draws much trade. Ferryhill is a popular town in south-central County Durham and boasts easy road access with the A1(M) just 3 miles away.
Business History
Preferred Commercial is delighted to offer for sale this popular newsagent's business, which was established in the 1930s and which has been in our client's careful hands since 1998. The business is only now being placed on the market due to our client's wish to retire. The newsagent's is run at a pace to suit our client and generates a turnover in the region of £156,000 per annum with a gross profit of 27%, derived from the sale of newspapers and magazines, confectionery, a range of groceries and convenience items and alcohol. A new owner could increase the turnover by perhaps, opening all day on a weekend and expanding the range of convenience and alcohol items stocked. The premises benefit from 2-bedroom owners' accommodation and private parking to the rear. We feel this represents an ideal opportunity to acquire a thriving community newsagent's with owners' accommodation. Early viewing must come highly recommended.
Financial Details
T/O: £156,000 approx.
GP: 27%
Newssheet: £375 per week
Opening Hours
Mon - Fri: 7.00am - 8.30pm
Sat - Sun: 8.00am - 1.00pm & 5.00pm - 8.30pm
Accommodation Details
Spacious end of terrace retail premises with 2-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Main sales and display area with greeting card rack, ice cream freezer, alcohol display chiller, double door drinks display chiller, single drinks display chiller, dairy chiller, 2 x freezer display cabinets, retail counter with cash register, weighing scales and confectionery display
• Owners' kitchen with a range of fitted wall and base units
First Floor
• 2 x bedrooms
• Family bathrooms
• Lounge
• Office area
External
• Private parking to rear
• 2 x detached garages
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2279 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
