Thriving Newsagents In Middlesbrough | | Middlesbrough Cleveland | | Newsagent Middlesbrough, Teesside T/O: £253,000 GP: 22% Scope to increase turnover Loyal customer base Prime location High turnover | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63023
ADVERT IMPRESSIONS : 8,912 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £34,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Rothbury News occupies substantial mid-parade ground floor lock-up premises, ideally located in a parade of shops in Middlesbrough, Teesside. The newsagent's is surrounded by a densely populated residential area from which it draws much trade, along with a variety of complementary shops and businesses. There is ample on-street parking in the vicinity and there are a number of bus routes serving the area. The premises boast easy access to the A-road network including the A1085 and the A172, allowing easy access to Middlesbrough town centre, which is approximately 3 miles away. Middlesbrough is a large town which lies on the banks of the River Tees and is famous for being the birthplace of Captain James Cook and Brian Clough. Stockton-On-Tees is less than 7 miles away and the A1(M) is approximately 20 miles away.
Business History
Preferred Commercial is delighted to offer for sale this thriving newsagents, which was established in 1980 and which has been in our client's careful hands since 2008 and is only now offered to the market due to our client's wish to retire. The shop trades 7 days a week and generates a turnover in the region of £253,000 per annum with a gross profit of 22%. Our client offers a range of high quality products and services, including general convenience lines, CTN lines, greeting cards and offers the Lottery. We feel the turnover could be further increased by introducing alcohol products and extending the opening hours. The business benefits from being the only newsagents in the area and enjoys an excellent reputation, ensuring much repeat trade. The premises boast a spacious shop area with numerous displays and 2 large store rooms. This is an ideal opportunity to acquire an already thriving newsagent with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £253,000 approx.
GP: 22%
Lottery: £1,200 per week
Newssheet: £600 per week
Opening Hours
Mon - Tues: 6:00am to 6:00pm
Weds: 6:00am to 7:30pm
Thurs: 6:00am to 6:00pm
Fri: 6:00am to 7:30pm
Sat: 6:00am to 7:30pm
Sun: 6:00am to 2:00pm
Accommodation Details
Substantial mid-parade ground floor lock-up premises. Briefly comprising:
Ground Floor
• Spacious shop area with serving counter, tobacco gantry, greeting card rack, ATM, 3 x drink refrigerators, ice cream refrigerator, CCTV and shelving
• Large kitchen with sink, refrigerator and microwave oven
• 2 x store rooms
• WC with wash hand basin
External
• Single parking space to rear
Tenure
Leasehold
Original length:TBA
Remaining: TBA
Review: every 5 years
Rent: £333 per month | | | | | | FOR SALE | | | | | REFERENCE: | 2455 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
