Busy Newsagent In Powys | | Talgarth Powys | | Newsagents Talgarth, Powys T/O: £274,000 GP: 18% Scope to increase turnover Loyal customer base Town centre location High footfall area | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64160
ADVERT IMPRESSIONS : 3,564 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £39,950 | ANNUAL RENT: | £4500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Summerfield Newsagents occupies substantial 3-storey premises, ideally located on High Street in the market town of Talgarth, Powys. The business is situated in an ideal trading position, close to the town's amenities and is surrounded by a large residential area. The Talgarth Mill is close by, which ensures a constant high footfall of tourists all year round. There is ample parking in the vicinity and there are a number of bus stops within easy walking distance. Talgarth sits below the Black Mountains, which run along the Wales and England border. The town is an ideal base for tourists to walk, cycle and visit the Brecon Beacons. The business boasts easy access to the A-road network and Brecon is less than 10 miles away.
Business History
Preferred Commercial is delighted to offer for sale this busy newsagents, which was established in 1900 and which has been in our clients' careful hands since 1998. The newsagents is only now offered to the market due to our clients' wish to retire. The business trades 7 days a week and generates a turnover in the region of £274,000 with a gross profit of 18%. Our clients offer a wide range of high quality products including general CTN lines, convenience lines, pet food, seeds and nuts. We feel the turnover could be increased by extending the range of animal food available and offering a delivery service to local farmers. There is a 1-bedroom flat, which is currently let out at £60 per week. The new owner could, if desired, convert the first and second floors to make a 3-bedroom flat. The business has an excellent reputation and enjoys a loyal customer base. The premises are well-equipped to suit the trade with a spacious shop area with numerous displays and a large stock room to rear. We feel this is an ideal opportunity to acquire an already busy newsagents with scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £274,000 approx.
GP: 18%
Newssheet: £1300 per week
Opening Hours
Mon: 6:00am to 12:30pm
Tues - Fri: 6:00am to 5:30pm
Sat: 6:00am to 5:00pm
Sun: 6:00am to 12:30pm
Accommodation Details
Substantial 3-storey retail premises with 1-bedroom flat situated in a town centre location. Briefly comprising:
Ground Floor
• Spacious shop area with 5 x greeting card displays, 14 foot magazine stand, fresh vegetable display, central display aisle, freezer, 2 x refrigerators and shelving to perimeter
• Large counter area with confectionery display, electronic cash register and tobacco gantry
• Store room with shelving to suit
• Additional store room to rear
First Floor
• Office with shelving and desk
• Store room
• Kitchen with a range of fitted units
• Bathroom with bath WC and wash hand basin
Second Floor
• Lounge with exposed beams
• Bedroom with built in wardrobes
• Shower room with WC and wash hand basin
External
• Enclosed rear yard
Tenure
Leasehold
Original length:20 years
Remaining: 7 years
Review: every 5 years
Rent: £4,500 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2504 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
