Well Established Unopposed Newsagents | | Camborne Cornwall | | WELL ESTABLISHED UNOPPOSED NEWSAGENTS - CORNWALL Advised annual turnover of £190,000 with good GP margins Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 66032
ADVERT IMPRESSIONS : 11,898 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £37,500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | WELL ESTABLISHED UNOPPOSED NEWSAGENTS - CORNWALL
Advised annual turnover of £190,000 with good GP margins
Early interest and viewing is highly recommended
Located in a densely populated area
Scope for further development
All fixtures & fittings included
Genuine retirement sale
Local repeat custom
LEASEHOLD
Location
This well established business is situated in a densely populated, residential area of Camborne, Cornwall. It is less than 1 mile from the town centre and has easy access to the A3.
Business History
Meridian Business Sales are delighted to offer for sale this well established newsagents, the business was established some 40 years ago and has been in the capable hands of our clients for the past 23 years. Only now is the business being offered to the market due to our clients' wishes to take a well deserved retirement. The business is currently run by a husband/wife partnership with the assistance of two part time members of staff. The business occupies a double fronted property in a densely populated area of Camborne, which brings regular repeat customers. It retails in convenience products such as food items, newspapers and magazines, as well as confectionery and cigarettes. They are also an agent for Pay Point which provides further income. Our client informs us of an annual turnover of approximately £190,000 per annum. However, we feel there is a lot of potential for further development by increasing the current opening hours and introducing new convenience lines.
Financial Profile
Turnover: £190,000 PA
Gross Profit: 24%
Stock approximately: £6,200
Tenure
Leasehold
Original length: 7 years
Remaining: 4½ years
Rent: £4,000 pa
Opening Hours
Monday: 6:00am to 5:00pm
Tuesday: 6:00am to 5:00pm
Wednesday: 6:00am to 5:00pm
Thursday: 6:00am to 5:00pm
Friday: 6:00am to 5:00pm
Saturday: 6:00am to 5:00pm
Sunday: 6:00am to 12:00pm
Accommodation
Ground floor, double fronted lock up comprising of;
Large retail area, fully equipped with freezers, fridge, display cabinets and racking. Serve over counter with EPOS system, cash register and behind counter retail and cigarette display.
Behind counter leads through to rear store room, toilet and external access. | | | | | | FOR SALE | | | | | REFERENCE: | 2697 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
