Convenience Store And Newsagent In Beverley East Yorkshire | | Beverley East Riding of Yorkshire | | Convenience store and newsagents Beverley, East Yorkshire T/O: £221,000 GP: 21% Huge scope Well-equipped High footfall 3-bedroom owners' accommodation Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69324
ADVERT IMPRESSIONS : 8,570 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £299,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Minster News occupies substantial 2-storey mid-parade premises, ideally located in the heart of Beverley, East Yorkshire. The business is in a prominent trading position in a sought after area of the town centre, close to local amenities and attractions and enjoys a high footfall and much passing trade. There are excellent public transport links serving the area with numerous bus stops and a railway station within easy walking distance. Beverley is an affluent market town steeped in history and culture and is a highly desirable place in which to live and work. The town is popular with commuters due to its excellent road and rail links across the region. Beverley is famous for its historic religious and architecture links and is home to Beverley Minster and the oldest grammar school in the country Beverley Grammar School. The premises boast easy access to the A-road network and the M62 is 12 miles away. Hull lies less than 7 miles away, while the city of York is 30 miles away.
Business History
Preferred Commercial is delighted to offer for sale this busy newsagents and convenience store, which was established in the 1950s and which has been in our clients' careful hands since 1985. The store 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 £221,000 per annum with a gross profit of 21%. Minster News offers an extensive range of products including, general convenience lines, CTN lines, groceries, dairy products, frozen food and alcohol. The store also runs 5 weekday and 2 Sunday newspaper rounds of approximately 300 deliveries. We feel the turnover could be further increased by extending the range of products available, such as hot and cold snacks and fruit and vegetables. There is also the opportunity to establish a PayPoint service and perhaps introduce the lottery. The business has gained a loyal customer base over 60 years of trading and enjoys much repeat trade. We have been advised that there is a new college being built in the area, which will increase the daily footfall dramatically. The premises have been fitted to a high standard throughout and boasts owners' accommodation above the shop with 2-bedrooms, lounge, kitchen and bathroom. There is also a separate building to the rear with a staff WC, large storeroom and twin bedroom to first floor. This is an ideal opportunity to acquire an already busy newsagents and convenience store with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £221,000 approx.
GP: 21%
Opening Hours
Mon - Sat: 6:00am to 7:00pm
Sun: 6:00am to 11:00am and 4:00pm to 6:00pm
Accommodation Details
Substantial 2-storey retail premises with 3-bedroom owners' accommodation. Briefly comprising:
Ground Floor
• Sales area with large counter, ice cream freezer, 2 x upright freezers, under counter chiller, drinks chiller, 2 x dairy chillers, electronic cash register, shelving and rack to perimeter walls, newspaper and magazine racks and greeting cards display
• Kitchen/breakfast bar with fridge-freezer, dishwasher, electric hob and oven and microwave oven
First Floor
• Lounge with feature fireplace
• Bathroom
• Single bedroom
• Double bedroom
External
• Outbuilding with storeroom, staff WC with wash hand basin and twin bedroom to first floor
• Rear courtyard garden
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2792 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
