Newsagent With Flat Taking Eleven Thousand Pounds Per Week | | Undisclosed Derbyshire | | NEWSAGENT WITH FLAT TAKING £11,000 PER WEEK Successful and well established newsagent trading from excellent location Busy site with 19 morning, 16 evening and 18 Sunday rounds Self contained flat above the shop currently let but with potential for owners' accommodation Weekly takings averaging £11,000 with £16,000 per week in PayPoint and £2,000 in Lottery F/H: £290,000 + SAV REF: 1251DE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71111
ADVERT IMPRESSIONS : 16,252 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £290,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
• Prominently sited newsagent in busy parade of in the heart of a suburban community
• Range of complementary retail and service based businesses in the immediate vicinity
• Outskirts of large Derbyshire conurbation and close to a large number of houses
• High levels of footfall seen
HISTORY
• Newsagent on or close to site for over 70 years
• Acquired by vendors 17 years ago with considerable build up in trade seen during tenure
• Equipped and maintained to high industry standards
• Product mix and blend varied in line with consumer tastes
• Lottery sales introduced
• Loyal repeat customer base established
• A site very much associated with the trade
REASON FOR SALE
• Retirement
PRODUCTS
• Traditional extensive range of newspapers and magazines
• Non alcoholic beverages
• Groceries
• Flowers
• Snacks
• Sandwiches and baguettes
• Confectionery
• Cigarettes
• Giftware
• Greetings cards
• Phonecards
• Stamps
SERVICES
• National Lottery
• PayPoint
• Photocopying
• Newspaper deliveries (19 morning, 16 evening and 18 Sunday rounds)
• Western Union money transfers
CUSTOMERS
• High level of passing and walk in trade
• Local population very much associate the site with trade
SUPPLIERS
• Goods sourced locally from traditional trade wholesalers and suppliers
STAFF
• Vendor works approximately 30 hours per week in the business
• 1 full time staff member
• 4 part time staff members
• Casual part time and delivery staff as required
TRADING HOURS
• 5 AM to 5.30 PM Monday to Saturday
• 6 AM to 12.30 PM Sunday
FINANCIALS
• Weekly takings averaging £11,000 per week
• Gross profit margin 22%
• Stock holding approximately £20,000
• News bill approximately £3,000 per week
• Very significant level of net profit
• Flat generates £60 per week
• PayPoint turnover averages £16,000 per week
• Lottery turnover approximately £2,000 per week
PREMISES
• A traditional lock up retail unit with one bedroom flat (separate access)
• Racking and shelving appropriate to trade
• Sales counter fully integrated electronic stock system
• Rear store with kitchen and WC
• Cigarette gondola
• Alarmed
• CCTV
• Roller shutters
STRENGTHS
• Superb location in busy suburban locality
• High footfall
• Demonstrable weekly takings of £11,000
• Lottery and PayPoint already in place
• Limited competition in the immediate vicinity
• Significant volumes of trade already built up with high repeat rates and established delivery rounds
SCOPE
• Introduction of additional products and services
• Focus on business development activity
• Refurbishment of premises
• Use of accommodation above the shop by new owner
• Additional opening possible in the evening and on Sundays
• Additional newspaper deliveries
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises | | | | | | FOR SALE | | | | | REFERENCE: | 1251DE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
