Newsagent And Off Licence In Norton Cleveland | | Norton Cleveland | | Newsagent Norton, Cleveland T/O: £778,000 GP: 22.14% Huge scope 2-bedroom apartment Loyal customer base High footfall Extensive range of products | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72230
ADVERT IMPRESSIONS : 5,493 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £389,950 | LEASEHOLD: | £165000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Wilsons Newsagent occupies substantial 2-storey semi-detached corner premises, ideally located in the sought-after village of Norton, near Stockton-On-Tees, Cleveland. The premises benefit from ample on-street parking and are surrounded by a densely populated residential area. The business has a prominent trading position close to the village green, enjoying a high footfall and much passing trade. There is a wealth of complementary shops, businesses and amenities nearby, including schools and a library. The premises boast easy access to the A-road network and the A1(M), which leads to Newcastle. Stockton-On-Tees town centre is just a short distance away and possesses further amenities and attractions. The village is popular with commuters and is a highly desirable place in which to live. Stockton-On-Tees lies approximately 2 miles to the south, while Middlesbrough lies 4 miles away.
Business History
Preferred Commercial is delighted to offer for sale this newsagent and off licence, which was established in the 1930s and which has been in our clients' careful hands since 2004. The newsagent is only now being 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 £778,000 per annum with a gross profit of 22.14%. Wilsons Newsagent offers an extensive range of general CTN lines, convenience lines, alcohol, groceries, pet food and greeting cards, along with Paypoint facilities and the Lottery. We feel the turnover could be further increased by extending the range of products, such as hot and cold snacks and also sandwiches. There is scope to open all day on Sundays, as the store is currently only open till 2pm. The store enjoys much repeat trade from the local community. The property has been fitted to a high standard and well-maintained throughout. The premises boast self-contained 2-bedroom owners' accommodation to the first floor with lounge, kitchen and bathroom. The 2-bedroom flat could be let to generate an additional income. We feel this represents an ideal opportunity to acquire an already busy newsagents with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £778,000 approx.
GP: 22.14%
Opening Hours
Mon - Sat: 6:00am to 6:00pm
Sun: 6:00pm to 2:00pm
Accommodation Details
Substantial 2-storey semi-detached retail premises with self-contained 2-bedroom flat. Briefly comprising:
Ground Floor
• Retail area with counter with electronic cash register, a tobacco gantry, displays, coffee machine, fixed shelving and open display chiller
• Storeroom
• Office
• WC with wash hand basin
First Floor
• Large lounge with feature fireplace
• Kitchen
• 2 x double bedrooms
• Bathroom
External
• Courtyard to rear
• Small car park to front and side
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2968 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
