Scroll To Top
SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Kellys Newsagents Ferryhill County Durham DL17 8AS

Ferryhill, County Durham
Freehold Price:
£165,000
Find more details, or book a viewing:
Status
SOLD / WITHDRAWN
Advert ID
184142
Reference
13237 A / Rightbiz

Details

BUSINESS
Hilton Smythe welcomes to the market Kellys Newsagents. The business was originally established in the 1960’s and was taken over by our clients in 2004. The owners have run this business to a high standard and are now looking to sell, due to the desire to focus on other interests.

The business runs as a newsagent selling an excellent range of products. Confectionery, newspapers, magazines, e-liquid, greetings cards, cigarettes and household products are some of the ranges the shop offers. The shop also offer extra services which provide a further income, such as the National Lottery, Payzone, scratch cards, UPS parcel collection and a newspaper delivery round.

The business offers a newspaper delivery round generating a good steady weekly income of around £2,000 per week. Paypoint and Payzone commission generates a weekly income of circa £200 and Lotto Sales around £1,500 per week.

The shop is currently generating an advised turnover of around £395,000, with a gross profit of 15% as of the 2016 accounts. Although this is a healthy turnover, we feel this figure could be further increased. The new owner should look to open later in the evenings. Extending opening hours should allow for more custom each day.

The purchaser could also look to cover more stock ranges. Adding the sale of alcohol could hugely benefit this business. The property is a substantial size and so with extra shelving and display racks there will be more space for new product lines.

This is a Freehold opportunity that includes a three bedroom owner’s accommodation. The house is ready to be moved into and has been well-maintained by our clients. All equipment in the shop is included in the sale.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Kellys Newsagents is located in Ferryhill, County Durham.

The newsagent is situated on an arterial road in the town of Ferryhill. This is a residential location, from which the business derives much of its trade. The shop is a 2 minute drive away from the town centre, where there is a variety of independent retail outlets. Close by, there is a driving school, pub, bicycle shop and several more businesses.

Ferryhill has all amenities and has a great town council. The town is in the centre of County Durham, a short distance from larger towns. In 2011 there was a population of around 11,000 this has increased slightly over the years.

The road on which the business is located runs from the centre of Ferryhill and connects to the A1 motorway at junction 60. The town centre is approximately just a 20 minute drive away from Durham and a 30 minute drive from Middlesbrough.

The town also has excellent public transport, with two bus stops directly outside the property. The closest train station is in Bishop Auckland.

PREMISES
Kellys Newsagents is located on the main street through the town. The double fronted shop is well signed with The Sun branding. The property is presentable and clearly visible to passing trade.

The owner’s accommodation has its own access from the street, to the left of the shop.

The retail area is open plan with perimeter shelving and display stands for newspapers, magazines and cards. The shop boasts approximately 63 sq. meters of floor space. The shop could benefit from central isles to utilise the large space.

There are 2 fridges, one for pop and the other for dairy, as well as a freezer. The serving area is to the right-hand side of the shop and is equipped with a full EPOS till, lottery terminal and cigarette gantry. Behind the counter are shelving for stock.

There is storage space to the rear of the shop and behind the serving counter. Access to the owner’s accommodation is also from the rear of the counter.

The shop benefits from a four camera CCTV system.

Equipment included in the sale-
Counter
Lottery terminal
Scratch card dispenser
Till
Cigarette gantry
Shelving
Racks
Card rack
The Sun newspaper rack
Open front drinks chiller
Two single glass fronted fridges

The ground floor of the accommodation is made up of a spacious living room and kitchen. There is also a hall providing access to stairs that lead up to the first floor.

The first floor is made up of 2 good sized double bedrooms, a single bedroom and a bathroom with bath. All the rooms in the property are an excellent size and feel bright and airy.

At the back of the property is a yard, this is used for storing bins and as a garden space for the house. There is access to the back of the property from the yard.

The area benefits from free on street parking both to the front and side of the property.


TENURE
We are advised the business is being sold as a Freehold opportunity.

HOURS
The business opening hours-

Monday: 4:15am – 6:16pm
Tuesday: 4:15am – 7:30pm
Wednesday: 4:15am – 7:30pm
Thursday: 4:15am – 6:16pm
Friday: 4:15am – 7:30pm
Saturday: 4:15am – 7:30pm
Sunday: 4:30am – 1:15pm

STAFF
The business is run and managed by our clients, with the help of one member of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £395,000 as of the 2016 accounts.
Gross profit 15%

The below is based on average weekly takings: -
News sheet’s - £2,000
Paypoint/Payzone commission - £200
Lottery Sales - £1,500


BUSINESS

Hilton Smythe welcomes to the market Kellys Newsagents. The business was originally established in the 1960’s and was taken over by our clients in 2004. The owners have run this business to a high standard and are now looking to sell, due to the desire to focus on other interests.

The business runs as a newsagent selling an excellent range of products. Confectionery, newspapers, magazines, e-liquid, greetings cards, cigarettes and household products are some of the ranges the shop offers. The shop also offer extra services which provide a further income, such as the National Lottery, Payzone, scratch cards, UPS parcel collection and a newspaper delivery round.

The business offers a newspaper delivery round generating a good steady weekly income of around £2,000 per week. Paypoint and Payzone commission generates a weekly income of circa £200 and Lotto Sales around £1,500 per week.

The shop is currently generating an advised turnover of around £395,000, with a gross profit of 15% as of the 2016 accounts. Although this is a healthy turnover, we feel this figure could be further increased. The new owner should look to open later in the evenings. Extending opening hours should allow for more custom each day.

The purchaser could also look to cover more stock ranges. Adding the sale of alcohol could hugely benefit this business. The property is a substantial size and so with extra shelving and display racks there will be more space for new product lines.

This is a Freehold opportunity that includes a three bedroom owner’s accommodation. The house is ready to be moved into and has been well-maintained by our clients. All equipment in the shop is included in the sale.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

LOCATION

Kellys Newsagents is located in Ferryhill, County Durham.

The newsagent is situated on an arterial road in the town of Ferryhill. This is a residential location, from which the business derives much of its trade. The shop is a 2 minute drive away from the town centre, where there is a variety of independent retail outlets. Close by, there is a driving school, pub, bicycle shop and several more businesses.

Ferryhill has all amenities and has a great town council. The town is in the centre of County Durham, a short distance from larger towns. In 2011 there was a population of around 11,000 this has increased slightly over the years.

The road on which the business is located runs from the centre of Ferryhill and connects to the A1 motorway at junction 60. The town centre is approximately just a 20 minute drive away from Durham and a 30 minute drive from Middlesbrough.

The town also has excellent public transport, with two bus stops directly outside the property. The closest train station is in Bishop Auckland.

PREMISES

Kellys Newsagents is located on the main street through the town. The double fronted shop is well signed with The Sun branding. The property is presentable and clearly visible to passing trade.

The owner’s accommodation has its own access from the street, to the left of the shop.

The retail area is open plan with perimeter shelving and display stands for newspapers, magazines and cards. The shop boasts approximately 63 sq. meters of floor space. The shop could benefit from central isles to utilise the large space.

There are 2 fridges, one for pop and the other for dairy, as well as a freezer. The serving area is to the right-hand side of the shop and is equipped with a full EPOS till, lottery terminal and cigarette gantry. Behind the counter are shelving for stock.

There is storage space to the rear of the shop and behind the serving counter. Access to the owner’s accommodation is also from the rear of the counter.

The shop benefits from a four camera CCTV system.

Equipment included in the sale-
Counter
Lottery terminal
Scratch card dispenser
Till
Cigarette gantry
Shelving
Racks
Card rack
The Sun newspaper rack
Open front drinks chiller
Two single glass fronted fridges

The ground floor of the accommodation is made up of a spacious living room and kitchen. There is also a hall providing access to stairs that lead up to the first floor.

The first floor is made up of 2 good sized double bedrooms, a single bedroom and a bathroom with bath. All the rooms in the property are an excellent size and feel bright and airy.

At the back of the property is a yard, this is used for storing bins and as a garden space for the house. There is access to the back of the property from the yard.

The area benefits from free on street parking both to the front and side of the property.


TENURE

We are advised the business is being sold as a Freehold opportunity.

HOURS

The business opening hours-

Monday: 4:15am – 6:16pm
Tuesday: 4:15am – 7:30pm
Wednesday: 4:15am – 7:30pm
Thursday: 4:15am – 6:16pm
Friday: 4:15am – 7:30pm
Saturday: 4:15am – 7:30pm
Sunday: 4:30am – 1:15pm

STAFF

The business is run and managed by our clients, with the help of one member of staff.

FINANCIAL PROFILE

The business generates a turnover in the region of £395,000 as of the 2016 accounts.
Gross profit 15%

The below is based on average weekly takings: -
News sheet’s - £2,000
Paypoint/Payzone commission - £200
Lottery Sales - £1,500



£165,000
Seller Details
Telephone: Login to view
Agent Name: Login to view
Advert Reference: Login to view
Listing Details
Freehold Price: £165,000
Tenure: Freehold
Sector: Newsagents, Off Licences, Convenience Stores
Financials
Annual Turnover: £395,305
Key Features
  • Price Reduced
Location Statistics
What's nearbyi:
Emery Van & Truck Rental Ltd (approx. 0 mile)
The Garth (approx. 0 mile)
The Garth Sheltered Scheme (approx. 0 mile)
St. Luke's Church (approx. 0 mile)
Corner Electrical Ltd (approx. 0.1 mile)
Durham Police - Ferryhill Police Station (approx. 0.1 mile)
Lime Road - Chestnut Road (approx. 0.1 mile)
stormfast weatherproofing ltd (approx. 0.1 mile)
Lockedtight Locksmiths (approx. 0.1 mile)
Shaw David L (approx. 0.1 mile)
Listing Statistics
Premium Stats
Impressionsi: Login to view
Enquiriesi: Login to view
Interestedi: Login to view
Watchingi: Login to view
Date Ad Submitted: Login to view
Last Viewedi: Login to view
Last Updatedi: Login to view
Last Enquiry Received: Login to view
Request More Details
Or, arrange a viewing
Contact the seller for more details, or book a viewing
SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion
Tip:
Be specific on the type of details you wish to receive from the seller. This, encourages communication with both yourself and the seller and makes the process smoother.
FAQ:
After my message, what's next?
The seller will be notified instantly that you have sent a message. Please note that replies made back are entirely dependable on the seller.
How will I know the seller has replied?
Once the seller has read your message and replied to you. You will be notified immediatley via email. If the seller is using an agency/broker on their behalf, then an agent will be in touch with you either via your contact number or email.

Related Businesses for Sale

Off Licences
Convenience Stores
Newsagents
Disclaimer
The data showed regarding this advert 'Kellys Newsagents Ferryhill County Durham DL17 8AS - 13237 A / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.