High Turnover Newsagents/Convenience Store in Stoke on Trent Staffordshire for Sale
Stoke on Trent, Staffordshire
- Status
FOR SALE
- Date Submitted:
27/05/21
- Advert ID
277274
- Reference
B06188 / Rightbiz
- Call Agent:
- Leasehold: £55,000
- Turnover: £173,032 (£3,328 Per week)
- Net Profit: Not Applicable
Business Details
Well Established Newsagents Convenience Store for sale
BusinessPlease quote reference B06188
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Boden News which is a well-established Newsagents and convenience store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a Newsagents at this site since the 1930’s and the previous owners, a husband and wife team ran it successfully and lucratively for over 30 years enjoying turnover at that time, in the region of £312,000 per annum (pre covid). The current owner has owned the business since 2020 and it was his intention to build the business up even more and introduce new product lines and services.
The business is now being sold, albeit reluctantly and with a heavy heart only due to his need to concentrate on his other business interest.. The vendor is keen to see his beloved newsagents and convenience store pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Boden Newsagents sells a wide range of products including:
- Tobacco and vaping products
- Newspapers and magazines
- Confectionery
- Crisps and snacks
- Cold drinks
- Hot coffees
- Beers, wines and spirits
- Household goods
- General groceries
- Frozen food
- Ice creams
- Bread and cakes
- Dairy products
Reasons to Buy:
- A well-established business with an enviable reputation and many regular customers
- Prime trading position on a busy main road
- All fixtures and fittings included making this a real ‘Turnkey’ business opportunity
- Ideal owner managed or partnership business
Location
Boden News is located on Stoke-On-Trent.
Stoke-On-Trent is the largest city in Staffordshire with a population of 249,008. Stoke is linked to the nearby M6 motorway at Junctions 15 and 16 by the A500.
The business is ideally positioned in the busy shopping centre in the city and thus benefits from high levels of footfall and passing trade. The business is nicely presented and maintained with clear visible signage and distinctive livery.
Premises
Double fronted with roller shutter security, windows to each side and glazed door creating a light, airy and inviting interior, suspended ceiling with concealed lighting, vinyl tiled effect flooring , perimeter shelving, bespoke counter with generous wrapping area, cigarette gantry behind, Amazon parcel counter, confectionery shelving, crisps and snacks racking, long open dairy chiller, long drinks chiller, hanging space for sweets etc, glass topped ice cream freezer, magazine and paper racking.
WC with close coupled toilet and hand wash basin.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 9 years remaining on the 10 year lease. The rent is £21,750 per annum and has £0 rates payable for 2021/2022.
Hours
The business hours are currently (Licenced 6am to 10pm)-
Monday – 07:00 – 19:00
Tuesday – 07:00 – 19:00
Wednesday – 07:00 – 19:00
Thursday – 07:00 – 19:00
Friday – 07:00 – 19:00
Saturday – 07:00 – 19:00
Sunday – 07:00 – 13:00
Staff
We are advised that the business is owners run and managed.
Financial Profile
We are advised that the business generated a turnover in the region of £173,000 per annum, as per the 2022 accounts. Full financials can be made available upon further request.
Please quote reference B06188
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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