Retail

Other Retail Trade

Advent Business Sales have been instructed to offer for sale this very well established and popular newsagents. In the careful ownership of the current vendors for the last 19 years, it is now reluctantly offered for sale due to the imminent retirement plans. The vendors own the freehold of the property and has carefully separated the living accommodation and the retail premises, to generate a further rental income. This is a very popular newsagent with a high concentration of magazines. The majority of newspaper sales are counter trade with the addition of 1 morning, 1 evening and 1 Sunday round offered. Further sales are generated through sales of confectionery, cigarettes, greetings card, stationery, general household goods, groceries and fresh sandwiches. There is also a high demand for phone top ups and international phone cars due to the large student population nearby. Although this business is offered as a lock up premises, there is a spacious 2 bed living accommodation above the premises, which is available to let by separate negotiation. The vendors, a husband and wife team currently staffs the business. TRADING HOURS Mon-Fri: 6.30am – 7.00pm Sat: 8.00am – 6.00pm Sun: 8am – 2pm EXPANSION POTENTIAL The business offers excellent potential for growth and expansion this could include: 1. Adding an off licence 2. Applying for the lottery and include payzone or pay point 3. Increase stock lines and ultimately increasing opening hours 4. Add variations of continental groceries and convenience products. FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: £156,000 Gross Profit: 20% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES A double fronted corner positioned premises on a busy main road with the added security of an alarm system throughout and consisting of the following: Ground Floor • Corner entrance leading into main sales area • Display perimeter racking for magazines, cards, stationery • 2 x double fridge cabinets • 1 x ice cream chest freezer • Counter to rear of the shop with cigarette gantry • Rear door leading to 2 stockrooms • W/c • Access door leading to shared yard • The premises benefit from a good air conditioning system External • Separate shared rear access • Paved to road at front TENURE: Leasehold Original lease: TBC Remaining lease: TBC Review every: TBC Rent: TBC We are advised that the annual business rates are currently: £490 VIEWING Please DO NOT approach the business or its employees without a prior appointment. All appointments are to be made via our office.

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