Newsagent / General Store In Town Centre Location for Sale
Leasehold : £ 49,995
Turnover : £ 7,500 p.w.
Town Centre Location
Express Business Sales are proud to offer for sale this well established business opportunity – massive potential to increase revenue further and competitively priced for a quick sale.
The business is located on a busy pedestrian High Street location benefiting from both repeat and passing trade. There is extensive free parking in the town and the train station is in very close proximity. The bus station is also nearby. A nearby school and college provide a good source of regular trade.
The shop is double fronted and with internal shutters. The interior is well presented with a laminate effect vinyl flooring, suspended ceiling, modern shelving and numerous display fridges. There is a large stock room to the rear, a WC and stairs leading down to the cellar, providing more storage space. Deliveries can be made via a rear access.
Our client started the business in 2012 and we are reliably informed that the turnover has been steadily increasing since opening and now is at approximately £7,500 per week, hence offering the opportunity to increase further by the purchaser.
The shop offers for sale a variety of goods including: newspapers, tobacco, confectionary and soft drinks, greeting cards, mobile phone accessories, e-cigarette products and a small selection of toys. Paypoint services are also available. The E-cigarette sales in particular have seen substantial growth with very little competition in the town, thus offering a great potential to increase sales further in this category.
Trading hours – Mon –Fri 7.00AM-6.00PM
Employees – the business is currently run by the 2 owners.
A 20 year lease, which started in 2012 is in place. There are rent reviews every 5 years, the next one being in 2022. There are also tenant break clause options at each rent review.
REASON FOR SALE
Our client is relocating back to his home town due to other commitments.
There is a massive opportunity to substantially increase the solid sales the shop is currently achieving by introducing several lines including:
- An off licence (subject to the necessary permissions)
- Lottery terminal and scratchcards
- A convenience section
- food on the go – sandwiches, baguettes etc
- tea/coffee machine
- adding to and concentrating on the E-cigarette selection
£49,995ono for the goodwill, fixtures and fittings and the leasehold interest (stock at valuation).
||Mon –Fri 7.00AM-6.00PM
||The business is currently run by the 2 owners.
||A 20 year lease, which started in 2012 is in place. There are rent reviews every 5 years, the next one being in 2022. There are also tenant break clause options at each rent review.