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Preferred Commercial is delighted to offer to the market this busy traditional newsagent and sweet shop, which was established in excess of 100 years ago and has been in the careful hands of out clients for the past 23 years. It is only now, reluctantly being offered to the market due to their wish to retire. The business occupies a semi-detached 2 storey premises with a double fronted retail area. The shop generates a turnover of approximately £354,000 per annum with a gross profit of 27%. There is scope to increase turnover further with the introduction of longer opening hours, obtaining an alcohol license and applying for the Lottery. The newsagents has 14 morning rounds, 5 evening rounds and 14 Sunday rounds with a newssheet of approximately £3,000 per week. The business further benefits from comfortable self-contained living accommodation, which could be used by the owners or let out to provide further income. We feel this is an ideal opportunity for a couple or a partnership looking for a business in such a popular and affluent coastal resort. Viewing is highly recommended to fully appreciate the opportunity this shop offers.
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