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Busy Newsagents In Newtown St. Boswells For Sale

Melrose, Scottish Borders
Asking Price:
£99,999
Turnover:
£300,000
Net Profit:
Available on request

Business
Hilton Smythe is delighted to welcome to the market this well-established newsagent business, ideally located within Newtown St. Boswells in the Scottish Borders.

The business was established in the 1990s and has been in our client’s careful ownership since 1999. Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement. The business currently operates 7 days per week and generates an excellent turnover in the region of £300,000 per annum, with a gross profit of approximately 22%.

Our client offers a wide variety of goods, including newspapers and magazines, dairy products, soft drinks, greeting cards, snacks, confectionery and tobacco products, to name a few. The property has a good sales and display area, which is fitted out to suit the trade. The business has been delivering newspapers to the village and surrounding countryside for many years and has a number of paper boys and girls.

The business has built up a good reputation within the area for the high quality of the goods and service offered, which has resulted in a loyal client base, with a high volume of repeat trade.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening later in the evening. A new owner could also embark on a newspaper delivery service or apply for an alcohol licence.

This is an excellent opportunity for a new owner to take this busy newsagents to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Location
Newtown Newsagents occupies substantial ground floor premises, ideally located within the quaint village of Newtown St. Boswells, within the historic county of Roxburghshire, in the Scottish Borders. The newsagents is situated within the centre of the village and is surrounded by complimentary shops and businesses, as well as many residential properties, from which the business derives much of its trade. The business benefits from on and off street parking facilities to the front of the premises.

Lying on Bowden Burn, Newtown St. Boswells is situated between the larger settlements of St Boswells to the south-east. The village is actually a very long established community, dating back to the medieval times. Today it is the home to the headquarters of the Scottish Border Council.

There are also 60 new houses being built with planning permission in the area so another 130 more to be built although the total outcome for house built are supposed to be excess of 600.

The area of the business is served by the public transport system, with a bus stop outside the property. The nearest railway station is in Berwick-upon-Tweed and is less than a 10 minute drive away and will take you into Edinburgh every half hour. The area is also well served by the A-roads, with the A68 being just a short drive away, which links to the national A-road and motorway networks. Berwick is approximately 33½ miles away and Galashiels is 8½ miles away.

Premises
Ground floor lock-up premises in a prime trading location, briefly comprising:
Main sales and display area with:
Serve over counter with electronic cash register.
Newspaper and magazine display areas.
Soft drink refrigerated unit.
Ice cream freezer.
Dairy refrigerator.
Food chiller unit.
Pie warmer.
Retail display stands.
General shelving.

To the rear:
Greeting card displays.
Shelving for books.
Storage area.

External:
Well signed.

The business has CCTV and alarm system.

Tenure
We are advised Freehold.

Hours
The business is open:
Monday – Friday: 5.00am – 6.00pm
Saturday – Sunday: 5.00am – 12.00pm

Staff
The business is owner run and managed with 4 x part time staff members.

Financial Profile
The business generates an excellent turnover in the region of £300,000 per annum, with a gross profit of approximately 22%.

Property information

Property:

Freehold

Contact Information

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  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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