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Family Run Newsagents Dartmouth For Sale

Dartmouth, Devon
Asking Price:
£495,000
Turnover:
£300,013
Net Profit:
Available on request

Business
With immense history and in the family since 1919, our clients are now the only remaining family operators of this traditional business. Our clients are now wishing to take their well-earned retirement.

A long established and thriving confectionery, tobacco, news, and incidentals store; this is definitely one of the oldest surviving family businesses in Dartmouth. The retail space current sells newspapers and magazines, greetings cards and gifts, confectionery, tobacco, beach and tourist incidentals, toys & games, and many more general items.

Excellent annual accounts and financials are available for what is a very profitable Freehold opportunity, that has recently celebrated its 97th anniversary.

A multifaceted business that caters for all, it even takes in your dry cleaning.

Catering for a strong, regular, local, and repeat customer base, the business also benefits largely from tourism and carries excellent goodwill for a new husband and wife team to build upon.

Further scope exists:
Complete alternate use of the building, change of use, or residential conversion subject to the relevant permissions.
Add local news rounds.
Sub-let the upper floors.
Extend opening hours.

Location
Dartmouth, Devon.
Short step from harbour and seafront.
Busy thoroughfare in popular tourist town.
Close to other independent and complimentary operators.
Local population circa 6,500, plus regular annual tourism.
Main hub, central business area, adjacent on street parking bays.

Premises
Dartmouth, Devon.
Short step from harbour and seafront.
Busy thoroughfare in popular tourist town.
Close to other independent and complimentary operators.
Local population circa 6,500, plus regular annual tourism.
Main hub, central business area, adjacent on street parking bays.

Tenure
This is a Freehold opportunity.

Hours
Monday to Friday: 9am – 5pm

Staff
2 Person family partnership operation.

Financial Profile
Excellent historic accounts and financials, the most recent year end showing a turnover of £300,013 with a bottom line net profit of £43,396. Gross profit 27%.

Property information

Property:

Freehold

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