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Freehold News & Convenience Store For Sale

Halifax, West Yorkshire, UK
Asking Price:
£399,950
Turnover:
£500K - £1M
Net Profit:
Not applicable

Sovereign are pleased to bring to the market a freehold commercial property in conjunction with a newsagent, this high turnover and profitable store with spacious five bedroomed family living accommodation, located in Halifax is managed and run by the present owners for 27 years.

This convenience store has a regular customer base and well known amongst the local community situated in a desirable trading location capitalising on day and night custom. Our client has ensured the business has an excellent reputation. The business offers a wide range of beers, wines, spirits, cider, confectionary, food (chilled and frozen) and other sundries.

The retail area is a substantial 1,000 square foot space selling sort after newsagent stock, magazines, and papers. Alcohol lotto scratch cards and pay zone form part of the business contributing to a good weekly turnover of circa £14,500 with an estimated gross profit of 18%, Pay zone £3,000 lotto £1,500 and news sheet £2,000 making this a lucrative business. There is a cellar for storage and the shelves are well stocked and laid out to enhance the outlet. Also the newsagent benefits from being a Hermes outlet securing £3,000 per year in agency commission.

In summary, this well placed business shows impressive takings on a consistent basis and has shown continuous growth throughout the pandemic. There is plenty of scope to develop the business further with the implementation of an ecommerce website with ordering capabilities and expansion of other existing offerings. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business ID: 2848
Average Weekly Retail Sales £14,500, Lotto £1,500, Pay zone £3,000
Spacious 5 Bed Family Living Accommodation
Vast Scope To Introduce An Online Sales Platform
Prime Sought After Location
Excellent Footfall
Genuine Retirement Sale

Property Information

Property:

Freehold

Contact Sovereign Business Transfer Limited

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