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Freehold Newsagents And Accommodation For Sale

Ferryhill, Durham
Asking Price:
£175,000
Turnover:
£395,305
Net Profit:
Available on request

Business
Hilton Smythe welcomes to the market Kellys Newsagents. The business was originally established in the 1960’s and was taken over by our clients in 2004. The owners have run this business to a high standard and are now looking to sell, due to the desire to focus on other interests.

The business runs as a newsagent selling an excellent range of products. Confectionery, newspapers, magazines, e-liquid, greetings cards, cigarettes and household products are some of the ranges the shop offers. The shop also offer extra services which provide a further income, such as the National Lottery, Payzone, scratch cards, UPS parcel collection and a newspaper delivery round.

The business offers a newspaper delivery round generating a good steady weekly income of around £2,000 per week. Paypoint and Payzone commission generates a weekly income of circa £200 and Lotto Sales around £1,500 per week.

The shop is currently generating an advised turnover of around £395,000, with a gross profit of 15% as of the 2016 accounts. Although this is a healthy turnover, we feel this figure could be further increased. The new owner should look to open later in the evenings. Extending opening hours should allow for more custom each day.

The purchaser could also look to cover more stock ranges. Adding the sale of alcohol could hugely benefit this business. The property is a substantial size and so with extra shelving and display racks there will be more space for new product lines.

This is a Freehold opportunity that includes a three bedroom owner’s accommodation. The house is ready to be moved into and has been well-maintained by our clients. All equipment in the shop is included in the sale.

This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Location
Kellys Newsagents is located in Ferryhill, County Durham.

The newsagent is situated on an arterial road in the town of Ferryhill. This is a residential location, from which the business derives much of its trade. The shop is a 2 minute drive away from the town centre, where there is a variety of independent retail outlets. Close by, there is a driving school, pub, bicycle shop and several more businesses.

Ferryhill has all amenities and has a great town council. The town is in the centre of County Durham, a short distance from larger towns. In 2011 there was a population of around 11,000 this has increased slightly over the years.

The road on which the business is located runs from the centre of Ferryhill and connects to the A1 motorway at junction 60. The town centre is approximately just a 20 minute drive away from Durham and a 30 minute drive from Middlesbrough.

The town also has excellent public transport, with two bus stops directly outside the property. The closest train station is in Bishop Auckland.

Premises
Kellys Newsagents is located in Ferryhill, County Durham.

The newsagent is situated on an arterial road in the town of Ferryhill. This is a residential location, from which the business derives much of its trade. The shop is a 2 minute drive away from the town centre, where there is a variety of independent retail outlets. Close by, there is a driving school, pub, bicycle shop and several more businesses.

Ferryhill has all amenities and has a great town council. The town is in the centre of County Durham, a short distance from larger towns. In 2011 there was a population of around 11,000 this has increased slightly over the years.

The road on which the business is located runs from the centre of Ferryhill and connects to the A1 motorway at junction 60. The town centre is approximately just a 20 minute drive away from Durham and a 30 minute drive from Middlesbrough.

The town also has excellent public transport, with two bus stops directly outside the property. The closest train station is in Bishop Auckland.

Tenure
We are advised the business is being sold as a Freehold opportunity.

Hours
The business opening hours-

Monday: 4:15am – 6:16pm
Tuesday: 4:15am – 7:30pm
Wednesday: 4:15am – 7:30pm
Thursday: 4:15am – 6:16pm
Friday: 4:15am – 7:30pm
Saturday: 4:15am – 7:30pm
Sunday: 4:30am – 1:15pm

Staff
The business is run and managed by our clients, with the help of one member of staff.

Financial Profile
The business generates a turnover in the region of £395,000 as of the 2016 accounts.
Gross profit 15%

The below is based on average weekly takings: -
News sheet’s - £2,000
Paypoint/Payzone commission - £200
Lottery Sales - £1,500

Property information

Property:

Freehold

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