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Freehold Newsagents In Cleadon For Sale

Cleadon, Tyne and Wear, UK
Asking Price:
£140,000 Furniture / Fixtures included
Turnover:
£270,000
Net Profit:
Available on request

• Sales currently £6,000 weekly with high margins.
• Long established and reputable business.
• Located in the heart of a sought-after suburb.
• Ground Floor property with return frontage.
• Ideal opportunity for owner operators.
• Freehold £140,000 plus stock.

Property Information

Property:

Freehold

Location:

This business forms part of a small suburban shopping area at the entrance to a pleasant residential estate on the outskirts of Cleadon Village.

This is an affluent area popular with a broad range of residents and there is good access to the rest of the region via road and public transport with the added benefit of a Metro Station at nearby East Boldon which links both Newcastle and Sunderland.

Premises Details:

This is a long-established newsagent business which has been trading from the site for decades but under the current ownership since 2004. The business has been placed on the market as our client is considering retirement.

The shop is a traditional CTN but over the past few years has developed to stock additional lines which include some convenience goods, fruit & veg, sandwiches and even artisan bakery products twice weekly. There is a good selection of drinks, ice creams and confectionery plus a coffee machine and there are strong levels of captive trade from the residents. Passing trade is supported by the ample pull in parking and the visibility from the busy road.

The shop operates 6 morning local newspaper delivery rounds and the newspaper bill is circa £1,800 per week. Viewing is recommended to appreciate this rare opportunity.

Premises:

Comprising a ground floor lock up unit.
Ground Floor
Sales Area circa 350 sq.ft. (33 sq.m)
Office / Store circa 160 sq.ft. (15 sq.m.)
W.C.

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Mon - Thurs 6.00 am - 2.00 pm
Friday 6.00 am - 5.30 pm
Saturday 6.00 am - 4.00 pm
Sunday 6.00 am - 10.00 am

Employees:
The business is operated by our clients (2) with the help of 4 part time members of staff. The annual wage bill is circa £30,000 per annum.

Contact North East Commercial

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