Freehold Newsagents located in Helston, Cornwall. Established business with 4 bedroom self-contained accommodation above. Scope to increase revenue should you wish. Genuine retirement sale. Ideal husband & wife business.
Veritas Business Sales are delighted to offer for sale this delightful Newsagents which is located in the Cornish town of Helston. The business has been established for over 60 years and has been in the careful hands of my client for the past 10 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement.
Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 2 part time members of staff and has an annual turnover of £304,031 net of VAT with a gross profit of £84,512 (27.8%). JJ News retails a range of products such as newspapers (only newspaper delivery agency within a 10 mile radius), magazines, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, loose tobacco, pipes, e cigarettes, vape products and stationary.
We believe that there is further potential to increase trade by offering additional services, maybe adding an off-license and extending upon the current opening hours. There are a number of new housing developments being built within the area which would give potential to increase the newspaper delivery rounds and bring increased levels of footfall to the area. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.