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Leasehold Newsagents Located In Warwick For Sale

Warwick, Warwickshire, UK
Asking Price:
£49,950 Furniture / Fixtures included
Turnover:
£234,000
Net Profit:
Under £50K

Established Newsagents located in Warwick. Prominent main road location. New lease available. Genuine retirement sale. Potential to add an off-licence.

Veritas Business Sales are delighted to offer for sale this outstanding Newsagents which is located in Warwick. The business has been established for over 50 years and has been in the careful hands of our client for the past 29 years. The newsagents is now being offered for sale is so that our client 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 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. Castle Newsagents is owner operated with the help of 1 part time member of staff and has an average weekly turnover of £4,500 with additional income from National Lottery sales of £1,500 per week. They retail a fine range of products to include groceries, stationary, cold drinks, milk, confectionery, magazines, newspapers greeting cards, medicines, toiletries and tobacco products. Other services include payzone and a photocopying service. We believe that there is further potential to increase trade by expanding upon the current opening times and maybe adding an alcohol licence. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. 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 is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

New lease available
Term: negotiable
Rent: £11,500 pa
Rates: zero

Leasehold Rent:

£11,500 per annum

Location:

This respected Newsagents is located in the historic town of Warwick which is one of Warwickshire’s popular tourist hotspots. Situated within a prominent and highly visible trading position on a busy junction where the A429 meets St Johns and the A445. The immediate area offers an array of retail shops, bars, restaurants and residential properties. Just a short stroll away you have St Nicholas Park and Warwick Train Station which offers direct access to London Marylebone. The town offers easy access to Royal Leamington Spa (3.2 miles) and Stratford Upon Avon (9.7 miles).

Premises Details:

Ground Floor
Retail sales area comprising: serve over sales counter with lottery terminal, tobacco cabinet, cash register (Casio), photocopier (Ecosys), news/magazine display shelves, greeting card display shelves, sales & display shelving, 2 x ice cream freezers, double door drinks chiller and single door drinks chiller.
Hallway with rear entrance door. Stockroom with shelving and tea & coffee area.
W/C with wash basin.

The shop benefits from CCTV (3 camera system) and an intruder alarm.
There is a 1 bedroom flat above that may be available at separate negotiation.

External
Rear parking for (1), yard area and shared service road.

EPC Rating D

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 5.30am – 6.30pm
Sunday – 5.30am – 4.00pm

Employees:
1 part time
Years established:
50 years

Other Information

Inventory / Stock value:
£9,000

Contact Information

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