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Excellent Unopposed Business
Annual Turnover £767,323
Gross Profit £132,864
Rent £96 Per Week
Multiple Income Streams
EPC - E
REF 5473 – Leasehold Convenience Store and Newsagents
Blacks Brokers are proud to bring to the market this leasehold, licenced, convenience store and newsagents business located in the much sought after area of Kinmel Bay, Rhyl.
Harry’s Newsagents has been trading from Chester Avenue for around 30 years and over that time it has firmly established itself within the local community.
Kinmel Bay is in the ever popular and busy town of Rhyl. Kinmel Bay is part of a large urban area which includes Abergele, Bodelwyddan, Pensarn, Towyn, Rhyl and Prestatyn, These are also tourist areas well used by holidaymakers and the areas are home to various caravan sites.
The business itself is positioned well within a highly populated residential area, approximately one mile from the coast. There is free roadside parking to the side of the business and two large schools nearby.
REASON FOR SALE
Harry’s Newsagents is only being offered for sale as our client is looking to emigrate.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 7 years and began 2012 at a cost of £96 per week.
BUILDING LAYOUT AND DESIGN
Harry’s Newsagents is housed within a large, single storey, detached retail unit. The shop is well branded and has large signage on display to the front. Inside, the shop is well stocked with products displayed on central gondolas and central shelving units. There are also display fridges, freezers, racking and wall units. The shop has tiled flooring throughout, with bright lighting and product signage displayed. There is a large and tidy stock room to the rear of the unit and a delivery bay.
Harry’s Newsagents is currently run and managed by our client only with no other staff in place.
Financial details are available upon a viewing of the business and Harry’s Newsagents has traded solidly over its trading history. The business currently generates an annual turnover of £767,323 with good gross profits and a diverse income stream, with lottery £52,000 per annum, paypoint £104,000 per annum news sheet £26,000 per annum and off licence in place. Most customers are from the local area as one would expect, with additional passing trade from local visitors.
This leasehold business is exceptionally well known within the area and has a large and loyal customer base in place. 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.
MON: 07:00 - 21:00
TUE: 07:00 - 21:00
WED: 07:00 - 21:00
THU: 07:00 - 21:00
FRI: 07:00 - 21:00
SAT: 07:00 - 21:00
SUN: 08:00 - 18:00
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