Are you looking for a well-established and family-operated business with an excellent location? This newsagent, situated inside a bustling post office, has been serving the community for an impressive 50 years, with the current owners at the helm for the past 20 years. The asking price for this thriving business is £20,000 plus stock at valuation (SAV).
The business operates with convenient hours: Monday to Friday from 07:00 to 18:00, Saturday from 07:00 to 18:00, and Sunday from 08:00 to 13:00. Despite not selling alcohol, the shop enjoys a healthy turnover with a £300 news sheet (counter sales only) and retail sales ranging between £3,000 and £4,000 per week. Additionally, the business earns £100 in lottery commission each week.
One of the significant advantages of this business is its low overheads, approximately £9,000 per annum, and no alcohol sales, making it easier to manage. The location is prime, situated near a school and next to a popular sandwich shop, ensuring plenty of passing trade on a main road. There’s also significant potential to increase business by extending the opening hours.
A new 15-year internal lease will be granted to the new owner, subject to landlord approval, with an annual rent of £5,980 and rent reviews every five years. This opportunity is perfect for anyone looking to take over a successful, low-overhead business with a loyal customer base and room for growth.
There is vast scope to increase turnover
Low cigarette sales and high profit margins
Low operational overhead
Prime main position on busy parade
High footfall area
