Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Profitable Newsagent/Convenience Store In Needham Market, Suffolk For Sale

Needham Market, Suffolk, UK
Asking Price:
£40,000 Furniture / Fixtures included
Turnover:
£716,070
Net Profit:
Under £50K

Refitted and well presented lock up business with new private lease available. Established over 30 years with current owners trading for over 14 years, sale due to retirement.

Excellent trading position on prominent High Street corner in a charming Suffolk expanding town. High turnover for a business of this size, full accounts available to serious buyers after viewing.

Rates £0, covered by small business rate relief. Sales area approximately 53 square meters, price includes all fixtures and fittings (3 new upright fridges with doors, purchased in 2023, 1 Upright Freezer, 1 x Small Wine chiller fridge, 2 x till EPOS system, Air Conditioning, Recordable CCTV, Fully monitored Alarm System, Full adjustable metal shelving, Magazine and Card Racks, Ice Cream Freezer, Small chest storage freezer.) Storeroom 1: shelved, Office, Storeroom 2: fitted with shelves, kitchen area and 2 x Chillers, Staff WC and side delivery entrance. Lottery retailer.

The shop currently operates 13 newspaper delivery rounds plus counter newspaper and magazine sales. Weekly news bill £3800. Stock additional to purchase price charged at value. (Approx £20000).

Property Information

Property:

Leasehold

Lease Terms:

The landlord happy and prepared to negotiate new lease.

Leasehold Rent:

£12,000 per annum

Location:

Needham Market, Suffolk on the B1113, which runs parallel to the A14 linking Stowmarket and Ipswich

Premises Details:

Lock up premises, trading area, store rooms, kitchen, toilet and rear entrance. The premises are covered by CCTV and a monitored Alarm system. Rear access available via Landlords gated yard.

Business Operation

Expansion Potential:

The current owners close the shop at 5.00pm, therefore there is potential for later opening into the evening and Sunday afternoons. Possible expansion of sales area into current stock room area. We currently undertake 15 grocery deliveries per week which give the potential to expand with further advertising.

Competition / Market:

Normal competition from Co op Store and Premier but Needham Market is expanding rapidly with a housing project awaiting completion opposite the shop.

Reasons for selling:

Retirement Sale

Trading hours:

Mon-Sat 5.00am-5.00pm
Sun 6.00am-1.00pm

Employees:
4
Years established:
30 plus

Other Information

Support & training:

1 week full training available if required.

Furniture / Fixtures value:
£15,000 - included in the asking price