Freehold Newsagents And General Convenience Store For Sale

Business description

Freehold Newsagents And General Convenience Store For Sale In Staffordshire.

Turnover £418,300 pa with excellent profit returns
Sizable 2 storey property with excellent storage
Busy commercial area in Meir, Stoke on Trent
Ideal lifestyle change opportunity
Scope for further development
Trading for over 50 years
FREEHOLD


Business History

Meridian Business Sales are delighted to offer for sale this very busy newsagents which has a proud history dating back to the 1950s. The business has been owned by our client since 1990 and is only now placing it onto the market due to his strong desire for semi-retirement. The business which is run and managed by our client with the assistance of a few staff achieves a very respectful annual turnover of £418,300 derived from selling newspapers, magazines, greetings cards, general convenience goods and associated products. The business benefits hugely from being situated in a very high foot fall area which contributes to a very stable and consistent turnover throughout the year. The area sees a very high amount of passing trade from the through road access which makes the business an easy convenience for motorists. The property also offers sizable first floor space which could be converted to residential living accommodation giving a new owner a live on site solution or a profitable lettings income from a tenancy if desired. This is a very long standing and well known business operating in a very busy area. We feel that this opportunity provides a new owner with an excellent base to build upon and we urge early viewing of this excellent business.

Accommodation

Well presented 2 storey properties comprising of open plan front shop, rear sizable storage, first floor continued storage which would suit private living accommodation, well equipped and very secure.

GROUND FLOOR
Full roller shutter front security, glass fronted shop, secure entrance, open plan shop comprising of;
Central display island, wall fixed product displays and shelving's including specialist racking for magazines, newspapers, cards, confectionary ect. 3 x drinks display fridges, ice cream chest freezer, glass fronted serving counter, rear sweets and cigarette displays, access to private areas.

Landing accessing stairs, basement storage area with wooden racking and rear exit door, stairs accessing first floor

FIRST FLOOR
Currently used for additional storage but would be ideal for private living conversion
Landing accessing
Storage cupboard
Toilet with wash basin
2 x large storage rooms (bedrooms)
Counting office (additional living space)
Front large storage room (living room)

Property information

Property:

Freehold

Location:

This superb opportunity benefits from having an excellent trading location in Meir, Stoke on Trent. The business sits amongst a row off commercial style properties on the areas busy main High Street. The newsagents has an excellent variety of neighbouring commercial businesses and retailers which draws shoppers and visitors to the area throughout the year. The High Street also acts as a major through road which sees a very high amount of travellers and commuters on a daily basis. The location also benefits from having many residential houses and flats within walking distance supplying local residential customers year on year. Stoke on Trent is a highly desirable business and residential location due to its excellent shopping facilities, affordable housing, good schools and NHS services and neighbouring countryside. There are several popular towns and villages close to Stoke on Trent including Newcastle under Lyme, Stone and Uttoxeter to name a few. Stoke on Trent also benefits from being easily accessed via the M6 Motorway which is situated less than 5 miles away making visiting and commuting very easy.