Newsagent Convenience Store Northampton Offers Invited For Sale

Business description

Phoenix Business Agents are delighted to place onto the market this thriving business was established in approximately 1980. Our client’s have owned the business since 1986 and now wish to sell due to retirement.

The concern retails; newspapers, magazines, confectionary, tobacco and a large array of convenience items.
There is also a large stationary and card section as well as Lottery, Pay Zone, Paypoint and Moneygram facilities

The business is family run and has a huge regular client base, including five local hotels and some local businesses to whom papers are delivered on a daily basis.

The turnover of the business is in excess of £750,000 with a gross profit of around 20 – 23%, the business is therefore very profitable. The rent is very competitive and only £13,500 per annum.

Due to the size of the premises there is ample opportunity to introduce new products.

Our clients would be available for a business familiarisation period if required.

Property information

Lease terms:

TENURE: Leasehold
ORIGINAL LENGTH: 15 Years
REMAINING: 07 years.
RENT: £13,500 per annum.

Living accommodation:

PROPERTY DETAILS Ground Floor Large double glass fronted unit with spacious entrance Shop facia Main retail (Approximately 100 x 30ft) Racking and shelving on both walls as well as isle through middle of shop Magazine and Newspaper display area Central isle with snacks and convenience products To the rear point of sale service counter Tobacco and Off licence section Stationary and cards display To the rear of the premises: Storeroom Staff facilities External Front facing main arterial road

Location:

This very well presented and highly profitable Newsagents and Convenience store is located within the town centre of Northampton. The location enjoys a huge foot flow of pedestrians as well as cars. The premises forms part of a large parade of shops and is close to all the local Banks and other well known stores such as Marks & Spencer.

There are car parks situated very close by as well as a prestigious shopping centre.

Other information

Reasons for selling:

Retirement

Trading hours:

Mon – Sat: 0600am – 6.30pm Sun: 06.00am – 2.30pm

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