Newsagent With Flat In Derbyshire For Sale

Business description

HISTORY

• Newsagent on or close to site for over 70 years
• Acquired by vendors 17 years ago with considerable build up in trade seen during tenure
• Equipped and maintained to high industry standards
• Product mix and blend varied in line with consumer tastes
• Lottery sales introduced
• Loyal repeat customer base established
• A site very much associated with the trade


REASON FOR SALE

• Retirement


PRODUCTS

• Traditional extensive range of newspapers and magazines
• Non alcoholic beverages
• Groceries
• Flowers
• Snacks
• Sandwiches and baguettes
• Confectionery
• Cigarettes
• Giftware
• Greetings cards
• Phonecards
• Stamps


SERVICES

• National Lottery
• PayPoint
• Photocopying
• Newspaper deliveries (19 morning, 16 evening and 18 Sunday rounds)
• Western Union money transfers

CUSTOMERS

• High level of passing and walk in trade
• Local population very much associate the site with trade

SUPPLIERS

• Goods sourced locally from traditional trade wholesalers and suppliers

STRENGTHS

• Superb location in busy suburban locality
• High footfall
• Demonstrable weekly takings of £11,000
• Lottery and PayPoint already in place
• Limited competition in the immediate vicinity
• Significant volumes of trade already built up with high repeat rates and established delivery rounds




DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Freehold

Location:

• Prominently sited newsagent in busy parade of in the heart of a suburban community
• Range of complementary retail and service based businesses in the immediate vicinity
• Outskirts of large Derbyshire conurbation and close to a large number of houses
• High levels of footfall seen

Premises details:

• A traditional lock up retail unit with one bedroom flat (separate access)
• Racking and shelving appropriate to trade
• Sales counter fully integrated electronic stock system
• Rear store with kitchen and WC
• Cigarette gondola
• Alarmed
• CCTV
• Roller shutters

Business Operation

Expansion potential:

• Introduction of additional products and services
• Focus on business development activity
• Refurbishment of premises
• Use of accommodation above the shop by new owner
• Additional opening possible in the evening and on Sundays
• Additional newspaper deliveries

Trading hours:

• 5 AM to 5.30 PM Monday to Saturday
• 6 AM to 12.30 PM Sunday

Employees:

1 full time and four part time

Years established:

17