Newsagent And General Store With Scope In Bedfordshire For Sale

Business description

HISTORY

• The current vendor has owned the newsagents for over 4 years although it has been trading for over 22 years

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to spend more time with his young family

PRODUCTS

• The business offers all the items you would expect to see including:
• Newspapers and magazines
• Cigarettes and tobacco
• Soft drinks
• Confectionery
• Ice cream
• Stationery
• Large selection of greetings cards
• General household goods such as tea, coffee, cereals, toilet rolls, kitchen, milk, butter, yoghurt and eggs
• In addition they also offer bird seed, guinea pig, dog and cat food
• Weekly sales average circa £7,000 - £8,000 plus

SERVICES

• National lottery with takings of approximately £3,000 plus per week
• Top ups with taking of circa £500 per week
• In addition they have recently started the new health lottery and they also offer window card advertising, dry cleaning and have a free to use cash machine

CUSTOMERS

• The business has a loyal local customer base drawn from the surrounding area

STRENGTHS

• An extremely well established business which has been trading for over 22 years
• Excellent presentation throughout with a new owner having nothing to do on takeover
• A loyal local customer base
• Good location with 2 nearby schools
• Consistent weekly sales of between £7,000 and £8,000 plus with lottery and top ups extra

FINANCIALS

• Weekly Sales Circa £7,000 - £8,000 plus
• National Lottery circa £3,000 plus per week
• Top ups circa £500 per week
• Stock holding £15,000










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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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:

Leasehold

Location:

• The business has an excellent location on a busy small parade surrounded by residential properties in Bedfordshire

Premises details:

• Spacious mid terraced ground floor lock up premises which briefly comprise:
• Centre entry door from wide walkway off the parade car park
• Retail area with serving counter and till by the door
• Rear cigarette gantry and lottery terminal
• Large wall mounted magazine and newspaper rack
• 1 single and 1 double door soft drinks chillers
• 4 open chillers with butter, yoghurts, milk etc
• Ice cream freezer
• Side confectionery display
• Centre retail gantry with general household goods

• Very large greetings cards display
• Side shelving
• Side office with kitchen area and stores
• Separate W/C
• The premises benefit from being fully alarmed and with a 4 camera CCTV system

Business Operation

Expansion potential:

• Stocking specialist foods such as Asian or Polish
• Adding frozen foods
• Also offering alcohol sales

Trading hours:

• Mon - Tues: 6am - 7pm
• Wed - Fri: 6am - 6.30pm
• Sat: 6am - 7.30pm
• Sun: 6.30am - 3pm

Employees:

• The business has 2 full time staff including the vendor and 2 part timers who work for 10 hours and 17 hours per week