Newsagents And Convenience Store In Musselburgh East Lothian For Sale

Business description

We are delighted to offer for sale this busy newsagents and convenience store, which was established in the 1900s and which has been in our clients' careful hands since 2001. The store is only now offered to the market due to our clients' wish to retire. The business trades 6½ days a week and generates a turnover in the region of £180,000 per annum with a gross profit of 18%. Our clients offer CTN lines, magazines, phone top-ups, PayZone and the Health Lottery. We feel the turnover could be further increased by expanding the range of products available and applying for an alcohol licence. There is also the opportunity to introduce hot and cold snacks. The business has a loyal customer base and enjoys much repeat trade. The premises are well-equipped to suit the trade and boast a spacious retail area and large store room. We feel this represents an ideal opportunity to acquire an already popular newsagents in such a desirable location with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 18 years
Remaining: 8 years
Review: every 5 years
Rent: £5,600 per annum

Leasehold rent:

£5,600 per annum

Location:

Paperview Newsagents occupies substantial corner lock-up premises, ideally located in a prominent trading position on a busy main road in the town of Musselburgh, East Lothian. The business is close to the town's amenities and is surrounded by a range of complementary shops and businesses. The town is well-served by public transport with regular bus routes and a railway station. The town centre is a short distance away and Musselburgh Racecourse is nearby. Musselburgh is a highly desirable place in which to live and work and is also popular with commuters, due to excellent road and rail access with Edinburgh. Edinburgh city centre lies approximately 6 miles to the west, while the M8 motorway is 14 miles away.

Premises details:

Substantial corner lock-up retail premises on a busy high street. Briefly comprising:

Ground Floor
• Retail area with a range of shelving and product displays, tobacco gantry, drinks chiller, magazine rack, electronic cash register and CCTV
• Large storeroom with shelving, 2 x sink units, work surfaces and microwave oven
• WC

External
• Frontage onto busy high street

Business Operation

Trading hours:

Mon - Fri: 5:30am to 5:30pm
Sat: 5:30am to 5:00pm
Sun: 5:30am to 1:00pm