Popular Newsagents Business In Bridgwater Somerset For Sale

Business description

Preferred Commercial is delighted to offer for sale this popular newsagents business, which was established by our clients' in 1985 and which is only now being placed on the market due to our clients' wish to retire. The business generates a turnover in the region of £540,000 per annum with a gross profit of 21%, derived from general CTN lines, a selection of groceries and providing PayPoint and Lottery facilities. The shop is also a 'Collect Plus' parcel drop off and collection point. A new owner could increase turnover by perhaps, offering a delivery service and by applying to sell alcohol. We feel this represents an ideal opportunity to acquire an easily manageable newsagents business with an impressive turnover and still scope for future growth. Early discussions, with Preferred Commercial, must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 15 years
Remaining: 5 years
Review: every 3 years
Rent: £4,680 per annum

Leasehold rent:

£4,680 per annum

Location:

Scoops is ideally located on a busy road leading out from the centre of Bridgwater, in Somerset. The newsagents is surrounded by complementary shops and businesses and benefits from a high footfall and much passing trade. There is ample on-street parking in the vicinity and the local railway station is just a short walk away. The business lies less than half a mile from Bridgwater town centre and is surrounded by a densely populated residential area, from which it draws much trade. Junctions 23 and 24 of the M5 motorway are both within 3 miles of the business. Taunton lies approximately 9 miles to the south, while the popular resort of Weston Super Mare is approximately 15 miles to the north.

Premises details:

Ground floor lock up retail premises on a busy high street. Briefly comprising:

Ground Floor
• Main sales and display area fitted to suit trade with tiled floor, suspended ceiling and diffused lighting, 12 foot magazine and newspaper display, glass fronted drinks chiller, double chiller for fresh food, grocery display shelving, ladies tights carousel, confectionery display, window display of children's toys, greeting card display, fresh milk chiller, retail counter with confectionery display, PayPoint terminal, Lottery terminal, electronic cash register and CCTV monitor, cigarette gantry behind
• Storeroom for dry goods
• Second secure dry goods store
• Staff WC

Business Operation

Trading hours:

Mon - Sun: 5.00am - 8.30pm