Profitable Leasehold Newsagent In Poulton Le Fylde For Sale

Business description

Hilton Smythe Commercial are delighted to introduce Thomas's News to the market, which has been under the careful control of our client for the previous 18 years, and is now only reluctantly offered for sale as our client looks towards retirement.

The principal activities lie in the sale of newspapers, tobacco, confectionary and greetings cards. This could easily be expanded to increase revenue through the stocking of some everyday commodities and convenience goods.

Currently the business operates a number of newspaper rounds in the morning, evening and on Sundays. Naturally, the business benefits from the operation of newspaper rounds, both directly from the income for the service and further from the income obtained from customers who come to the business to settle accounts and make purchases whilst there.

The business has the added benefit of a fantastic local reputation and a wealth of loyal customers, which is testimony to is long and profitable trading history.

Property information

Property:

Leasehold

Lease terms:

The business is offered on a leasehold basis, with rent currently standing at just over £400.00 per month, with 17 months of the 10 year lease remaining.

Leasehold rent:

£4,800 per annum

Location:

Thomas's News is located in the popular market town of Poulton-Le-Fylde on the Fylde coast, in the North of England.

Poulton-Le-Fylde lies just 3.5 miles from the coastal town of Blackpool, which is the epicentre of the northern entertainment circuit and just 15 miles for the up and coming city of Preston.

The business itself is in a prime location nestled amongst a vast residential area complimented by other small local businesses. The footfall within the area is naturally very high due to the prominence of the location, and the attractive exterior.

Externally the business benefits from excellent signage to the front and side, and street parking for several vehicles in the surrounding area. The business also benefits from a post box to the front, which we are advised attracts a large amount of chance custom.

Premises details:

The lock up premises is a good size and well maintained throughout, comprising of a main customer area, which is well appointed with the expected shelving for stock, cash register, refrigerator and chest freezer.

Towards the rear of the premises there is a small stock room, with a staff WC and external door.

Business Operation

Reasons for selling:

Retirement

Trading hours:

The owner has observed the following opening hours:

Monday Saturday - 06:00 -18:00
Sunday 06:00 - 12:30

Obviously there is scope to expand the opening hours that will naturally follow any increase in the range of products stocked.

Employees:

The business is currently owner managed and run, employing a handful of casual staff to conduct the newspaper deliveries. Current wages for the staff delivering newspapers approximately £150.00 per week.