Thriving Buckinghamshire Market Town Newsagents With Accommodation For Sale

Business description

• Character property.
• Good volumes of traffic and pedestrian flow.
• Prominent location main road position.
• News bill approx £1,400 per week.
• Annual Sales CIRCA £260 - 280K.
• Approx 320sq ft Retail Space.

This is a fantastic opportunity to acquire this popular community newsagent and further benefits from being a National Lottery agent with excellent spacious family accommodation. Huge potential for adding an off licence and increasing the convenience range.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure and full repairable renewable lease at a rental of £20,000 p.a. with 12 years remaining exclusive of rates, Uniform Business Rates: approx £7,500 p.a. payable.

Leasehold rent:

£20,000 per annum

Living accommodation:

The self-contained living accommodation comprises three/four bedrooms, lounge, kitchen, and bathroom and has access for the shop as well as a separate side entrance and a small courtyard to the rear.

Location:

Situated on the main road through this Buckinghamshire Market Town and benefits from a high footfall and passing traffic. There is ample on the road parking to the front of the business.

Premises details:

The business has been in the same hands for the past 24 years and operates from a character property with approx 320 sq ft of retail space. The shop is a National Lottery, congestion charge and e-pay agent and sells a wide range of newspapers and magazines, greeting cards & stationery, cigarettes & tobacco, soft drinks, confectionery, ice cream and sweets as well as a small range of convenience items. The shop operates 5 paper rounds.

Business Operation

Expansion potential:

Our client clearly has a successful business and has excellent potential to increase this further as it currently doesn’t have an off licence section and therefore with its busy passing trade throughout the day there is huge potential to dramatically increase the takings and increase the client base as well as increased advertising, extending the convenience lines and the opening hours, all would increase revenue and profits without greatly increasing overheads. Early viewing is highly recommended to fully appreciate this business.

Reasons for selling:

Retirement

Trading hours:

Monday – Friday 6am – 6pm
Saturday 7am – 6pm
Sunday 7am – 2pm

Employees:

The business is run by the vendor and his wife who are responsible for the day to day running of the newsagent. There are paper delivery boys/girls for the 5 delivery rounds.

Other information

Support & training:

The owner would be happy to help with a smooth transfer of the business in any way possible. This is a turnkey business with a relatively short learning curve for any new owner.

Financing available:

If you are buying a business or commercial property we can assist you with your finance needs. Our commercial finance partners can assess your circumstances, secure very competitive rates and assist you in your purchase through to completion. Call our office for more details.

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