Well Established & Popular CTN Bedfordshire For Sale

Business description

WELL ESTABLISHED & POPULAR CNT - BEDFORDSHIRE
Main street location in desirable Dunstable
£198,000 turnover with high gross profits
Early viewing highly recommended
Scope for further development
High levels of loyal custom
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this well established newsagents and general store which has been in the careful hands of our clients since 2008.

Only now is the business being offered to the market due to our clients wish to have a change in their career path. Since our clients took over the business they have fully renovated the trading area of the business to a quality that provides the new owners a true walk-in and trade business.

Our clients inform us that the current turnover is £198,000 per annum with a 25% gross margin. This is derived from the sale of greetings cards, stationery items, newspaper and magazines, sweets and day to day convenience foods plus soft drinks, beers, wines, spirits, lottery and Payzone.

The business enjoys a strong reputation within the local community and as such has a high level of loyalty and repeat trade. Meridian Business Sales recommends early viewing on this business so as to fully appreciate the quality and growth potential for the new owners.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 15 years
Remaining: 14 years
Review: 5 years
Rent: £15,000pa

Living accommodation:

Well presented and maintained terraced property comprising of ground floor lockable retail unit briefly comprising:- GROUND FLOOR Main entrance leading to an open plan retail area with display stands for greetings cards plus shelving and slat walling, main sales desk with sweets display, lottery and Payzone, carpet tiles to floor and halogen lighting. Full display for newspapers and magazines, toilet and kitchenette, central gondolas with display shelving, freezers for ice cream and foods, open fronted dairy fridge and branded soft drinks fridges. EXTERNAL Display space to the front of the property Garden to the rear

Location:

This well established newsagents, off licence and general store is located on the main through road of Dunstable in Bedfordshire. Dunstable is a popular and upmarket area with close links to Luton and Leighton Buzzard. The newsagents and store is ideally located to enjoy high levels of passing trade and enjoys a monopoly trade as the nearest competition is some 3 miles away in either direction. The business is a stand alone property in the centre of a large residential area with the benefit of close by light industry all of which gives the business its regular clientele. Dunstable and the surrounding areas are served by the M1 motorway A5 and A505 trunk roads. The area has strong road and rail links with mainline trains running from nearby Luton.