Asking price: £299,950

Sales revenue: £315,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Fantastic business - selling Newspapers, convenience, sandwich and salad bar, confectionery, cash machine, bill payments (payzone), cards - basically everything you would expect from a modern, well appointed local shop with no competition and located in a beautiful housing estate, serving the local community and schools.

News sheet is £3,000 per week with 12 morning rounds, 5 afternoon rounds and 11 weekend rounds. Paper delivers are always available with a local school nearby. Current financial year turnover is on target to achieve over £330,000.

The property has been fully modernised and enjoys a superb 3 bed family accommodation with separate door and entrance hall. The living accommodation is set out over 2 floors - giving circa 108 square metres of well maintained space.

To the ground floor is the shop, shop kitchen, store room, staff toilet, brick garage, outbuildings and patio.

To the first floor is a large kitchen, bathroom (with jacuzzi bath), large living / dining room and the master bedroom. To the second floor are 2 very large additional bedrooms and storage area.

Purchase price £299,950 plus Stock at Valuation.

Genuine retirement sale - an opportunity for someone to purchase an excellent business and property. Viewing is highly recommended - this business will not be on the market for long!

Years established: Current owners - 6½ years, but approx. 49 years in total

Employees: Owner plus part-time employees and paper deliverers.

Trading hours: Monday to Friday - 0530 to 1800 hours Saturday - 0500 to 1730 hours Sunday - 0500 to 1200 hours

Property: Freehold

Living accomodation
The accommodation enjoys a spacious, modernised and well maintained 3 bedroomed family home. It is located above the shop. The accommodation is accessible via security doors from the shop and also has a private door and entrance hall. There are 3 outbuildings (a staff toilet and 2 stores) and a detached brick garage. A sun trap patio with planted areas. The rear of the property has been rendered and has tyrolean treatment (so doesn't need painting) - the dormer extension has been cladded in UPVC. The property is fully centrally heated and double glazed in UPVC. To the rear are superb views over towards Blackpool - a perfect position to view the fireworks!

Location
Prime residential location - set in a beautiful part of Poulton-Le-Fylde. Local Senior School 0.3 miles away. Ample space for customer parking outside the shop. Benefits from being a short-cut to avoid traffic lights on main road. Foot-fall assisted by local businesses. There is also a public house opposite the shop.

Expansion potential
The encatchment area of the shop is very large - there is potential to extend the sandwich and salad bar service by providing hot food and drinks (which we are frequently asked for and are considering). There is also potential to add an off-licence as, again, there is no local competition. Although there is currently a very large newspaper service (news sheet of £3,000 per week) - there is potential to increase this by leaflet drops and participating in promotions offered by National Newspapers and Home Link service. Another obvious expansion potential is to extend the opening hours - current owners choose not to do this.

Competition / Market
There is no competition in the area.

Support & training
Happy to explain the business to any prospective buyer and provide support (to be discussed). As I am retiring, I will possibly be available for holiday cover (to be negotiated).

Reasons for selling
Genuine retirement sale.