Leasehold Newsagent For Sale

Business description

Bag a Business Ltd is delighted to offer for sale one of the oldest newsagents within Colwyn Bay, in North Wales. Guys Newsagents has been established for over 100 years and benefits from a prominent and desirable trading location. Annual turnover is currently in the region of £286,000 achieving a 17.4% gross profit. The premises have a spacious, open plan retail sales area, with the internal configuration to significantly expand the product range and shelving display systems. In addition, there is also a large basement area and an enclosed rear yard. This is a particularly desirable purchase as the business has a National Lottery terminal, and many high-profile customers and schools within the local area. This is a unique opportunity to purchase a well-established and thriving local business, offering infinite scope for the future. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 45 years
Remaining length: 30 years
Review every: 3 years
Rent: £100 per week

Living accommodation:

PROPERTY DETAILS Ground floor, lock-up, leasehold retail unit with attractive wide frontage, briefly comprising: GROUND FLOOR Open plan sales area CCTV system (digital and full recording) 2 single drinks chiller cabinets Milk fridge Ice cream freezer Shelving and racking systems on walls Commercial grade flooring. Wide sales counter with cigarette gantry behind, National Lottery terminal and scratchcard dispenser Internal configuration for a central aisle. Greeting cards rack. Rear store with office area, sink and additional shelving. Basement 3 large rooms W/C and wash basin Back-up freezers Door to yard EXTERNAL Attractive wide frontage Electric front shutters Ample free car parking outside Planning permission has been granted in the past for an extension to the rear of the premises

Location:

Guys Newsagents occupies a prime trading position on Conway Road, within the thriving coastal town of Colwyn Bay in Conwy. The business is surrounded by a variety of shops and other businesses, which attract a high daily footfall. There is ample free car parking facilities outside, as well as being on a major bus route. There are primary and secondary schools within close proximity, as well as industrial and business parks, from which it generates much repeat trade. The premises are close to desirable residential areas and within walking distance of the famous promenade and sandy beaches. Conway Road is easily accessible, as it is the main A547, which links directly to the A55 Expressway, linking Holyhead and Llandudno to Chester and the M56 motorway.

Other information

Trading hours:

Mon - Sat: 5.00am to 6.00pm Sun: 6.00am to 1.00pm