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Well Established Newsagents Business For Sale

Crewe, Cheshire, UK
Freehold Price:
£174,950
Lease Asking Price:
£99,950
Sales Revenue:
£205,089
Cash Flow:
Available on request

Business
Please quote reference B05969

Hilton Smythe are delighted to present to the market Goostrey News, a very well established newsagents’ business first established in the 1930’s.

Our client purchased the business in 2001 and is now looking to pass the business on due to his wish to now retire.

The business is a perfect example of a community loved store with many extra services offered in addition to the standard newsagents/confectionery led business.

The business is benefiting from an increase in approx. 10%-15% per week due to closure of 2 x local competitors. Because of Covid, our client has expanded his delievery service

This is now the only newsagents in the area offering newspaper deliveries with 10 rounds covering up to 10 miles radius from the shop. The area is home to many elderly residents who depend not only on their daily newspaper being delivered but the many extras our client has added. These include medicines from the local pharmacy, grocery essentials, milk & parcels.

We are advised the current news bill averages at £2870 per week.

The current choice of services/products include –

Newspapers, magazines
National lottery
Pay zone payment service
Freshly prepared sandwiches
New customer coffee machine
Soft drinks and milk, bread
Ice cream
Confectionery
Greeting cards, postcards
Parcel hub point
Children’s toys
Off licence
Stationery
Cigarettes, cigars & pipe tobacco
Leafleting, advertising & mail shots for local businesses

The success of the business is due particularly to the involvement within the local community groups, church, school, local families and supporting charity events.

We would recommend any new owner investigates the potential of adding a Post office local counter to offer more services and increase footfall. The business is also the only payzone store in the area.

Very rarely to profitable businesses of this standard come to the open market and we therefore recommend early enquiry to avoid disappointment.

Location
Goostrey News is located on a busy parade of shops, just off Main Road within the heart of Goostrey village.

Goostrey is an old farming village located within Cheshire, located within open countryside, 14 miles northeast of Crewe and 12 west of Macclesfield.

There is a butchers, pharmacy, café, wedding shop, hair salon and village store within walking distance with free parking available for customers directly outside. The business faces Cheshire House.

This is a true example of a community driven business with both retired customers, school children and their parents, local business owners and those passing through the village.

Nearest school is Goostrey Primary School.

Premises
The business comprises of ;

Traditional shop front with canopy
Good sized open shop and counter to the left
Rear stockroom
Staff kitchen/toilet

A full asset list is available upon further request.

Tenure
We are advised that the business is being sold on both a freehold and leasehold basis.

For the leasehold purchase, a new lease will be negotiated with the owner. We are also advised that no rates are payable.

Hours
The business trading hours are;

Monday 5.00am – 5.30pm
Tuesday 5.00am – 5.30pm
Wednesday 5.00am – 5.30pm
Thursday 5.00am – 5.30pm
Friday 5.00am – 5.30pm
Saturday 5.00am – 5.30pm
Sunday 5.00am – 1.30pm

Staff
We are advised that the business is owner run and managed, with the help of 1 full time and 3 part time members of staff.

Financial Profile
As per the 2019 accounts, the business generated a turnover of £205,089, with an adjusted net profit in the region of £65,000.

Please quote reference B05969

Property Information

Property:

Available as freehold and leasehold

Other Information

Leasehold asking price:
£99,950

Contact Hilton Smythe

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