Freehold Newsagents With 2 Bed Apartment For Sale in Worcestershire- Business 4 Sale .co.uk

Business Summary

HISTORY

• This family run newsagents was founded over 24 years ago during which time it has had only 1 owner

REASON FOR SALE

• Unfortunately, the vendor has passed away, the business is run by his son on a temporary basis

PRODUCTS

• The business operates as a traditional newsagents with the following items offered for sale:
• Cigarettes and tobacco
• Newspapers and magazines with 12 morning rounds, 4 evening rounds and 12 Sunday rounds
• Greetings cards and gift wrap
• Soft drinks
• Stationery
• Some select convenience items
• Ice creams
• Small toys
• Crisps, sweets and confectionery

CUSTOMERS

• Mainly drawn from the local area, the business has a loyal customer base
• There are 4 nearby schools so the business has a large children trade

SERVICES

• The newsagents offers a photo copying facility

STRENGTHS

• An extremely well established business
• Little local competition
• High visibility location
• Loyal local customer base
• High gross margins together with low overheads

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property Information

	Property:	Freehold

	Lease Terms:	• Freehold

	Living Accommodation:	Yes

	Details of Accommodation:	• Ground floor end terraced shop with self contained 2 bed apartment on the first floor, they briefly comprise: • Central entry door into the shop from wide walkway pavement • Rear counter and till with back cigarette gantry • Long central display, one side with general household goods and the other with loose confectionery • Twin and single door chiller units, both for soft drinks, an ice cream freezer and an open red bull chiller • Large magazine and paper rack display dominates one side wall • Greetings cards display and photocopier • Rear stores area with w/c, sinks and water heater • The premises has a tiled floor, suspended ceiling, is alarmed and has a 4 camera CCTV system Apartment • There is a rear door which gives access to the external stairway to the self contained apartment which includes: • Entry from roof terrace into the lobby area • Spacious lounge with electric fire, tv point and service hatch from kitchen • Corridor with both bedrooms, kitchen and bathroom off • Kitchen has a 4 ring gas cooker with oven under and extractor unit over, stainless steel sink with single side drainer, range of attractive wall and base units, roof skylight • Bathroom with w/c, sink, bath with shower over, frosted side window • Double Bedroom 1 – with built in cupboards, tv and phone point • Double Bedroom 2 – with built in cupboards and phone point • The whole apartment is doubled glazed and is decorated to a good standard

	Location:	• The newsagents is located in the centre of a large residential area with no nearby competition

Growth Potential

• The vendor has informed us that there is a genuine potential to increase both sales and profits by:
• Opening extra hours in the evenings and on Sunday afternoons
• Applying for PayPal, Paypoint or the Lottery
• To apply for an alcohol licence

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

Summary of Business Hours

• Mon to Sat: 6.30am to 6.30pm
• Sunday: 6.30am to 1.00pm

Summary of Staffing

• The business is run by the vendor’s son, who works full time in the business

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