| (REF: NW010215) Newsagents / Off Lic. - Morecambe |
| |
| Seller Reference: |
NW010215 |
| B4S Reference: |
28609 |
| Asking Price: |
£29,950
|
| Net Profit: |
Undisclosed |
| Sales Revenue: |
£220,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Morecambe, Lancashire, United Kingdom |
| |
Location
Adams and Co. are delighted to offer for sale this long established Newsagents business which is situated on a busy trading area in Central Morecambe. The shop has an excellent position for maximising trade, and with parking directly outside. Morecambe has excellent communications and access, well-established local businesses and a widely spread catchment area. Morecambe supports a successful mix of Industrial, Commercial and Retail enterprises and has sizeable Industrial Estates at its perimeter. It is ideally positioned, being close to the M6 motorway, within easy reach of The Lake District and all its attractions.
The Business
The business has been in our clients hands for over 20yrs and in that time they have built up a solid reputation and customer base. Our client sells mostly counter news and has a news sheet of approx £1700 p/w (retail). The business has three rounds which could easily be condensed into two. Our client has introduced a small off licence range but this is not fully exploited as the business closes at 5pm. There is obvious scope to expand the range and open later into the evening to take advantage of the footfall of the premises. Our client also offers mobile to-ups, cards, toys and sweets, and are specialist Gowarth loose tobacco stockists. There is also a small selection of household items. Current weekly sales average £5500. Newsheet £1300. Alcohol £700. Cigarettes £2500. GP 19%. Accounts will be made available to seriously interested parties following a formal viewing. This is an ideal family/partner operation, with further potential.
Business Premises
The single-storey lock up unit is situated on a parade of complimentary shops and services. The premises have an alarm and security shutters fitted. Excellent frontage with arched windows and prominent external signage. Entrance door to sales area of approx. 342sq.ft. having carpeted flooring and strip lighting. Good range of wall fixtures and fittings, including two large drinks chillers, Ice cream fridge, display shelving and racking. The counter area has a cash till, cigarette gantry and alcohol display shelving. Gowarth specialist tobacco display unit.
Office/Stockroom
Approx. 140sq.ft with WC and sink unit. Drinks chiller. Shelving as fitted. Alarm control unit.
Hours of Trading
Monday to Saturday 6am to 5pm
Sunday 7am to 11am
Tenure
Leasehold with a new 5yr lease available.
Rent
Current rent £3,600pa. Rates £449pa.
Reason For Sale
Genuine Retirement Sale after 20 successful yrs.
FINANCE
Finance for this business is available through Adams and Co(Finance). Please call this office for more details. Please remember that all loans are subject to status and survey.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs.
Additional Services
When purchasing a business (particularly for the first time) there are many important issues to consider and organise. With over 50 years experience of the Business Transfer market we at Adams and Co are ideally placed to help purchasers. We are able to arrange competitive finance, insurance, and stock-takers, if required. Please telephone for further information.
THE PROPERTY MISDESCRIPTIONS ACT 1991
Adams and Co have not tested any apparatus, equipment, fixtures and fittings, or services and so cannot verify they are in working order or fit for the purpose. Buyers are advised to obtain verification from their Solicitor or Surveyor. Purchasers must satisfy themselves as to their actual condition prior to purchase. References to the Tenure of a Property are based on information supplied to Adams and Co by the vendor. Adams and Co have not had sight of the title documents. Buyers are advised to obtain verification from their solicitor. All measurements are approximate and intended for general guidance only and should therefore be considered to be 'nominal'.
|
| |
Property: |
Leasehold |
| |
| |
Living Accommodation: |
No |
| |
Is this a home-based business? |
No |
| |
Can this business be relocated? |
No |
| |
Is this business part of a franchise? |
No |
|
|
