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Established Newsagents In Newquay For Sale

Newquay, Cornwall, UK
Asking Price:
£64,950 Furniture / Fixtures included
Sales Revenue:
£432,058
Cash Flow:
Available on request

Established newsagents for sale in Newquay. Turnover £432,058 net of VAT per annum. GP 33.5%.Ideal first business or bolt on for any existing newsagent looking to expand.


Veritas Business Sales are delighted to offer for sale this respected Newsagents located in Newquay. The business has been established for over 40 years and has been in the careful hand of my clients for the last 13 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 2 full time and 2 part time members of staff and has an annual turnover of £432,058 with a GP £144,713 (33.5%). They retail newspapers, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, stationary and just recently added the National Lottery. We believe that there is further potential to increase trade by extending the opening hours and maybe adding an off-licence. There are lots of new houses being built within the area so there will be potential to increase the newspaper delivery rounds. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 7 Years
Remaining: 4 months (New lease available)
Rent: £8,000 pa
Rates: zero

Leasehold Rent:

£8,000 per annum

Location:

This established Newsagents concern is located in a busy parade of shops just off one of the main through roads in and out of Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort - all wrapped up in the most fantastic coastal scenery.

Premises Details:

Ground Floor

Retail comprising: sales counter with sales till, lottery & pay point terminal, sales and display shelves, ice cream fridge, milk fridge, upright double door drinks fridge, greeting card shelves x 4, cigarette cabinet and filing cabinets x 2.
Office with printer, safe, various shelving, ipos computer system and CCTV monitor.
Kitchen area
W/C

External

Garage (used for sorting newspaper rounds)

Energy Performance Rating:
D

Business Operation

Expansion Potential:

Scope for longer hours
Scope for add off-licence

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 6.30am – 5.30pm
Sunday – 6.30am – midday

Employees:
2 full time & 2 part time
Years established:
40 years

Other Information

Inventory / Stock value:
£10,000

Contact Information

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