Hilton Smythe is delighted to welcome to the market this well-established and busy newsagent business, ideally located on a main road in Raunds, Northamptonshire.
The business was established in the 1970's and has been in our client's careful ownership since 2000. Only now is the business being offered to the market due to our client's other business interests. The business operates 6½ days per week and generates a turnover in the region of £420,000 per annum, with a gross profit of approximately 25%.
Our client offers a wide variety of goods including newspapers and magazines, confectionery, general convenience items, soft drinks, greeting cards, tobacco products and the lottery, as well as being a dry cleaning agent and having a Kodak photographic station within the shop.
The property is presented to a very high standard and boasts a self-contained, three bedroom flat to the first floor, with its own entrance, which offers the possibility to use it as owners' accommodation or let it out to generate further income.
The business has built up an enviable reputation within the area for the high qualityof the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours of the business, perhaps by staying open later in the evening. A new owner could also extend the range of the products offered, perhaps by applying for an alcohol licence. The business would also benefit from a modest marketing campaign to promote the goods offered.
This is an excellent opportunity for a new owner to take this busy newsagent business to the next level; therefore early viewing must come highly recommended.
TENUREWe are advised Leasehold:
Original lease length: 15 years
Remaining lease length: 6 months
Review every: 5 years
Rent: £15,000 per annum
HOURSThe business is open:
Monday - Saturday: 5.30am - 5.30pm
Sunday: 5.30am - 12.00pm
STAFFThe business is owner run and managed with 1 x full time, 3 x part time staff members and 24 paper boys/girls.
FINANCIAL PROFILEThe business generates a turnover in the region of £420,000 per annum, with a gross profit of approximately 25%.
Brook Street News occupies substantial two storey premises, ideally located in the town of Raunds, near Wellingborough, Northamptonshire. The business is surrounded by a wealth of complimentary shops and businesses; therefore benefiting from a high volume of footfall and passing trade. The area of the property is bordered by densely populated residential areas, from which the business derives much trade.
Raunds is a small market town in rural Northamptonshire and according to the 2011 census it has a population of approximately 8,641 residents. The town is a popular place in which to live and work, with many commuters traveling to the larger centres of Kettering and Wellingborough.
The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is approximately 9 miles away in Wellingborough. The area is also well served by the A-roads, with the A45 being within easy driving distance, which links to the national A-road and motorway networks. Rushden is approximately 6 miles away and Kettering is 16 miles away.
Prominent two-storey premises, briefly comprising:
Main sales and display area with:
2 x two door drink chiller units.
Central display unit.
2 x rotary greeting card display units.
Newspaper and magazine display area.
4 x greeting card displays with drawers.
Ice cream freezer.
Kodak digital image centre.
Serve over counter with electronic cigarette display stand, electronic cash register, Lottery terminal, Paypoint terminal, Health Lottery terminal and tobacco gantry behind.
Small rear store room with office area and kitchenette.
Rear exit door leading to owners' car parking area and garage.
Self-contained flat with separate entrance.
3 x bedrooms.
Bathroom with shower above bath.
Well signed (Mace branded).
Side driveway leading to parking area and garage.