Sold

Well Stocked Local Newsagent

Barnsley, South Yorkshire

£79,999

Ref: 2875 F

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Description

Hilton Smythe is delighted to introduce to the market B & C Paperchain. The business is a local newsagents serving the busy area. The store was taken over by our client over 16 years ago. The newsagents is known in the area, and is the go to place for convenience.

Our client is now looking to sell the business due to the desire to take a well deserved retirement. The store runs as a newsagents selling a great range of convenience and confectionary products. They sell products such as newspapers, cards, bread, dairy products, general conveniences, cigarettes and confectionary.

The current turnover for the business is an advised £189,000 per annum, with a gross profit of 16%. The turnover is great however we believe this can be increased.

Introducing a small range of off licence products subject to approval and licening, will attract more customers therefore increase sales. The new owner could also look in to setting up a Lottery terminal. The business could offer a delivery round to the locals in the area for both newspapers and convenience products. These ideas will all help to boost turnover and will increase customers.

The store is an agent for Berry’s Cleaners, and generates a little extra income from this. In the store there is a cash machine and a hot drinks machine which also generates further revenue.

This store is in a perfect walk in trading position. This would be fantastic for a new owner looking to take over a popular local store in a great welcoming community. The store highly benefits from loyal repeat trade, and a new owner would be highly welcome.

Hilton Smythe highly recommend early viewing to avoid disappointment.

Tenure

Freehold

We are advised the business is freehold.

Hours

The business opens:-

Monday-Saturday: 5am – 6pm
Sunday: 7:30am – 1pm

Staff

The business is run and managed by a husband and wife team, with the help of 1 part time member of staff.

Financial Profile

The business reports a turnover of £189,000 per annum
With a gross profit of 16%

Location

B & C Paperchain is situated along a retail parade in Barnsley, South Yorkshire.

The retail parade is located in a densely populated area, from which the business derives much of its trade. In this area are hair salons, beauty salons, motorbike dealership and a fish and chip shop. The newsagents holds a monopoly trading location within the area.

The business is just a short walk away from Barnsley town centre. Around Barnsley are some fantastic A roads, that connect to the national motorways. The M1 motorway is approximately 9.2 miles away from the property. The M1 runs from Leeds down through to central London, making this a well-used motorway. Just outside the property is a bus stop, there is also Barnsley train station just a 5 minute walk away.

Premises

The premise is well signed and is clearly visible to passing trade. The property is a 2 storey mid terrace stone built building. The store is on the ground floor, and on the first floor and over the attic is a 1 bedroomed flat.

The sales area is a great size, and is perfect for the trade. Around the store is perimeter shelving. In the centre of the store are 3 large card racks and more shelving.

Equipment included in the sale is as follows-
4 x Shelved magazines/newspaper display unit
3 x Card display units
Sales/display counter with electronic till
Cigarette gantry
3 x Door glass fronted dairy display unit
Glass top display freezer
Confectionary display unit
Adjustable wall shelving around perimeter
CCTV cameras
Ice cream chest freezer

On the first floor is a great sized stockroom with shelving. On this floor is a shower room with a toilet and wash hand basin. There is also a small kitchen with access to the attic bedroom. The first floor could be renovated into just having the flat. This would create more space in the flat and would be great for owner’s accommodation or as a rental. There is separate access to the flat.

At the back of the property is a large rear private yard with two secure brick store sheds which are covered by CCTV. There is on street parking at the front of the property.

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