Sold

Profitable Newsagents Store Doncaster

Doncaster, South Yorkshire

£107,700 +SAV

Ref: 13730 F

Share this property
Share

Description

Hilton Smythe is delighted to welcome to the market C & N News. The business was originally established in the 1960's but taken over by our client in 2006. Our client is now looking to sell the business due to other business Interests. The owner has run the store as a newsagents selling newspapers, magazines, lottery, cigarettes, confectionery, greetings cards, gift bags, wrap, helium balloons, party products, stationery and household items. We are advised the current turnover for the business is an advised £729,000 per annum. Ways to increase turnover could be to expand the range of greetings cards and party products available. There is also potential to increase floor space further back into the shop. The vendor has recently taken on a parcels logistics service providing an extra £6,000 per annum payed in commission, this is in addition to the figures declared in the financial profile. The newspaper delivery includes 10 delivery rounds, 3 of which are delivered to the next village, 1 mile away. This is a well-established store that benefits from being in the heart of a village community and very near industrial estate. Our client would also be willing to offer a hand over period whilst the buyer settles in. Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is a Leasehold business opportunity. Lease information to be supplied.

Hours

The business is open-Monday - Saturday: 5am - 6pmSunday: 5am - 12pm

Staff

The business is run and managed by 6-part time staff and 12 paper delivery persons.

Financial Profile

The business generates a turnover in the region of £729,000 per annum.Lottery- £264,000 per annumNews sheets, magazines and milk- £179,000 per annumGreetings cards, helium balloons and party goods- £44,000 per annumConfectionery- £44,000 per annumCigarettes- £167,000 per annumPayzone sales- £21,000 per annum

Location

C & N Newsagents is located 4 miles from Doncaster town centre in Kirk Sandall. This is a heavily populated location with a range of independent businesses including a pharmacy, salon and cafe. The business boasts a main road location from which the store receives much of its trade. This area has great road connections and a generous infrastructure. Doncaster town centre is approximately 15 minutes away following the road on which the business is located. There is a bus stop just 1 minute up the road from the property.

Premises

C & N Newsagents is located 4 miles from Doncaster town centre in Kirk Sandall. This is a heavily populated location with a range of independent businesses including a pharmacy, salon and cafe. The business boasts a main road location from which the store receives much of its trade. This area has great road connections and a generous infrastructure. Doncaster town centre is approximately 15 minutes away following the road on which the business is located. There is a bus stop just 1 minute up the road from the property.

Read some of our helpful guides and blogs

Blogs

10 brilliantly designed restaurants in the UK

7th October 2016

As a Business Brokers, we’ve come across many restaurants all different sizes…

Blogs

10 ways to advertise your business for free

28th May 2015

Advertising can be expensive, however when you’re just starting out or are…

Blogs

4 things to consider when you sell a business

4th January 2018

Every major decision requires careful thought and consideration, and very few decisions…

Blogs

4 ways to attract buyers to your Fish & Chip Shop

19th February 2018

Despite the ever-increasing range of fast food options available to us in…