For Sale

Well-Established Newsagents In Good Trading Location

Kelty, Fife

£124,950 +SAV

Ref: 14401 A

Contact sales negotiator

Sarah Moores

01204556309

Email Sarah Moores

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Description

Hilton Smythe is delighted to welcome to the market this well-established newsagent with an enviable local reputation. Mitchells Newsagents has been under the ownership of our client for some 10 years and is now being offered to the market for sale as our client looks to pursue other business interests within another industry.

The business offers a wide range of goods from newspapers and specialist magazines, confectionary goods, cigarettes, National Health Lottery, Payzone, Newspaper delivery service, Christmas toy catalogue, fancy goods & gifts and further benefits from having a dedicated gift card area within the well-stocked premises.

There is still plenty of scope to further increase turnover with the revision of opening hours, low cost local marketing via social media and also expanding the retail lines currently stocked within the store.

The premises are in very good general condition having been well maintained over the past few years.
We feel this is an outstanding opportunity for a new owner to take this popular local business to the next level and as such early viewing is highly recommended.

Tenure

Freehold

We are advised that tenure is offered on a Freehold basis.

Hours

Monday ,Tuesday, Thursday, Friday 5.00 am - 5.00 pm
Wednesday 5.00 am - 1.30 pm
Saturday 5.00 am - 1.30 pm
Sunday 6.00 am - 11.30 am

Staff

The business is run and managed by the current owner with the assistance of 2 members of staff.

Financial Profile

We are advised the business reports turnover in the region £337,000 per annum.

Location

Mitchells Newsagents is located on the Main Street within the village of Kelty, Fife and just a short distance from the main M90 motorway link giving access to the rest of central Scotland, located in a smart double fronted retail premises in a parade of similar mixed use retail units.

The business further benefits from being located within a well-established residential area leading to a high level of passing trade.

Kelty village offers access to a selection of local shopping, churches, banks, bowling club, bars and public transport facilities. The areas outdoor leisure pursuits are catered for with nearby Lochore Meadows Country Park and Blairadam Forest.

The village presents an increasingly popular commuter base, with access to the M90, Forth and Kincardine Bridges providing links to Edinburgh, Perth, Glasgow, throughout the Central Belt and beyond. Both Dunfermline and Cowdenbeath present railway stations, which provide further commuter options.

Premises

Mitchells Newsagents occupies a double fronted retail unit with large window displays in a prominent location on the Main Street of Kelty.

Entered from ground level via a double glazed UPVC door into a bright and well-presented front shop area and briefly comprising:-

Main shop area with serving counter & till area
Cigarette gantry
Centre confectionery display stand
Various perimeter racking and shelving
Well stocked gift card area,
Rear office with good general storage area
W/C

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