For Sale

Well-Established Newsagents With Accommodation

Liverpool, Merseyside

£110,000 +SAV

Ref: 1864 D

Contact sales negotiator

Rob Walker

01204556327

Email Rob Walker

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Description

Hilton Smythe is delighted to welcome to the market this newsagent business in Liverpool, Merseyside.

The business was established by our client over 50 years ago, and is only now being offered to the market due to our client`s desire for a well earned retirement.

The business is open 7 days per week and generates a turnover in the region of £335,540 with a gross profit at 12% as per 2017 accounts.

Butterfields generates its turnover through the sale of newspapers, magazines, cards, tobacco products and convenience lines, as well as Paypoint, Payzone and the Health Lottery.

There is scope to increase turnover by embarking on a modest marketing campaign and possibly extending the opening hours. A new owner could increase turnover further by introducing alcohol sales subject to necessary licenses. A Lottery terminal has was recently installed within the business, which will increase the turnover.

The property benefits from 2-3 bedroom accommodation, which could be used as owners` accommodation or let out to generate further income.

This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level; therefore early viewing must come highly recommended.

Tenure

Freehold

We are advised Freehold.

A Leasehold option is also available at £99,950 with a new lease to be negotiated. Rent will be around £12,000 per annum.

Hours

Monday – Saturday: 6.00am – 6.30pm
Sunday: 6.00am – 1.30pm

Staff

The business is owner run and managed with 4 x part time staff members.

Financial Profile

The business is open 7 days per week and generates a turnover in the region of £335,540 with a gross profit at 12% as per 2017 accounts.

Location

This newsagent is ideally located on a busy main road in Liverpool, Merseyside.

The business is surrounded by a mixture of residential and commercial properties and is directly opposite a busy and well known supermarket. The business benefits from ample on-street parking within the vicinity, as well as a vast amount of footfall and passing trade.

Liverpool is a large city which boasts a wealth of amenities and attractions including several theatres, museums, bars and restaurants and is a desirable place in which to live and work.

Anfield football stadium, which is home to Liverpool FC, is less than a mile away and provides a large amount of trade on match days.

The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is approximately 2 miles away.

The property has easy access to the A-road system being situated on the A580, which links to the vast A-road and motorway network. St Helens is approximately 11 miles away and Birkenhead is just over 5 miles away.

Premises

Three storey, mid-parade property, briefly comprising:

Ground Floor Shop
Display serve over counter electronic cash register
Health Lottery terminal
Paypoint/Payzone terminals
Confectionery display area
Display shelving to perimeter walls
Double door drinks chiller unit
Single door drinks display unit
Greeting card display area
Newspaper/magazine display area
Ice cream freezer
Cigarette gantry
To the rear:
Stockroom
Kitchenette
Toilet facilities
First floor:
Large lounge
Kitchen
Bathroom
Second floor:
Lounge/bedroom
Bedroom
Lower ground floor:
Cellar
The first and second floors need refurbishment to form owners` accommodation.

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