Sold
Busy City Centre Newsagents for Sale
Bath, Somerset
- Asking Price: £94,950 +SAV
- Turnover: The business reports a fantastic turnover of £546,500 with reported gross profit at 26%.
- Tenure: Leasehold
CoGoGo is delighted to introduce to the market Good News Bath. The business was established over 15 years ago and has been under the careful ownership of our client since 2009 and is very well supported by the local community in addition to benefitting from ample passing trade. Good News Bath sells a wide range of products including newspapers, magazines, sweets, ice creams, snacks, soft drinks, water, cigarettes, e-cigs, cards, stationary, over the counter medicines, tourist maps, park games plus hot coffee and freshly made sandwiches and rolls. The business is very well presented both externally and internally and holds a 4 star food hygiene rating. There is also a small range of every day essentials. Additional revenue is generated from a large newspaper delivery round providing to 500+ residential homes per day plus 8 major hotels. Good News Bath is also a collection point for MyHermes parcel delivery and collection service generating around £40 per week commission and sells Lotto tickets, scratch cards and offers a Payzone facility. The business is highly profitable, seeing phenomenal turnover, mainly due to the fantastic trading position, seeing around 450 transactions daily. However, we believe there is still potential for growth perhaps by introducing alcohol sales or extending the everyday essential product line or increase opening hours into the early evening to further profit. Early viewing of this very successful walk in business opportunity in this affluent city is highly recommended with the business genuinely coming to the market due to our client’s family commitments.
The business is owner run and managed by a successful husband and wife team with the assistance of 12 paperboys and girls, 2 staff working Saturday's and one member of staff on Sundays.
The business opens:- Monday to Saturday 6.00am – 6.00pmSunday 6.00am – 4.00pm
Good News Bath is located in the vibrant City of Bath in Somerset. The business is ideally located in the heart of this historic city, close to the Georgian Queens Square, The Royal Crescent and the Circus, all very popular tourist sites. On a main road, the business benefits from significant footfall. Bath is a world heritage site and is the third most visited city by tourists in the UK and well as being home to a population of around 88,860.
Single story mid parade premise briefly comprising:- Glass fronted with window display, situated on a popular and busy street. The whole area is made of distinctive Bath Stone. The main retail area has shelving and racking to suit the trade. The shop is well stocked and houses 3 two door glass fronted chillers for soft drinks, 1 two door chiller for sandwiches and milk. There is a chest Ice Cream freezer, confectionery displays and newspaper/magazine racks. The premise is decorated to a high standard with hard wearing carpets throughout. The serving counter is at the rear of shop where cigarettes are also located. A substantial stock room and office area is behind the counter with ample racking and shelving.With an additional useful store cupboard. There are separate toilet and hand washing facilities. To the rear is a kitchen housing fitted units, sink and drainer with hot and cold water and grill griddle machine. Equipment includes IBM EPOS till system, card payment facility, Payzone terminal, Douwe Egbert coffee dispenser, 1 microwave oven and grill/griddle in the kitchen. The business is well signed, alarmed and has a 3 camera CCTV system in situ.
Tenure
We are advised leasehold. The original lease length is 10 years with 5 years remaining. Rent is £14,600 per annum.
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