Freehold Newsagents And Accommodation
Ferryhill, County Durham
- Asking Price: £165,000 +SAV
- Turnover: The business generates a turnover in the region of £395,000 as of the 2016 accounts. Gross profit 15% The below is based on average weekly takings: -News sheet’s - £2,000Paypoint/Payzone commission - £200Lottery Sales - £1,500
- Tenure: Freehold
Hilton Smythe welcomes to the market Kellys Newsagents. The business was originally established in the 1960’s and was taken over by our clients in 2004. The owners have run this business to a high standard and are now looking to sell, due to the desire to focus on other interests. The business runs as a newsagent selling an excellent range of products. Confectionery, newspapers, magazines, e-liquid, greetings cards, cigarettes and household products are some of the ranges the shop offers. The shop also offer extra services which provide a further income, such as the National Lottery, Payzone, scratch cards, UPS parcel collection and a newspaper delivery round. The business offers a newspaper delivery round generating a good steady weekly income of around £2,000 per week. Paypoint and Payzone commission generates a weekly income of circa £200 and Lotto Sales around £1,500 per week. The shop is currently generating an advised turnover of around £395,000, with a gross profit of 15% as of the 2016 accounts. Although this is a healthy turnover, we feel this figure could be further increased. The new owner should look to open later in the evenings. Extending opening hours should allow for more custom each day. The purchaser could also look to cover more stock ranges. Adding the sale of alcohol could hugely benefit this business. The property is a substantial size and so with extra shelving and display racks there will be more space for new product lines. This is a Freehold opportunity that includes a three bedroom owner’s accommodation. The house is ready to be moved into and has been well-maintained by our clients. All equipment in the shop is included in the sale. This is a fantastic opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
The business is run and managed by our clients, with the help of one member of staff.
The business opening hours- Monday: 4:15am – 6:16pmTuesday: 4:15am – 7:30pmWednesday: 4:15am – 7:30pmThursday: 4:15am – 6:16pmFriday: 4:15am – 7:30pmSaturday: 4:15am – 7:30pmSunday: 4:30am – 1:15pm
Kellys Newsagents is located in Ferryhill, County Durham. The newsagent is situated on an arterial road in the town of Ferryhill. This is a residential location, from which the business derives much of its trade. The shop is a 2 minute drive away from the town centre, where there is a variety of independent retail outlets. Close by, there is a driving school, pub, bicycle shop and several more businesses. Ferryhill has all amenities and has a great town council. The town is in the centre of County Durham, a short distance from larger towns. In 2011 there was a population of around 11,000 this has increased slightly over the years. The road on which the business is located runs from the centre of Ferryhill and connects to the A1 motorway at junction 60. The town centre is approximately just a 20 minute drive away from Durham and a 30 minute drive from Middlesbrough. The town also has excellent public transport, with two bus stops directly outside the property. The closest train station is in Bishop Auckland.
Kellys Newsagents is located on the main street through the town. The double fronted shop is well signed with The Sun branding. The property is presentable and clearly visible to passing trade. The owner’s accommodation has its own access from the street, to the left of the shop. The retail area is open plan with perimeter shelving and display stands for newspapers, magazines and cards. The shop boasts approximately 63 sq. meters of floor space. The shop could benefit from central isles to utilise the large space. There are 2 fridges, one for pop and the other for dairy, as well as a freezer. The serving area is to the right-hand side of the shop and is equipped with a full EPOS till, lottery terminal and cigarette gantry. Behind the counter are shelving for stock. There is storage space to the rear of the shop and behind the serving counter. Access to the owner’s accommodation is also from the rear of the counter. The shop benefits from a four camera CCTV system. Equipment included in the sale-CounterLottery terminalScratch card dispenserTillCigarette gantryShelvingRacksCard rackThe Sun newspaper rackOpen front drinks chillerTwo single glass fronted fridges The ground floor of the accommodation is made up of a spacious living room and kitchen. There is also a hall providing access to stairs that lead up to the first floor. The first floor is made up of 2 good sized double bedrooms, a single bedroom and a bathroom with bath. All the rooms in the property are an excellent size and feel bright and airy. At the back of the property is a yard, this is used for storing bins and as a garden space for the house. There is access to the back of the property from the yard. The area benefits from free on street parking both to the front and side of the property.
We are advised the business is being sold as a Freehold opportunity.