Archived
Local Post Office And Convenience Store
Tamworth, Staffordshire
- Asking Price: £49,950 +SAV
-
Turnover:
Mr News generates an advised turnover currently of circa £190,000 through the shop and an advised Post Office salary of £12,000.
Please quote reference 14681
- Tenure: Leasehold
Please quote reference 14681
Hilton Smythe welcomes to the market Mr News.
The business was founded in the 1960’s and the current owners have run it successfully for the last seventeen years and are now reluctantly selling only because of their wish to enjoy a well-earned retirement.
Mr News is a Post Office and Convenience Store selling amongst other things;
Newspapers and magazines
Confectionery
Tobacco products
General groceries
Greeting cards
Stationery
Dairy products i.e. milk and eggs
Crisps and snacks
Household cleaning products
Ice cream
Vaping
Additionally, the business offers other services such as parcel drop off and collection and dry cleaning. The business takes approximately £1,200 per week on Lotto and scratch cards and has a healthy news bill of £1,500 per week with four morning delivery rounds.
Mr News is a lovely little business and really is the heart of the local area with its owners being well liked and respected members of the community. The business has loads of regular customers many of whom are known on a first name basis by the owners and also enjoys passing trade as a result of its main road position.
Scope to improve;
Advertising and marketing campaign
Maximise the use of social media
Extend the opening hours
Apply for alcohol licence, alcohol sales could increase turnover considerably.
Offer a free delivery service for groceries, lots of older residents who struggle with shopping.
Consider selling sandwiches and hot snacks at lunchtimes.
Hilton Smythe highly advise early viewing to avoid disappointment.
The business is run and managed by our 2 clients.
Monday - Saturday 5.00am-5pm
Sunday – 5.00am-1.00pm
Mr News is located in Kingsbury, Warwickshire.
Kingsbury is a large village and civil parish in the North Warwickshire District Of the county of Warwickshire, in the West Midlands.
The village is situated between Birmingham and Tamworth which is 6 miles to the north and overlooks the River Tame. The A51 to Chester starts from here, as does the A4097 which runs through Curdworth and Minworth before joining the A38. This continues to Junction 6 of the M6 (Spaghetti Junction) giving access to the motorway network of the Midlands and the City of Birmingham.
Kingsbury is notable for the Kingsbury Water Park, a shooting range and a large storage depot to the north-east.
Kingsbury is now mainly a large commuter village. Although it is relatively small, the village has facilities and services including a primary school, a secondary school, a swimming pool, two public houses, a country club, churches, a doctors surgery and a busy shopping parade where Mr News is situated.
Mr News occupies the end position of a busy and vibrant shopping parade meaning that shoppers must pass the business to visit the other complimentary retail businesses in the parade.
The business is nicely presented and well signed and there is free on street parking just across from the premises as well as a free shopper’s car park to the rear.
Mr News occupies the end unit in a purpose-built shopping parade and is presented to a high standard with bright visible signage to the front with a pull-out sun blind and briefly comprises;
Shop
It is a generous shop with windows and a glazed door to front creating a light airy interior. Suspended ceiling with concealed lighting and tiled floor, glass topped ice cream freezer, perimeter shelving to three sides along with a long central shelving gondola.
There is newspaper racking to front of shop, open drinks chiller, freestanding hanging unit for the display of hats and gloves, Lotto stand, stationery section, crisp and snacks baskets alongside confectionery shelving, long greeting card racking, open plan post office counter to rear with generous wrapping area, till card machine, scales etc.
Bespoke sales counter with till and cigarette gantry to side and till and Lotto terminal.
Stock Room
There is a useful stock room to the rear of the shop with perimeter shelving and floor storage space. There is a door to the rear car park area.
WC
There is a staff toilet with hand wash basin and perimeter shelving.
The premises are secured by a Post Office, monitored alarm system which is provided free of charge by the Post Office. There is also a CCTV system with 4 cameras; two externally and two internally.
Tenure
We are advised that Mr News is being sold as a Leasehold business opportunity. A particular feature of this business is the very attractive council lease, the original ten year lease has approximately nine years left to run and the rent is an extremely reasonable £300 per month.
There are no business rates currently payable.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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