£0 £1000000
£0 £1000000

Newsagents in Busy Seaside Resort

Hartlepool, County Durham

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£179,000 +SAV

Ref: 2453 A

Freehold

Overview

Hilton Smythe welcomes to the market Seaton News. This prominent newsagents was originally founded in the 1950’s and has been under the careful ownership of our clients since 2005. The business reports a fantastic turnover of £350,000 per annum with a gross profit at circa 22%. Seaton News is very well supported not only by the local community but by the honeypot of tourists visiting the region. Revenue is generated through the sales of newspapers, magazines, confectionary, cigarettes, soft drinks, greeting cards, postcards, Lotto tickets, Paypoint and Hermes delivery service. Additional income is derived from popular newspaper delivery rounds in the vicinity. There is a room to the rear used as a small storage area and for sorting papers, it might be possible to reconfigure this space to allow additional shelving to extend the retail area and introduce new lines such as groceries or alcohol. Additionally, the business benefits from substantial owner’s accommodation above the business with 3 double bedrooms. This is a long established business, ideal, perhaps for a couple or family looking for a lifestyle change in this vibrant resort.

Turnover
The business reports a fantastic turnover of £350,000 per annum with a gross profit at circa 22%. The above figures include:-Lotto sales circa £1500 per week andNews sheets between £1500 - £1900 per week.

The business is owner run and managed by our clients with the assistance of 9 paperboys/girls, 1 full time member of staff and 2 part time.

The business opens:- Monday to Sunday 5.00am to 6.00pm

Seaton News is located in the seaside resort of Seaton Carew in County Durham. The business occupies a prominent trading position on The Front. The main thoroughfare in the town. Seaton News sits within a parade of busy retail outlets, eateries, public houses and other town centre amenities, a seafront position ensuring constant high footfall throughout the day. Seaton Carew is within the borough of Hartlepool. The town is situated on the North Sea coast between the bustling town of Hartlepool and the mouth of the River Tees. The area is visited by thousands of tourists and day trippers each year, drawn by the spotless miles of sandy beaches, promenade, arcades and eateries. Seaton Carew is served by the A178 and boasts its own railway station.

Double fronted mid parade premise briefly comprising:- Good signage to the front with large window displays. Main retail area with racking to perimeter walls, long serve over counter with cigarette gantry and further shelving behind. Double drinks chiller, ice cream freezer, 2 smaller fridges and card display. The business is fully shuttered and benefits from street parking directly to the front. The owner’s accommodation is accessed from the rear of the shop and briefly houses the kitchen and bathroom on the ground floor. The living room and one double bedroom on the first floor. A further two double bedroom and toilet are on the second floor. There is a access to a yard at the rear.

Tenure
We are advised freehold.

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