Archived
Well Established Convenience Store/Newsagents
Helston, Cornwall
- Asking Price: £239,999 +SAV
-
Turnover:
The business generates a turnover in the region of £335,000 per annum, with a gross profit of approximately 46%.
- Tenure: Freehold
Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent business, which is ideally located within the popular town of Helston, Cornwall.
The business was originally established over 100 years ago, and has been in our clients’ careful ownership since 2007. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement. The business currently operates 7 days per week and generates a turnover in the region of £335,000 per annum, with a gross profit of approximately 46%.
Our clients offer a variety of goods including newspapers and magazines, greeting cards, confectionery, tobacco products and small gifts, to name a few. The newsagents are the only delivery agency within a 10-mile radius and could increase the number of rounds.
The property boasts 57 sq. metres of floor space, is very well maintained and well fitted out to suit the trade. To the first floor is a four bedroom owners’ accommodation, with its own access door from the main street.
The business has built up an excellent reputation within the area for the high quality of the goods offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
The business is owner run and managed with 2 x part time staff members and 13 x paper boys/girls.
The business is open:
Monday – Saturday: 6.30am -5.30pm
Sunday & Bank Holidays: 6.30am – 1.00pm
J J News occupies substantial two storey premises, ideally located within the town of Helston, Cornwall. The business is situated on the very busy Coinagehall Street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The newsagents also benefit from on-street parking facilities close by.
Helston is a town and civil parish in Cornwall. It is situated at the northern end of the Lizard Peninsula and is the most southerly town in Great Britain. According to the 2011 census, the town had a residential population of 11,700. The bustling market town hosts a mixture of Georgian and Victorian architecture. Helston is perhaps most famous for the ‘Furry’ or Floral Dance.
The area of the business is well served by the public transport system, with a bus stop positioned directly outside the property. The nearest railway station is Camborne, which is approximately 8 miles away. The area is also well served by the A-roads, with the A394 being within easy driving distance of the property, which links to the national A-road and motorway networks. Helston is 12 miles east of Penzance and 9 miles’ south-west of Falmouth.
Substantial two storey premises, ideally located within a prime trading location, briefly comprising:
Ground floor with:
Main shop floor split into three defined sections.
Bespoke and high end tobacco sales room with counter and displays.
Central main shop area with:
Serve over counter with EPOS cash register.
Tobacco gantry.
Confectionery displays.
Newspaper and magazine display racking.
Greeting card display.
Gift display area.
Stationery room with shelving and displays.
ATM Machine
Rear kitchen and ancillary area for staff.
Large office.
First floor with:
Large lounge/diner with views to the countryside.
Family bathroom.
Four bedrooms, 3 x doubles and 1 x single.
External:
Good size rear paved garden with storage sheds.
The owners’ accommodation boasts its own entrance door from the street.
Tenure
We are advised Freehold.
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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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