For Sale
Well established freehold newsagent for sale
Kelty, Fife
- Asking Price: £124,995 +SAV
-
Turnover:
We are advised as per the 2022-2023 accounts, the business generated a turnover in the region of £510,000. Further financials can be made available upon request.
- Tenure: Freehold
Please quote reference B07314
Hilton Smythe are delighted to welcome to the market Mitchell's Newsagents, a highly rated newsagents in the village of Kelty, Fife.
Mitchell's Newsagents has been under our clients ownership for over 15 years, building up an excellent reputation and regular customer base in the area.
The business has now come to the open market due to our clients desire to pursue other business interests.
The business offers a wide range of goods from newspapers and specialist magazines, confectionary goods, cigarettes, National Health Lottery, Payzone, Newspaper delivery service, Christmas toy catalogue, fancy goods & gifts and further benefits from having a dedicated gift card area within the well-stocked premises.
There is still plenty of scope to further increase turnover with the revision of opening hours, low cost local marketing via social media and also expanding the retail lines currently stocked within the store.
We feel this is an outstanding opportunity for a new owner to take this popular local business to the next level.
We are advised that the business is run and managed by our client.
The current trading hours are -
Monday – 05:00 - 17:00
Tuesday – 05:00 - 17:00
Wednesday – 05:00 – 13:30
Thursday – 05:00 - 17:00
Friday – 05:00 - 17:00
Saturday – 05:00 – 13:30
Sunday – 06:00 – 11:30
Mitchells Newsagents is located on Main Street in the village of Kelty, Fife and receives high levels of footfall and passing trade.
It's a short distance from the main M90 motorway link giving access to the rest of central Scotland.
The business further benefits from being located within a well-established residential area leading to a high level of passing trade.
Occupies a double fronted retail unit.
Entered from ground level via a double glazed UPVC door into a bright and well-presented front shop area and briefly comprising -
- Main shop area with serving counter & till area
- Cigarette gantry
- Centre confectionary display stand
- Various perimeter racking and shelving
- Well stocked gift card area,
- Rear office with good general storage area
- W/C
Tenure
We are advised that the business is being sold on a Freehold basis.
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Representative Example
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
Rates may differ as they are dependent on individual circumstances. Subject to status.
