Sold
Well Established Newsagent & Convenience Store
Bracknell, Berkshire
- Asking Price: £170,000 +SAV
- Turnover: Available upon request
- Tenure: Leasehold
Hilton Smythe welcomes to the market this well priced Newsagents/convenience store easily managed from well fitted premises of approximately 53 sqm, offering a wide range of products to Include newspapers, lottery, tobacco, cards and stationary, sweets, vapes and much more. It is situated in a busy location in the new modern high street with much passing trade and is the only store of this type in this location so offers tremendous potential.
We believe from the owner that the shop turns over around £18,000 per week and a has a higher than normal profit margin compared to normal newsagents because of its exclusivity, being on its own with no direct competition. We are informed the business reports 100% profit on sweets, 200% on vapes, 20% on tobacco and up to 60% on alcohol.
There main sales come from Tobacco £6,000 per week, Lottery £1600 per week, Alcohol £1,000 per week, news £1100 per week, drinks £1500 per week, vapes £700 per week and sweets £400 per week. They also carry out a milk and paper round to 52 different businesses in the locality, which is very profitable.
There are still improvements that could be made to take the shop to the next level, to include longer opening hours, more deliveries and even to include a post office if wanted.
We are advised by the owners that they have been approached previously regarding this, but decided against it because they felt it would make them too busy.
An internal inspection is very highly recommended to appreciate the potential and position on offer.
The business is currently run by the owners.
Monday 6:00 a.m. to 5:30 p.m.
Tuesday 6:00 a.m. to 5:30 p.m.
Wednesday 6:00 a.m. to 5:30 p.m.
Thursday 6:00 a.m. to 5:30 p.m.
Friday 6.00 a.m. to 5:30 p.m.
Saturday 6.00 a.m. to 5:30 p.m.
Sunday 7:30 a.m. to 4.00 p.m.
Cheney’s is situated on the High street in Bracknell, a very modern shopping centre street with good passing trade and 2 large multi storey car parks to service the local area.
Bracknell is a town and civil parish in the Borough of Bracknell Forest in Berkshire, England. It lies 11 miles to the east of Reading, 9 miles south of Maidenhead, 10 miles southwest of Windsor, 16 miles northwest of Guildford and 34 miles west of central London. The town had a population estimate in 2016 of just under 83,000.
Fantastic access is easily gained to all surrounding areas via various A roads together with the M4 and M3 Motorways, which easily connect to the M25.
The shop has been run by the current owners for around 14 years now. They have built up a well-established reputation, with a large repeat custom base. They are now looking to move on to the next stage of their life and pursue other business interests.
The easily managed premises comprise of main shop area, store room, small office and WC. Rear access leads to a parking area for 2 vehicles.
There are a wide range of fixtures and fittings included within the sale as follows, 2 x tills with counters, ice cream freezer, 2 double drinks chillers, 3 single drinks chillers, chest fridge, scales and a range of display shelving, racking etc.
We also have 12 x CCTV security cameras, with the shop being sold as seen for a ready willing and able purchaser. Viewing a must to appreciate how busy a store this is.
Tenure
We are advised that the business is being sold as a leasehold opportunity with a 15-year renewable lease, which we believe has around 3 years left to run. The rent payable is £27,600 per annum.
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