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£0 £1000000

Well Established Newsagents For Sale

Nottingham, Nottinghamshire

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Under Offer

£49,999 +SAV

Ref: B06148

Leasehold

Overview

Please Quote Reference B06148

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a Leasehold basis) an exceptionally well run and performing, “turn key” newsagents’ business with an excellent reputation.

The business has only now been placed on the open market as it is our clients desire to leave the industry and take well-earned retirement after many successful years of trading.

Trinity News has been operating under the careful and meticulous ownership of our clients for the last 33 years and who have grown the business in this time with turnover and profit at consistent levels.

The business offers a wide range of goods and services, including tobacco and vaping products, confectionery, Stationery, top up cards, Pay Point, Lottery (approx. £1500 - £2000 per/week) along with a variety of magazines and newspapers.

Additional Income is generated via the ATM Machine (Note Machine £4000 per annum), along with Parcel Service, DHL, DPD, Amazon and Collect+ services.

We feel there is also potential to increase turnover with the introduction of additional opening hours, expanding some of the retail lines currently stocked to include alcohol sales along with the possible undertaking of a robust localised marketing campaign

Scope for Change of Use to Cafe or Barbers

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry or similarly an ideal business for a husband-and-wife team to take on.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment.

Turnover
We have been advised as per the 2019 Accounts the business genereated in the region of £250,000 plus. 

Further financial information can be made available upon request.

Please Quote Reference B06148

 

We are advised the business has 1 Full Time and 3 Part Time staff members.

We are advised the business hours are as followed:

Monday - 07:30am - 17:30pm

Tuesday - 07:30am - 17:30pm

Wednesday - 07:30am - 17:30pm

Thursday - 07:30am - 17:30pm

Friday - 07:30am - 17:30pm

Saturday - 07:30am - 17:30pm

Sunday - Closed

The business is located in a prime area within the city of Nottingham, situated 100 yards from the Victoria Centre which is the main shopping centre in Nottingham, and benefits from being surrounded by a host of businesses and restaurants such as Cineworld, Eon Energy, Pizza Hut, Revolution, Subway, Wagamama, Cosmo, Curious Manor, and a student accommodation complex for 700 students, as a result the business benefits from an excellent level of footfall and passing trade.

The business is located in a bright, well presented ground floor premises in an ideal trading location, briefly comprising, newspaper and magazine display racking, various chiller units, perimeter shelving, service counter with cash register and tobacco gantry, confectionery displays, National Lottery display stand. rear shop with storage area and W/C

The business has excellent signage and is highly visible.

Tenure
We have been advised the business is being sold on a Leasehold basis at £12,000 per annum, a new 10 year lease can be negotiated.

 

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