Property Information
Address:
Liverpool, Merseyside
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489531
Property Ref/Agent: 1864-well-established-newsagents-in-liverpool-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this newsagent business in Liverpool, Merseyside. The business was established by our client over 50 years ago, and is only now being offered to the market due to our client's desire for a well earned retirement. The business is open 7 days per week and generates a turnover in the region of 463,000 as per 2015 accounts with a gross profit of approximately 10%. Butterfields generates its turnover through the sale of newspapers, magazines, cards, tobacco products and convenience lines, as well as Paypoint, Payzone and the Health Lottery.
There is scope to increase turnover by embarking on a modest marketing campaign and possibly extending the opening hours. A new owner could increase turnover further by introducing alcohol sales subject to necessary licenses. A Lottery terminal has was recently installed within the business, which will increase the turnover.
The property benefits from 2-3 bedroom accommodation, which could be used as owners' accommodation or let out to generate further income. This is an excellent opportunity for a new owner to take this thriving and profitable business to the next level; therefore early viewing must come highly recommended.TENUREWe are advised Freehold.
A Leasehold option is also available at 99,950 with a new lease to be negotiated.
Rent will be around 12,000 per annum.HOURSThe business is open:
Monday - Saturday: 6.00am - 6.30pm
Sunday: 6.00am - 1.30pmSTAFFThe business is owner run and managed with 4 x part time staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 463,000 as per 2015 accounts with a gross profit of approximately 10%.
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