Property Information
Address:
Coventry, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489174
Property Ref/Agent: 2542-busy-newsagent-with-accommodation-in-coventry-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Leasehold Option: 35,000 + SAV
Hilton Smythe is delighted to welcome to the market this well-established and busy newsagent and convenience store business, ideally located in a prime trading position in Coventry.
The business was established in approximately 1960 and has been in our clients careful ownership since 2005. Only now is the business being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of 174,000 as per 2015 accounts, with a gross profit of approximately 20%.
The turnover is generated from the sale of newspapers and magazines, confectionery, greeting cards, groceries and tobacco products, together with a selection of snacks and drinks.
Our client has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours of the business and possibly offering newspaper rounds to local residents and businesses. A new owner could also increase the grocery lines offered, as well as Paypoint/Payzone facilities or apply for an alcohol licence.
This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.
Leasehold option available 35,000 + SAV
The lease length is to be negotiated.HOURSThe business operates:
Monday - Saturday: 6:00am - 6.00pm
Sunday: 6:00am - 1.30pmSTAFFThe business is owner run with 1 x casual staff member.FINANCIAL PROFILEThe business generates a turnover in the region of 174,000 as per 2015 accounts, with a gross profit of approximately 20%.
;