Property Information
Address:
Kingston Upon Hull, East Riding Of Yorkshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH522134
Property Ref/Agent: 12621-busy-newsagentconvenience-store-in-keyingham-for-sale
*Please use the agent ref when calling the agent directly.
Property description
OFFERS CONSIDERED
Hilton Smythe is delighted to welcome to the market this well-established and very popular newsagent, off licence, Post Office and convenience store, which is ideally located in Keyingham, East Riding of Yorkshire.
The business was originally established in the 1950s and has been in our client's careful ownership since 2004, with the Post Office added in 2013. Only now is the business being offered to the market due to our client's ill health.
The business currently operates 7 days per week and generates a turnover in the region of 296,500 per annum, with a gross profit of just over 25%, and a Post Office salary of 9,500 per annum.
Our client offers a wide variety of goods and services including newspapers and magazines, convenience items, confectionery, dairy produce, soft drinks, snacks, alcoholic beverages, greeting cards, stationery, scratch cards, Lottery and tobacco products, to name a few. Our client also offers newspaper delivery rounds within the village.
The property boasts approximately 200 sq. metres of floor space with the main shop to the ground floor and three-bedroom accommodation to the first floor, which could be used by a new owner or let out to generate further income.
The business has built up an excellent reputation within the area for the very 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, perhaps by opening longer on Sundays. A new owner could also embark on a modest marketing campaign to promote the goods and services offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.HOURSThe business is open:
Monday - Friday: 6.00am - 9.00pm
Saturday: 7.00am - 9.00pm
Sunday: 7.00am - 12.00pmSTAFFThe business is owner run and managed with 3 x part time staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 296,500 per annum, with a gross profit of just over 25%, and a Post Office salary of 9,500 per annum.
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