Shop for sale

Eggbuckland Road, Plymouth, Devon, PL3

£56,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Established business
  • Prominent location
  • Profitable
  • Expanding area
  • Ideal starter business

Full description

Tenure: Leasehold

Established Newsagents In Plymouth For Sale
Ref 2132


Location
This established and well respected Newsagents is located in the suburb ofMannamead in Plymouth, Devon. It sits within a highly visible and prominent position just off one of the main commuter roads into Plymouth. The area is densely populated with residential properties and is on a main bus route. Plymouth City centre is just 1 mile away where you will find the very popular Barbican and Hoe.


Business information

Asking Price: 56,000 plus SAV
Turnover: 410,429 net of VAT pa
GP: 126,318 (30.77%)
Paper rounds: 25
Stock: 11,000


Leasehold (Freehold available)

Original term: New 10 year lease available
Rent: 12,000 pa
Rates: zero



Business Description

Veritas Business Sales are delighted to offer for sale this delightful Newsagents which is located in Mannamead Plymouth. The business has been established for over 50 years and has been in the careful hands of my client for the past 6 years and is reluctantly being offered for sale so that they can concentrate on other business ventures. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 1 full time and 3 part time members of staff and has an annual turnover of 410,000 with a gross profit of 126,000 (30.73%). Mannamead News retails a range of products such as newspapers, magazines, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, e cigarettes, vape products and stationary. We believe that there is further potential to increase trade by offering additional services, maybe adding an off-license and by extending upon the current opening hours. There are a number of new housing developments being built within the area which would give potential to increase the newspaper delivery rounds and bring more footfall to the area. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 6.00am - 4.30pm
Sunday - 6.00am - Midday

Ground Floor

Retail area comprising: sales counter, 2 electronic cash registers (Casio), drinks fridge (Bartlet), ice cream fridge, printer (Kodak), filing cabinet, various shelves and rotary display stands.
Office comprising: desk, chair, computer with monitor and key board (Dell), printer (Epson), various shelves, sink with drainer, filing cabinet and kitchen cupboard.
Store room with various shelving.
W/C with hand wash basin.


External

Small court yard area


Nearest stations

  • Plymouth (1.1 mi)
  • Devonport (2.0 mi)
  • Dockyard (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Plymouth (1.1 mi)
  • Devonport (2.0 mi)
  • Dockyard (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 2132. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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