Convenience Store for sale

St. Martins Avenue,Hereford,HR2

£38,750

Property Description

Full description

Tenure: Leasehold

TRADITIONAL NEWSAGENTS/CONVENIENCE STORE - HEREFORDSHIRE
Well appointed and presented throughout
Early viewing essential to fully appreciate
Situated in the bustling area of Hereford
High amount of regular & repeat trade
Advised annual turnover of 150,000
Scope for further development
Ideal partnership opportunity
Genuine reason for sale
LEASEHOLD


Location

The newsagents is located in the desirable tourist town and city of Hereford. Hereford lies on the River Wye, approximately 16 miles (26 km) east of the border with Wales, 24 miles (39 km) southwest of Worcester, and 23 miles (37 km) northwest of Gloucester. With a population of 55,800 people, it is the largest settlement in the county. It is now known chiefly as a trading centre for a wider agricultural and rural area. Products from Hereford include: cider, beer, leather goods, nickel alloys, poultry, chemicals and cattle, including the famous Hereford breed.


Business History

Meridian Business Sales are delighted to offer for sale this superb newsagents which has been established for around 35 years and has been in the careful hands of our clients for the last 7 years. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at 150,000 which is derived from the sale of newspapers and magazines with associated products and general store items. The newssheet is in the region of 690 per week at cost and our clients operate 3 morning rounds. The business enjoys a strong reputation within the local community 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 superb business is not to be missed.


Financial Profile

Turnover: 150,000pa
Stock approximately: 5,000


Tenure

Leasehold
Original length: Rolling
Rent: 6840pa



Opening Hours

Monday: 5:45am - 5:15pm
Tuesday: 5:45am - 5:15pm
Wednesday: 5:45am - 5:15pm
Thursday: 5:45am - 5:15pm
Friday: 5:45am - 5:15pm
Saturday: 5:45am - 5:15pm
Sunday: 5:45am - 12:30pm


Accommodation

Well signed glass fronted property, briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan store

Hot drinks machine

Drinks display

Magazine/newspaper rack

Free standing product displays

Food chiller

Ice cream chest freezer

Sweets/confectionery display

Fitted serving/payment counter

Cigarette gantry

Rear staff area

Storage room

Toilet facilities

EXTERNAL
Large public car park

Nearest station

  • Hereford (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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 station

  • Hereford (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 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.

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