Retail Property (high street) for saleSt. James Street, South Petherton, Somerset, TA13
Guide Price £70,000
- Business for sale
- Lockup newsagents and convenience store with low rental
- Turnover £6,602 per week plus lottery and paypoint, EBITDA £38,973
- Located on the high street in the centre of the town withexcellent support from the locals
- Excellent scope and potential to expand or diversify
An excellent opportunity to purchase a highly profitable and thriving lock up business within the rural town of South Petherton. The vendors have owned N&D News for 13 years and the premises has been a newsagents for over 25 years.
N&D News is the classic village newsagents and is a true hub of the town. Selling a large range of newspapers and magazines, a small convenience foods section, cards and stationary, confectionary and drinks along with other diverse products such as small toys, ladies handbags and purses, ice creams and also offers a dry cleaning service via a third party.
With a total of 7 daily news rounds and the constant requests for outside the area deliveries there remains a huge scope to increase this business.
Due to operational hours a full lottery service is not currently available, however again, scope remains for the new owners to extend the hours to provide this.
Currently the business turns over in the order of some £343k and this is growing annually, with current adjusted profitability in excess of £38k per annum, the business offers an excellent opportunity to live in a delightful rural setting but still within easy reach of major cities such as Yeovil, and is accessed by the main A303.
The business is a lock up shop offering excellent scope to develop further, to diversify and extend the hours and is available with a new lease and low rental. This represents an excellent opportunity to purchase this thriving business.
Currently shop sales average £6,602 approximately.
Current records and accounts can be inspected when viewing.
Monday - Friday 06:00 - 17:30
Saturday 06:00 - 14:00
Sunday 06:00 - 13:00
Managed by the owners with full/part time staff.
A centrally located terraced lock up shop constructed with local stone as is prevalent to the area. There are double fronted windows with a centrally located doorway. There are flats above the shop owned by the same landlord and there is potential that one of the flats may be available in the future.
The premises is spacious and with clever use of floor space the stock could be doubled leaving scope for an alcohol licence and sales of alcohol.
The shop premises benefit from CCTV. To the rear of the premises the windows are protected with security bars.
The shop is accessed via a double fronted wooden front with a single door. The main trading area covers some 10m x 8m and is well stocked and spacious.
The counter area is positioned to the left hand side of the premises and has the lottery cards conveniently placed upon it. Cigarettes are to the rear of the counter. Following down the full left hand side is a multitude of shelving offering general convenience items. To the rear wall of the shop is additional shelving and displays for the magazines with a doorway leading into the rear stockroom, which also has shelves.
Following round to the right hand wall there is a whole range of stationary, bags and fancy goods and gifts and small toys.
To the centre of the floor running front to back there is 2 card and gift wrap racks, a newspaper stand, a confectionary and crisps stand, and a freezer for ice cream.
The rear stock room measures a total floor area of some 12 m squared and incorporated within is a small partition for the toilet and sink for the premises.
There is no residential accommodation for owners/management available.
The current lease expires in 2023. The vendors have been in communication with the landlords who have advised verbally that they are prepared to grant a new lease to approved candidates at an initial rent of £450PCM. Other terms to be negotiated.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
An excellent opportunity for the first time business owner, or seasoned business person, to acquire a highly profitable business like N&D News, with the potential to support a lifestyle in a beautiful area of the country. Viewing is highly recommended to appreciate the area and lifestyle opportunity offered.
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