Retail Property (high street) for sale

Newborough, Scarborough, North Yorkshire, YO11

Guide Price £25,500

Property Description

Key features

  • Extremely busy newsagents, excellent coastal location
  • Annual turnover 187,617 approx.
  • Excellent main road location
  • Viewing highly recommended

Full description

DESCRIPTION
This is an excellent opportunity to purchase a very well established and profitable newsagents, with excellent potential for future growth. The business occupies a prominent main road trading position, in the very heart of the North Yorkshire coastal town of Scarborough.

"As a holiday destination, Scarborough really does have it all; dramatic cliffs and castle headland, award-winning beaches, historic harbor, family attractions, booming town centre and a warm Yorkshire welcome to match. The dramatic scenery of the Yorkshire Coast makes Scarborough a perfect base from which to explore this most diverse region of Britain."
Visitscarborough.com

This fantastic newsagents is located in a prominent main road position at the very heart of the town, within a large number of quality residential dwellings and other small businesses, all within the immediate locality. The business is also within a short distance to the beach. There is excellent passing trade from both regular customers, as well as a very high number of holiday makers to the area.

Having successfully operated as a retail outlet in the town for over 30 years and under current ownership for nearly 2 years, this highly renowned business has earned excellent an reputation for offering the best quality newspapers, magazines, lottery, sweets, tobacco, to the local community. These services always come with a warm, friendly and a very local service.

The business therefore enjoys an extensive and loyal customer base, attracting repeat trade from the immediate vicinity. The business operates from a highly visible single fronted shop premises, which is presented to a very high standard, with an excellent range of fixtures and fittings to go with the sale. The business comes with a full CCTV package.

Akshar News is a thriving and lucrative business, which is run by the owners and one part time member of staff. This business is an essential piece within the local community, with high footfall due to the coastal location.



This business operates 7 days of the week and offers excellent scope for future growth and improvement.

The business would therefore ideally suit an ambitious and energetic couple or family, that have the opportunity to extend and add to the stock already on offer at this excellent newsagents.

A focused buyer could easily add many enhancements that will undoubtedly increase the already impressive weekly sales, whilst also enabling the additional staffing levels to be kept to a minimum, therefore maximising overall profitability.

This is a first class, high turnover, excellent business opportunity with fantastic scope for future growth. A viewing is therefore highly recommended to avoid disappointment.

ANNUAL SALES
Currently shop sales average 187,617pa.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Saturday 7am - 5pm
Sunday 9am - 2pm

STAFF
The business is operated by the owners and one part time member of staff.

PROPERTY
The highly visible single fronted premises occupies a prominent main road town centre position. This is a lockup business.

TRADING AREAS
The main serving and till areas for the newsagents are located to the rear of the business, where a storage/office/general area can also be found.

The main retail area running both to the left and to the right upon entrance to the business has an array of cooler displays, fridges, freezers and all sorts of different shelving around the sides of the business.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners or management available.

TENURE
We are advised that the property is available as a leasehold, with over 3 years remaining and a monthly rent of 458.

SUMMARY
A fantastic and rare opportunity to purchase a highly profitable business, with terrific potential for future growth and improvement. To avoid disappointment, a viewing is highly recommended.

More information from this agent

Nearest stations

  • Scarborough (0.4 mi)
  • Seamer (3.0 mi)
  • Filey (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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

  • Scarborough (0.4 mi)
  • Seamer (3.0 mi)
  • Filey (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 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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