Shop for sale

Chantry News, 271 Hawthorn Drive, Ipswich, Suffolk, England, IP2 0QG

£225,000

Property Description

Commercial information

  • Business for sale

Key features

  • Total sales Y/E 05/04/2017: 1,305,450
  • G.P. Y/E 05/04/2017: 253,239 inc commission
  • Well established & traditional newsagent
  • Average 5,500 weekly news bill
  • 2 separate 3 bed maisonette accommodation
  • Ideal second business for existing operator. Energy Rating D

Full description

Tenure: Leasehold

Description

The shop is within a multi-storey building, which is part of a traditional mid 50's shopping parade. The newsagent is located on the ground floor and the two separate maisonettes are located above.

Location

Chantry News is located in the centre of a large housing estate within a traditional shopping parade, with other associated businesses including a convenience store, hot food takeaways, Post Office and bakery.

Ipswich is the county town of Suffolk and can be reached via the A12, with London approximately 75 miles to the south, Great Yarmouth approximately 50 miles to the north and also via the A14, with Cambridge approximately 60 miles to the west.

Ipswich also benefits from having an intercity rail link direct to London Liverpool Street.

Internal Details

Chantry News has a floor area of approximately 800 sq ft and is fitted and equipped for the sale of newspapers, magazines, confectionery, cigarettes, greetings cards, chilled drinks, stationery and various convenience products. The newsagent further benefits from being a National Lottery and PayZone agent.

To the rear there is a stockroom, office, staff WC and a newspaper sorting area.

Fixtures & Fittings

We are advised by our client that all of the trade fixtures and fittings are owned outright.

External Details

There is off-road parking to the front of the business for approximately 20 cars and an additional car park nearby.

Owner's Accommodation

There are two, self-contained maisonettes each comprising three bedrooms, lounge, kitchen and bathroom/WC and are both accessed via a separate entrance.

Both maisonettes are included within the lease and the total rent payable.

The Opportunity

Chantry News is a traditional and well established newsagent and has been owned and operated by our client since 1985, during which time he has developed and extended the business with 30 delivery rounds including two large van delivery country rounds, two community shops, eight hotels and three nursing homes, totalling 1,100 daily deliveries, plus 50 daily shop keep papers, resulting in an average weekly news delivery bill of £5,500.

The location could benefit from the addition of convenience goods and an off licence.

Staff

The business is run by one full time owner with the assistance of nine part time members of staff, with the addition of newspaper delivery staff including van delivery drivers.

All staff are covered by TUPE as part of employment law.

Trading Information

Total sales for the year ended 5 April 2017 were £1,305,450, which is split with £862,596 in newsagent sales and £442,854 in PayZone cash, resulting in a gross profit of £253,239, which includes commissions from both National Lottery and PayZone.

Further and more detailed trading information will be made available to interested parties following a formal viewing of the business.

Trading Hours

Monday to Saturday: 5:15am to 5:00pm
Sunday: 5:15am to 12:30pm

Business Rates

The Rateable Value is £21,000 for the year commencing April 2017.


More information from this agent

Nearest stations

  • Ipswich (1.0 mi)
  • Derby Road (2.6 mi)
  • Westerfield (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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

  • Ipswich (1.0 mi)
  • Derby Road (2.6 mi)
  • Westerfield (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Ipswich

Hyde Park House Crown Street, Ipswich, IP1 3LG

01472 565052 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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