Shop for sale

Towlers Newsagents, 68 Market Place, Thirsk, NorthYorkshire, YO7 1LW

£125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Average weekly turnover c.13,000 + Lottery
  • 2 large flats above avail. by seperate neg.
  • Adjusted net profit 67,719, mostly staff run
  • Town centre location, no alcohol sales
  • Retirement sale after 14 years
  • Freehold option available, 2 flats included. Energy Rating C

Full description

Tenure: Leasehold

Description

Our client is retiring after 12 years running this very profitable business. We feel this offers a new owner an opportunity to work full time and make cost savings. The store has loyal trade from large newspaper deliveries and is a popular, well-known store in the area selling toys and gifts, all with high profit margins. Trade is derived from both local residents and tourists visiting the town. Trade has increased from 2017 to 2018.

Location

The business occupies an excellent site in the centre of the busy market town of Thirsk, with car parking immediately to the front. There is a high level of trade from within the town including local residents and tourists.

Internal Details

A very pleasant, clean and tidy retail area with suspended ceiling and LED lighting, sales counter with two cash registers, weighed and jarred confectionery, on line Lottery terminal, display of newspapers and magazines, greetings cards, toys and gifts. Chilled drinks, sandwiches, tobacco products and E-cigarettes. Ancillary areas include store room and staff toilet.

Tenure

Our client is the freeholder and intends to create a new lease for 15 or 20 years on negotiable terms, at an annual rental of £20,000 for the store, with further rental for the flat if required.

The owner will consider selling the freehold of the whole property together with the business. Please ask for further details.

Letting Accommodation

There is a two bedroom and a three bedroom flat above the store which are potentially available as a separate lease.

The Opportunity

This is a genuine retirement sale, our client has run the business for many years and a new owner may wish to work with family full time in the store and make cost savings, potentially introducing new ideas to this already established business.

There are two takeaways and a Wetherspoons pub next to the shop. Scope exists for late opening hours into the evening.

Staff

Our clients work in the business part time on four and three days respectively. Most of the hours are covered by staff and newspaper delivery personnel.

Trading Information

Turnover to year ended 31 January 2018 was £612,832 excluding VAT, plus £6,435 rental income from the flat, plus commissions from Lottery of £6,933.

Trading Hours

The business opens
5.30 am to 5.30 pm Monday to Saturday
5.30 am to 2.00 pm Sunday


More information from this agent

Nearest station

  • Thirsk (1.3 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest station

  • Thirsk (1.3 mi)
Distances are straight line measurements from centre of postcode

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