Shop for sale
Claire's Newsagents, 11 Church Street, Haydon Bridge, Hexham, NE47 6JG
£375,000
Property Description
Commercial information
- Business for sale
Key features
- Weekly sales: £8.5k -£9k + lotto & Paypoint
- Commissions, Lottery etc c. £8,565 per annum
- Closes 6pm weekdays & 1pm on Sundays
- Double fronted shop, two flats included
- Popular village location, parking to front
- Genuine retirement sale. Energy Rating C
- Christie & Co Ref: 6410993
Full description
Tenure: Freehold
Description
A family run newsagents, off licence and village store, with scope to increase trade further. Current average weekly turnover is £10,000, plus other commissions.
Also included in the sale is a one bedroom flat and a two bedroom flat.
Our client is selling the business in order to pursue retirement.
The property is situated on Church Street in the pleasant village of Haydon Bridge, approximately 6.5 miles west of Hexham and is reached via the A69 trunk road. This is a pleasant, rural village surrounded by countryside. The village is expanding with housing developments, it also has a railway station. In the vicinity is a chemists as well as other complementary businesses.
Internal DetailsThe open plan trading area forms two sections, one section for stationery and gifts which are all well laid out and presented. The other section offers traditional convenience and newsagents with open four deck chiller for alcohol, Hermes Parcel delivery, newspapers and magazine display, chiller for dairy products, a gondola aisle for convenience goods and confectionery, Nescafe coffee station, ice-cream freezer, upright double freezer and household section. Sales counter with cash register, suspended ceiling, CCTV system and air-conditioning.
Ancillary areas include a store room and staff toilets.
On the first floor is a one bedroom flat and a two bedroom flat which have their own access.
The OpportunityThis is an excellent opportunity to purchase this double fronted family run village store and newsagents in a popular rural location, with easy access routes via rail or road to Hexham and Newcastle upon Tyne. This presents a great opportunity for an owner-operator and there is further scope to introduce other services and extend the opening hours.
StaffOur clients both work in the business with the assistance of two staff who work on alternative weekends. There are also two newspaper delivery staff.
Trading InformationThe business trades at £8.500 to £9,000 per week (whilst schools have been closed due to the pandemic) plus commissions from Lottery etc. Figures for the year ending February 2020 show sales excluding VAT of £311.065 producing a gross profit of £68,610 (20.29%) plus £8,565 income from Lottery, PayPoint and others. Average newspaper bill at cost per week between £1,100 to £1,300. In addition one of the flats is let and generates a rental income of £7,450 per annum. Total gross profit £84,625. Adjusted net profits of £48,400.
Trading HoursThe business trades from 6.00am to 6.00pm Monday to Saturday and 6.00am to 1.00pm on Sunday.
Business RatesThe Rateable Value is £6,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.
RegulatoryPremises Licence
More information from this agent
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Energy Performance Certificate (EPC) graphs
Nearest stations
- Haydon Bridge (0.1 mi)
- Bardon Mill (3.9 mi)
Broadband
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To view this property or request more details, contact:
Christie & Co , Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQHow much will it cost me to call the number displayed on the site?
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Floorplans
To view this property or request more details, contact:
Christie & Co , Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQHow 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
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Nearest stations
- Haydon Bridge (0.1 mi)
- Bardon Mill (3.9 mi)
To view this property or request more details, contact:
Christie & Co , Newcastle Upon Tyne
Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQHow 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.
Disclaimer - Property reference 6410993-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co , Newcastle Upon Tyne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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