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.

Location

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 Details

The 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.

Letting Accommodation

On the first floor is a one bedroom flat and a two bedroom flat which have their own access.

The Opportunity

This 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.

Staff

Our 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 Information

The 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 Hours

The business trades from 6.00am to 6.00pm Monday to Saturday and 6.00am to 1.00pm on Sunday.

Business Rates

The Rateable Value is £6,500 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises Licence


More information from this agent

Nearest stations

  • Haydon Bridge (0.1 mi)
  • Bardon Mill (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • Haydon Bridge (0.1 mi)
  • Bardon Mill (3.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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.

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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