Shop for sale

Beaumont Newsagent, Morpeth, Northumberland, NE61

Offers in Region of £85,000

Property Description

Key features

  • Long established businesses in desirable Northumberland town
  • Superb location in prosperous residential area
  • Turnover in excess of 7000 per week
  • Potential for growth in Off Licence sales
  • Self contained 2 bedroom owner's apartment / residential let

Full description

Tenure: Leasehold

DESCRIPTION
EM&F are delighted to offer for sale this popular
Newsagents and Off Licence, the present owners
having decided to retire after more than 15 years
running the business. Offering both counter news and a
delivery service, the shop itself is a real community
asset serving a large and prosperous residential area to
the Southwest of Morpeth town centre.

Stocking a full range of news titles, along with periodicals, a card bar,
National Lottery, alcoholic and soft drinks, sweets and
snacks, and a range of convenience lines, Beaumont
Newsagents serves as an essential resource to local
residents as is recognised by the substantial and
consistent turnover achieved.

Enjoying a prominent position on a parade of shops, the
business enjoys strong footfall. The premises contain a
fully equipped and well appointed retail area to the front
with substantial storage and office space to the rear. The
business also benefits from a 2 bedroom apartment
situated above the retail premises. Being entirely self-contained,
this would provide ideal owner's accommodation or can be sub-let to provide an
additional income stream.

LOCATION
The historic market town of Morpeth, surrounded by
wonderful countryside yet within easy reach of the major
city of Newcastle Upon Tyne due to the proximity of the
A1 trunk road, is one of the most popular in
Northumberland and provides a fabulous place to live
and work. Beaumont Newsagents lies close to the heart
of the town, yet within a large and affluent residential
area. Situated on a parade of shops specifically
designed to serve this community, the business enjoys
plentiful free parking and substantial footfall drawn to
the parade from the surrounding homes.

BUSINESS PREMISES
The business operates from a two storey terrace
building of brick construction. On the ground floor lies a
double fronted retail unit of some 67 square metres,
which can be accessed from doorways to both the front
and rear, while the first floor provides residential
accommodation (see below).

The retail unit frontage features 3 large picture windows
and a front door leading through to the well equipped
and attractively presented shop itself. A counter area
lies to the left rear of the shop, with access giving onto a
large area given to well-maintained offices & toilets and
clean and secure storage locations.

ACCOMMODATION
The lease includes a self-contained 2 bedroom flat
above the retail unit which is currently sub-let on a short
term basis. With parking to the rear of the premises and
access via a separate enclosed door and stairway, the
accommodation includes hall, kitchen, bathroom,
lounge, large double bedroom and second bedroom.
The apartment would provide ideal owner's
accommodation were this required.

BUSINESS
While retaining a strong traditional Newsagency
element to the business, Beaumont's has broadened it's
product and service offerings to maintain profitability and
diversify income streams. Both news rounds and counter
news sales remain strong, with a news bill in the region
of 4200 per week.

This business is supported by a
varied product offering within the shop where
magazines, periodicals and greetings cards are available
along with range of "convenience" lines and the usual
soft drinks, sweets and snacks. The business is now
licensed for the sale of alcohol and this area provides an
opportunity for future turnover growth. A full range of
National Lottery services is provided and the business
acts as an outlet for 3 parcel post companies.

TRADING HOURS
The business operates from 5.00am to 6.00pm Monday
to Saturday and from 5.00am to 1.00pm on Sundays.

STAFF
The business employs 4 part-time staff for a total of
approximately 85 hours per week in addition to the
owner who works approximately 30 hours per week.

FINANCIAL INFORMATION
The latest accounts show turnover in excess of
375,000 per annum with a gross profit of
approximately 87,000. Expenses are well controlled
and the Adjusted Net Profit for the business based on
two owners working full time is in excess of 47,000 per
annum. Full accounts can be made available at a
viewing of the business.

COMMENTS
Beaumont Newsagents is coming to market for the first
time in over 15 years, a fact which bears testimony to
the stability and profitability it provides. A genuine
retirement sale, opportunities such as this do not crop up
everyday.

TENURE
The business premises and associated residential
accommodation are held on a leasehold basis. The 10
year lease has recently been renewed, with a 5 year
break clause and is subject to 5 yearly rent review.

PRICE
New Price - Offers In The Region Of 85,000 for the
benefit of the Leasehold, Goodwill, Fixtures, Fittings and
Equipment (according to inventory). Stock to be
purchased separately at cost value.


Energy Performance Certificates (EPCs)

Nearest stations

  • Morpeth (0.7 mi)
  • Pegswood (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Yorkshire

Parkside House, 17 East Parade, Harrogate, North Yorkshire, HG1 5LF

01423 429061 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

  • Morpeth (0.7 mi)
  • Pegswood (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Yorkshire

Parkside House, 17 East Parade, Harrogate, North Yorkshire, HG1 5LF

01423 429061 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 T33055YK. 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 EM&F Group, Yorkshire. 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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