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Claire's Newsagents, 11 Church Street, Haydon Bridge, Hexham, NE47 6JG

£350,000

Business rates & charges may apply

Christie & Co, Newcastle Upon Tyne
SECTOR

Shop for sale

Key features

  • Turnover YE Feb 2021: £478,754 + VAT
  • Commissions, Lottery etc c. £11,121 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

Property 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

Well fitted and smart village convenience store. Non-slip floor, suspended ceiling, air conditioning, CCTV. U-shape trading area due to being two shops combined into one. Wall shelving, displaying convenience foods, 4m open multi-deck chiller for soft drinks, sandwiches, dairy products. One central gondola aisle - crisps, bread, cakes. One double upright freezer, wall shelving for household products, toiletries, pet foods. Small ice cream freezer. Fruit & vegetable area, coffee machine, microwave, and bagged sweets.

Large newspaper & magazines display, four greeting cards stands, stationery, wrapping paper, party items. Confectionery display racks, 3m multi-deck open chiller for alcohol. Sales area with two cash registers, online lottery terminal, PayPoint, Hermes, spirits,and tobacco.

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 average turnover for year end 28 February 2021 was £9,200 plus vat per week, plus £11,121 commissions from lotto, PayPoint and others. Producing a gross profit of £93,816, with an adjusted net profit of £77,000. Plus £6,900 from the rental income of one of the flats, (our client the seller lives in the other flat).

Average newspaper bill at cost per week between £1,400 to £1,500. In addition, one of the flats is let and generates a rental income of £7,450 per annum. Total gross profit £84,625.

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

Energy Performance Certificates

EPC 1

Brochures

Claire's Newsagents, 11 Church Street, Haydon Bridge, Hexham, NE47 6JG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Haydon Bridge Station0.1 miles
  • Bardon Mill Station3.9 miles

About Christie & Co, Newcastle Upon Tyne

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

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll disco

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Notes

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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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