Newsagents with possibility of One Bedroom Flat For Sale Somerset, United Kingdom Advert ref: NA479A Business description
The business occupies a corner site and has two large display windows to each side of a glazed entrance door, the recess of which affords two further but smaller display windows. There is a distinct fascia board and fixed canopy over the front of the shop. The shop has a turnover of £170,000 which could be increased if the layout, range and merchandising were reviewed.
Employees: Owner full time with part time assistance
Trading hours: Monday to Saturday 8 am to 5 pm.
Property: Leasehold
Lease terms
We are informed that the lease has 7 years left to run and is renewable. The current rent is £500 per month.
Location
The shop is situated in a busy high street shopping area of a major Somerset town. It is close to all local amenities, and within easy access of the M5 motorway.
Expansion potential
The sales area is approximately 5m x 7.7m and has a grey carpet floor and ample fluorescent lighting. Directly opposite the door are a doubles and a single soft drinks cabinet. Along side are magazine racks displaying an extensive range of magazines.
The counter is on the right behind which a good range of cigarettes and tobacco is stocked. The central gondola is used for displaying sweets, mainly the best selling count-lines. In addition there is an ice cream cabinet and a photocopying machine.
Competition / Market
This represents an ideal opportunity for someone to use their retail experience to improve both the appearance and profitability of this well positioned small newsagents.
With some upgrading of the shop, a revision of the range of goods stocked, and a change in layout and merchandising, it is felt that the right buyer could fully exploit the advantageous location of this business.
Financing available
Apply Lakey & Co
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| | Financial details Asking price: £19,950
Sales revenue: £170,000
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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