Busy Newsagent, Off Licence And General Store Premium Advert

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Status
FOR SALE
Advert ID
202435
Reference
14227 G / RightBiz

Details

LOCATION
St Johns News is located in the busy residential area of Lakenham, within Norwich, Norfolk.
The business sits within a busy parade of independent retail stores including a pharmacy, chippy, hair salon, all serving the large local residential community.
There is parking available directly outside the premises.

BUSINESS
Hilton Smythe welcomes to the market St. Johns News, our client has run the business for around 4 years, with the business now coming to the market due to a change in circumstance for our vendor.
The business is a busy newsagent, off licence and general store. St Johns News is well supported by the lo-cal community. Revenue is also derived from sales from the National Lottery, Payzone and cigarettes and tobacco products.

There are two store rooms at the rear of the retail unit, opening up the potential to possibly extend the re-tail space and allow for additional product lines.
A new owner may also consider advertising on social media, a cheap why of advertising the business to new custom. Also introducing a delivery round in the area could prove beneficial.
Hilton Smythe highly advise early viewing to avoid disappointment.

PREMISES & EQUIPMENT
Well-presented retail unit circa 74sq m

Good signage.

The shop is entered from the road and has aisles of shelving and many wall shelving units. There are ample display fridges and drinks chillers.

The counter is located at the front of the store.

Past the main shop area is the first store room with further shelving, small kitchen area and toilet facilities off.

To the rear is another store room with access to the rear garden.

TENURE
We are advised the business is being sold as a leasehold business opportunity.
With a new lease to be granted by our client, who owns the Freehold.
Rent: £15,000 per annum


HOURS
The business opening hours:

Monday- Sunday 6am – 10pm



STAFF
The business is run and managed by our client, with the help of 2 full time members of staff.

FINANCIAL PROFILE
To be confirmed.
Listing Details
Leasehold Price: £125,000
Tenure: Leasehold
Sector: Newsagents, Convenience Stores
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