Established Newsagents & Post Office in St Ives

Saint Ives, Cambridge
REF: 04056B

Asking Price:
£60,000
Annual Turnover:
£299,320
Annual Net Profit:
TBC
REF: 04056B

Overview

Tenure:
Leasehold
Established:
1966
  • Newsagents and Post Office
  • High footfall location
  • Established for over 50 years
  • Lucrative opportunity
  • Scope for further development

A superb opportunity has arisen for a new buyer to acquire a well-established Newsagents and Post Office in St Ives, Cambridgeshire.

Ideally located in a busy parade of complimentary local shops, the business enjoys high levels of footfall and passing trade from the large residential population.

The business retails a wide range of newspapers, magazines, tobacco, confectionery, convenience items and Post Office services.

The business acts as a Newsagent and Post Office in the popular market town of St Ives, Cambridgeshire.

Ideally located in a parade of local shops at the heart of the community, the business enjoys high levels of footfall and passing trade at all times. The business retails a wide range of products and services, including newspapers, magazines, tobacco, confectionary, convenience items and Post Office services. Trading for over 50 years, the business is well-known for its friendly service and range of products.

The business is easily recognisable due to its prominent main street position in a parade of shops and clear signage. The interior décor is functional with a wide range of display units and ample counter space, as well as three storage rooms to the rear of the building. There is a one bedroom apartment above the premises which is currently rented, providing an additional source of revenue.

Turnover is comprised of the Post Office salary, retail turnover and rent from the accommodation above the premises. A new buyer may look to increase profitability further in a number of ways. Currently the business does not have a licence to sell alcohol. Becoming an off licence would be a popular addition with the large customer base to become an additional revenue stream. Expanding on the number of convenience products retailed would also be an excellent point for potential growth. The business currently employs a number of part time staff, if a new buyer was more owner-operated, this would reduce the wage bill significantly.

With a strong turnover and excellent reputation, this is an ideal opportunity for a new buyer to acquire a Newsagents and Post Office in a popular location.

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  • St Ives, Cambridge
  • Ideally situated in a busy parade of complimentary shops
  • High levels of footfall
  • Free customer parking
Rent
£15,000
Rates
£4,900
Lease Term
1
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
F 126-150

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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