Reputable Newsagents in Popular Somerset Town

Crewkerne, Somerset
REF: R05861

Asking Price:
£25,000
Annual Turnover:
£159,687
Annual Net Profit:
£17,736
Under Offer
REF: R05861

Overview

Tenure:
Leasehold
Established:
1998
  • Lots of repeat custom and passing trade
  • 20 Years of Establishment
  • Prime Precinct Location
  • Easily Manageable
  • Scope for further growth

This is a great opportunity to acquire an extremely popular, reputable business located in the old market town of Crewkerne, Somerset, where it has been operating as a newsagents for over 20 years. Owned by current management since 2013, the business has continued to fulfil the needs of its local customers. This is a well-situated business located in the centre of Crewkerne town, with a competitive, highly visible trading position - ensuring sound levels of regular and passing trade. The premises have been recently updated with a new kitchen and toilet, new flooring throughout and new point-of-sale devices. The interior is fully fitted with all the necessary display units and wall fixings and also have the benefit of large cold drinks fridge, an alarm system, CCTV and a separate office/storeroom with a safe.

The business offers a selection of daily consumables and necessities, stationery, newspapers, greetings cards as well as various confectionery items. Selling the everyday essentials means it’s a sought-after business.

The business runs errands from a medium-sized, but well stocked retail area with a serving counter near the entrance. At the rear of the store is a storage area, an office area and a toilet. Externally, there is a newspaper dispenser and sign showcasing the latest, local headlines.

The business is successful and receives high profits and turnover because of its prime location and variety of stock available. This is a great opportunity to acquire a popular newsagent that is supported by local residents.

Intelligent Business Partners are pleased to bring to the market this traditional convenience store, which offers a desirable base for a new buyer.

This is a superb opportunity to purchase a busy and longstanding precinct newsagent in a popular Somerset town. As the business has been a dominant store in the area over the centuries it has undoubtedly become a household name in the local community.

At present, the business lacks active advertising, with the only means of promotion extended through word of mouth. There is a keen opportunity to market the shop further be it through leaflets, an online presence or social media platform, which could all potentially enhance trade.

Intelligent Business Partners are searching for a suitable buyer. The current owner is willing to stay on for a transitional period, if needed, to help familiarise the new buyer with how the business operates.

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  • Premium trading location
  • Situated en-route to car parks
  • Located nearby complementary businesses
Rent
£9,842
Rates
£3,870
Lease Term
10
Lease Expiry
4 years remaining
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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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