Successful & Long-Running Newsagents & Off Licence in Sheffield

Sheffield, South Yorkshire
REF: R08123

Asking Price:
£49,999
Annual Turnover:
£198,000
Annual Net Profit:
£21,000
Reduced
REF: R08123
Photo of Successful & Long-Running Newsagents & Off Licence in Sheffield

Overview

Tenure:
Leasehold
Established:
1967
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge growth potential
  • Low Overheads
  • Strong Supplier Relationships

The business for sale is a successful and long-running newsagents/off- licence, which is based in Sheffield. The company was originally established in 1967, with the current owners taking over in 2018. Under the present ownership, the newsagents has continued to grow steadily and has gained an excellent reputation and a loyal customer base.

The newsagent prioritises providing customers a wide range of products and services, including newspapers, magazines, lottery tickets, confectionery, soft drinks, groceries, greeting cards, toys, stationery, photocopying, and much more. The business also has a post office on the premises, which attracts many clients.

The newsagent holds an alcohol license, however, they do not currently sell alcohol due to personal reasons. The new owner could choose to start selling alcoholic drinks, which is likely to draw in extra trade.

The company currently opens between 7.00 am and 16.00 pm Monday to Saturday, with Sunday opening hours of 9.00 am to 12.00 pm. There is huge scope for the new owner to extend opening hours.

The newsagents even has strong relationships in place with the suppliers of their quality products, which could normally be hard to attain for a new business. With huge potential for growth and low overhead costs, this fantastic business would be perfect for a family or owner-operator.

The newsagents has an excellent location in a residential area of Dore, Sheffield, with nearby car parking, good transport links, and proximity to other local businesses. Most importantly, there is a high level of footfall, which means there will be plenty of passing trade for the new owner.

The shop fittings will be included in the business sale.

This would be the ideal opportunity for a family or an owner-operator.

There is huge potential for growth with this business, as there is a massive opportunity to extend the current opening hours, which could help attract more trade. It would also be beneficial to develop the company’s online presence, by investing in advertising and setting up some social media channels.

Features

Online Presence

Website: NA

Location

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  • Nearby Car Parking
  • Good Transport Links
  • Residential Location
  • High Footfall
  • Close to Local Businesses

Property

Annual Rent
£11,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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