Well-established Newsagents in Blackpool

Blackpool, Lancashire
REF: R06458

Asking Price:
£85,000
Annual Turnover:
£324,000
Annual Net Profit:
TBC
REF: R06458

Overview

Tenure:
Leasehold
Established:
2005
  • Loyal customer base
  • Well-stocked premises
  • Busy residential location
  • Impressive financial figures
  • Two bedroom flat included

This is a superb opportunity to purchase a very well-established newsagents in Blackpool, now only up for sale due to personal circumstances.

Operating as a vital pillar of the local community since 1988, the business has received ample repeat business from regular customers as well as passing trade.

Offering a wide selection of household goods, encompassing everything from toiletries and cleaning products to snacks, reading material, tobacco and alcohol, the business thrives from a high influx of regular local customers. Its great variety of products and prime location have helped it to gain brilliant financials over the years.

The new owner would not only receive a manageable newsagents with potential for growth, but also a two bedroom flat which they could either inhabit or rent out to bring in further income.

Its single-fronted property possesses bold exterior signage which attracts passing trade through its doors. On entry, customer immediately notice the array or stock on shelving throughout and a refrigerated cabinets to the right. A customer counter which oversees the whole shop lies at the back, with alcohol, tobacco and scratch cards visible behind. To the rear of the premises is a small toilet, sink and fridge before reaching a storage room.

Stairs lead to a two bedroom flat above the shop which would be included in the rental price. Although habitable, the flat does require renovation if it were to be rented out for a good price.

With no marketing in place, the business has experienced consistently high trade levels due to its prime residential location and essential items on offer.

The current owner is happy to stay on for a transitional period of two weeks to provide the new proprietor with a complete handover.

This lucrative newsagents with an ideal situation, loyal customer base and included accommodation would be perfect for an individual looking for an easy to run, local lifestyle business, or an existing newsagents owner wishing to expand their portfolio.

Vast scope to expand the newsagents and enable it to increase takings presents itself to an interested buyer. As the newsagent currently operates 9am-8.30pm throughout the week, these hours could be extended to allow for early morning or late evening trade. Extra services such as PayPoint and a Postal service could also be offered, which would increase profit from its current customers.

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  • Residential area
  • Town location
  • Other businesses nearby
  • Public transport access
  • No local competition
Rent
£15,600
Rates
TBC
Lease Term
Vendor owns freehold
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
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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