No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£239,950
Added > 14 days

Convenience store for sale

Freehold Newsagents Located In Helston
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Convenience store
0 bed
0 bath

Property description & features

Freehold Newsagents Located In Helston Town Centre Established For Over 60 years 4 Bedroom Self-Contained Accommodation Above
Ref 2150

Location
This well established and respected Newsagents is located in the Cornish town of Helston, Cornwall. It sits within a highly visible and prominent position and benefits from a high volume of passing trade. The business is surrounded by other complimentary retailers, businesses and residential properties and has plenty of on-street parking. The area of the business is well served by the public transport system, with a bus stop positioned directly outside the property. The nearest railway station is Camborne, which is approximately 8 miles away. The area is also well served by the A-roads, with the A394 being within easy driving distance of the property, which links to the national A-road and Motoringway networks. Helston is 12 miles east of Penzance and 9 miles' south-west of Falmouth.

Business information
Asking Price: £239,950 plus SAV
Turnover: £331,477 net of VAT pa
GP: £90,423 (29%)
Adjusted net profit £44,247
Weekly news bill: £1,200
Paper rounds: 18
Business rates: zero
Stock: £8,000

Business Description
Veritas Business Sales are delighted to offer for sale this delightful Newsagents which is located in the Cornish town of Helston. The business has been established for over 60 years and has been in the careful hands of my client for the past 11 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 2 part time members of staff and has an annual turnover of £331,447 net of VAT with a gross profit of £90,423 (29%). JJ News retails a range of products such as newspapers (only newspaper delivery agency within a 10 mile radius), magazines, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, loose tobacco, pipes, e cigarettes, vape products and stationary. We believe that there is further potential to increase trade by offering additional services, maybe adding an off-license and extending upon the current opening hours. There are a number of new housing developments being built within the area which would give potential to increase the newspaper delivery rounds and bring increased levels of footfall to the area. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday - Saturday - 6.30am - 5.30pm
Sunday - 6.30am - 1pm

Ground Floor
Retail area (9.9m x 2.4m) comprising: sales counter, electronic cash registers (IBM), drinks fridge (Interlevin), ice cream fridge (Walls), cigarette cabinet news paper stands, greetings card displays, various shelving, CCTV monitor (Tecknika), scales and wall mirror.
Second retail area (3.1m x 2.7m) comprising: various shelving, built in glass cabinets, sales counter, cigarette lighter stand (Zippo), humidor and antique tobacco scales (Avery),
Office with desk, 2 chairs, computer, various shelves and filing cabinet.
Store room (3.8m x 1.8m) with various shelving.

Owners accommodation

Ground floor
Kitchen (1.8m x 2.7m)
Conservatory ( 4.7m x 1.9m)
Utility

First floor
Bedroom 1: (3.1m x 2.2m) single
Bedroom 2: (3.0m x 3.6m) double
Bedroom 3: (3.6m x 2.8m) double
Bedroom 4: (3.6m x 3.5m) double
Lounge/diner (6.7m x 3.3m)
Family bathroom (3.2m x 1.9m)

External Good sized garden with Storage sheds.

Places of interest

    Veritas Business Sales has been at the forefront of Business Sales, Acquisitions, Disposals and Commercial Property Sales for many years. We handle SMEs, company share or asset sales or just the disposal of a lease, so we pretty much have it covered. Once you have made the life-changing decision to sell your Business, the next most important step is to instruct the correct agent. At Veritas we have the experience, contacts and marketing power to expose your most prized asset to the right calibre of purchaser. We understand the mechanics behind a multitude of sectors to ensure that the process is both smooth and hassle-free to our clients. We liaise with all parties involved to include Landlords, Solicitors and Accountants and keep you updated with the conveyancing and contract matters every step of the way. We have carved a reputation as specialist agents to the catering trade and have recently sold millions of pounds worth of Fish & Chip Restaurants in The West Country. Other sectors include Licensed, Leisure, Health Care, Retail, Franchising and Property. Our Head office is located in Solihull with further offices in Truro, Nottingham, Norwich and soon to be Cardiff. Whether you are selling a Coffee Shop in Warwickshire, a Public House in Worcestershire, a Residential Care Home in Cornwall, a Retail business in The West Midlands or a Hotel Glamorgan. We have the knowledge and expertise to help with your exit strategy. We have a network of Consultants across the UK so choosing a business agent that understands your business and the benefits of its location means that we can strategically present your concern to a focused audience. Contact us for your free and confidential no obligation business valuation at a time and date to suit.

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    *DISCLAIMER

    Property reference 2150. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on June 7, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on June 7, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.