Convenience store for sale

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.