Falmouth, TR11

Established Newsagents (With Lottery & Scratch Cards Sales) In Falmouth For Sale

Ref 2095

Location

This successful newsagents is located on one of the main streets which is opposite the bus terminal and just a short walk from the marina and Maritime museum in the vibrant harbour town of Falmouth. The town offers a variety of blue chip and niche independent retailers and has benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Business information

Asking Price: £54,950 plus SAV

Turnover: £279,669.00 net of VAT pa

Paper rounds: 4

Stock: £12,000

Leasehold

Original term: 12 Years

Remaining: 6 years

Rent: £8,000 pa

Rates: zero

Business Description

Veritas Business Sales are delighted to offer for sale this respected Newsagents which is located in Falmouth. The business has been established for over 16 years and has been in the careful hands of my client for the past 13 years and is reluctantly being offered for sale so that they can concentrate on other business ventures. Since ownership they have continually invested in new equipment with the business undergoing a full re-fit along with complete re-wiring within the last two and a half years. Air conditioning was also fitted along with a Jack's Beans Coffee machine. The fixtures & 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 £279,669. Moor News retails a range of products such as newspapers, magazines, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, e cigarettes & vape products, stationery and has a National Lottery Terminal that currently only processes scratch cards but can upgraded. We believe that there is further potential to increase trade by offering new services and by extending the current opening hours in the evening and by opening on Sunday. (The business does not currently open on a Sunday) There are a number of new housing developments being built within the area which would give further potential to increase the newspaper delivery rounds. 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 - closed

Ground Floor

Retail comprising: sales counter with epos system, scratch card terminal, sales and display shelves, ice cream freezer(Walls), upright open drinks fridge, greeting card racks, cigarette cabinet, weighing scales.

Store Room comprising: various shelving.

W/C with hand wash basin

First Floor

Store room with various shelving

External

Small court yard area