Leamington Spa, CV31

Newsagents & Off-Licence Located In Leamington Spa For Sale

Prominent Main Road Position

Ref 2301

Location

This established Newsagents is located within a prominent and highly visible trading position, next to the bus stop on Victoria Terrace in Royal Leamington Spa, Warwickshire. With wide boulevards, Georgian and Edwardian architecture, award-winning parks which provide a sophisticated backdrop to this Regency shopping paradise. Often described as 'the best bits of London, all in a ten-minute walk', Leamington town centre combines a treasure-trove of independent, specialist boutiques with all the national chains you would expect to find in a large city. With an impressive array of entertainment venues, a rich choice of restaurants and some of the country's best spas and salons, we're certain you will find it one of the most appealing towns in the UK.

Business information

Asking Price: £34,950

Turnover: £5,000 per week

Weekly News Sheet: £300

Gross profit: (25%)

Stock: £10,000

Leasehold

New lease to be granted

Term: Negotiable

Rent: £18,000 pa

Business Rates: £336

Business Description

Veritas Business Sales are privileged to offer to the market this respected Newsagents which is located in Royal Leamington Spa. The property is a grade II listed building and the business within dates back to circa 1970 and has been in the careful hands of our clients for the past 30 years. Reluctantly the business is being offered for sale so that they can enjoy a well deserved retirement. During ownership they have continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and 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. Next Stop is owner operated and employs the help of 1 part time member of staff and has an average weekly turnover of £4,000 with a GP of (25%). They retail confectionery, groceries, stationary, newspapers, magazines, greeting cards, tobacco products, sandwiches, bake-off products, beers, wines, spirits, soft drinks and hot drinks. We believe that there is further potential to increase trade by extending upon the current opening times to increase alcohol sales, tapping into the vape market, by increasing the takeaway sandwich products and soon to be installed ATM cash machine. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade which is a great base to build upon and as such early viewing is strongly recommended.

Opening Hours

Monday - Saturday - 6.00am - 7.00pm

Sunday - 7.30am - 5.00pm

Ground Floor

Retail (720 sq ft approx) comprising: sales counter with cash register, lockable tobacco kiosk, sales & display shelves, double door dairy fridge (Blizzard), double door wine chiller (Blizzard) beer chiller, 2 x double door Coca-Cola fridges, double door drinks chiller, single door drinks chiller, greeting card shelves, stationary section, bean to cup coffee vending machine (Coffeetek), ATM cash machine, ice cream fridge and central display isle.

Kitchen with double sink drainer, base unit, microwave, wall mounted shelving, chest freezer (Logik), under counter fridge (Frigidare), bake-off oven (Anna Unox). And cooling racks.

W/C with hand wash basin.

Rear hallway.

Basement

Large dry storeroom (below ground).

External

Rear service road.

The property benefits from CCTV (8 camera remote access), intruder alarm (ADT) and air conditioning/hot air blower.