2021-04-27 05:11, User_1
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Ashton On Ribble, Lancashire PR2 2HN, UK
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Property type: ?
Bedrooms: 1
Bathrooms: 1
Receptions: 1
Year built: ?
Total Plot Size: ?
Total Inside Area: ?
Last Sold: N/A
Price: N/A
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Agents think: £120,000 1 agent(s) valuations found
HPI banks think: £NaN
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Kings Business Transfer Agent Valuation of this property is £120,000
Reference - 48400
Description
This is an exciting opportunity to purchase a heavily relied upon and lucrative Newsagents/ Off Licence which is located in the bustling city of Preston, Lancashire.
Val’s Newsagents & Off Licence occupies a prominent position adjacent the main (A5085) commuter route at the heart of a densely populated residential area ensuring the business attracts high levels of regular local and passing trade throughout the day.
Having been under present family ownership since 2014, this well known and heavily relied business has forged strong relationships with the surrounding community and therefore boasts an extensive and loyal customer base.
Val’s Newsagents & Off Licence operates from a highly visible property providing a spacious ground floor lock up retail area with a separate self contained first floor flat.
The sales area is well fitted creating a bright and welcoming environment with a good range of quality fixtures and fitments including an epos system with scanner facility, CCTV, air conditioning and ample modern refrigeration.
Val’s Newsagents & Off Licence retails a range of newspaper and magazine titles, tobacco products, soft drinks, confectionary, bread, wines, beers, spirts, dairy product, groceries, frozen foods and fresh foods as well also offering the National Lottery, Paypoint and Payzone.
Val’s Newsagents & Off Licence is a successful and highly profitable business yet still offers genuine potential for future growth and development. The business therefore represents a first class investment for an ambitious family who can extend the opening times which will naturally increase the weekly sales whilst ultimately enhancing the overall profitability of the business.
To fully appreciate this first class business opportunity, viewing is strongly recommended to avoid disappointment.
Sales
Currently shop sales average £10,750.
Accounts
Available accounts are to year end 28th February and are summarised below:
2021 – Turnover £558,551
2021 – Gross Profit £111,671
2021 – Operating Profit £32.048
2021 – Adjusted Net Profit £48,450
Trading Hours
Monday – Friday 07:00 – 21:00
Saturday 07:30 – 21:00
Sunday 08:00 – 21:00
Staff
Managed by the owners with 1 full time and 2 part time staff.
Building External
The highly visible property provides a good size ground floor lock up retail area with a separate self contained first floor flat.
Building Internal
The spacious sales area is light and airy creating a welcoming environment. The retail space is fitted to a high standard with a range of good quality fixtures and fitments including an epos system with scanner facility, CCTV, air conditioning and ample modern refrigeration. To the rear of the building there is a stockroom, office, security room and a staff toilet.
Residential Accomodation
This part of the property has not been inspected, however we are advised the first floor accommodation is accessed via a separate entrance and comprises: A living room, kitchen, double bedroom and a bathroom. The accommodation is currently vacant and could provide owner’s living quarters or alternatively be sub-let out to generate an additional income.
Tenure
We are advised that the property is held on a 20-year lease which commenced in 2014. The annual rent is £18,000 exclusive (correct as advised on 14/04/21). Rent reviews are at 3 yearly intervals.
Summary
This is an exciting opportunity to highly lucrative business with a bright and exciting future. To avoid disappointment, viewing is strongly recommended.
