Reference - 46165
This is an excellent opportunity to purchase a long established and well known newsagents/off licence situated in the popular district of Padgate, which lies approximately two and a half miles east of Warrington city centre in Cheshire.
Harry’s News occupies a prominent trading position on a busy parade of shops at the heart of a densely populated residential area, with Bruche Primary School in the neighbouring vicinity, ensuring the business attracts high levels of regular local and passing trade throughout the day.
Having successfully operated in the locality for many years, this heavily relied upon business has forged strong relationships with the community and therefore boasts an extensive and loyal customer base.
Harry’s News operates from a single fronted shop premises, providing versatile ground floor lock up retail space, which is well fitted with a good selection of modern fixtures and fittings.
Harry’s News retails a range of newspaper and magazine titles, tobacco products, confectionery, soft drinks, convenience and alcohol lines, as well as offering the National Lottery, Payzone and an external atm.
Harry’s News is a successful and lucrative business, yet still offers genuine scope for future growth and improvement.
The business would make an excellent investment for an ambitious owner who can introduce a wider range of stock lines, with the opportunity to extend the trading hours to capitalise on the off licence of the business.These enhancements will naturally increase the weekly sales, whilst ultimately enhancing overall profitability.
This is an excellent opportunity to purchase a successful business with a bright future, a viewing is strongly recommended to avoid disappointment.
Current shop sales average £4,000 approximately.
Weekly lottery sales approximate to £600.
News Sheet – £750 (Retail), Payzone – £100.
Current records and accounts can be inspected when viewing.
Monday – Saturday 07:00 – 19:00
Sunday 07:30 – 14:00
The business is managed by the owners.
The business operates from a single fronted shop premises, which provides deceptively spacious and versatile ground floor lock up business accommodation.
The spacious sales area is bright and airy, creating a welcoming environment and is fitted to a high standard with a range of modern, quality fixtures and fittings, including air conditioning, CCTV and ample refrigeration space.
To the rear of the property there is a stockroom, store and a staff WC.
There is no residential accommodation for owners/management available.
We are advised that the property is held on a 10 year lease, which commenced in 2016. The annual rent is £7,200 exclusive (correct as advised on 27/02/18). Rent reviews are at 5 yearly intervals.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
This is a fantastic opportunity to purchase a profitable business with a bright future, which represents an ideal opportunity for an ambitious first time buyer. To avoid disappointment a viewing is highly recommended.