Hilton Smythe are pleased to have been given the opportunity to manage the sale of Bosworths Newsagents which is a well established business with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
There has been a Newsagents at this site since the 1950’s and the current owner has run it successfully and lucratively for the last 23 years and the business has flourished under his ownership. The business has an impressive number of regular customers, many of whom have been using it for many years and are known on a first name basis by the owner who is a popular and well respected member of the local community.
The business is is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to pursue a change of direction, he is keen to see his beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Bosworths Newsagents as the name suggests is a well established and well stocked Newsagents which sells:
- Newspapers and Magazines
- Tobacco and Vaping products
- Chilled soft drinks
- Crisps and snacks
- Children’s toys
- Greeting cards and wrapping paper
- General groceries
- International calling cards
- Ice creams
Additionally, the business has a Paypoint terminal with weekly takings of approximately £5500, a Lotto terminal with weekly takings of approximately £5000 and an impressive news bill of £800 per week with two morning delivery rounds. There is an externally filled cash point machine.
A prospective purchaser would be advised to arrange a viewing on this business and then spend some time observing just how busy this shop is…there really is a constant stream of customers and it is rarely empty.
Scope to Improve:
- Advertising and marketing campaign
- Maximise the use of social media particularly Facebook and Twitter
- Extend the opening hours
- Introduce alcohol sales…real demand in the area and would significantly increase turnover
- Reintroduce sandwiches and hot snacks
Reasons to Buy:
- A well established business with an enviable reputation and many existing customers
- Perfect trading position in the centre of a densely populated residential housing estate with loads of footfall
- Real opportunity to increase turnover and profits significantly, current owner has been running at a pace to suit due to his other business commitments
- Current owner would be happy to offer a handover to ensure the continued success
- Ideal owner managed or partnership business
- All fixtures and fittings included making this a real Turnkey opportunity
- Low running costs with inexpensive rent and no business rates
- Priced to facilitate a quick sale
Hilton Smythe highly advise early viewing to avoid disappointment.
This lovely little business is likely to attract considerable interest.Location
Bosworths Newsagents is located in Chelmsley Wood.
Chelmsley Wood is a neighbourhood, civil parish and a large housing estate within the metropolitan Borough of Solihull in the West Midlands with a population of 12,453. It is located near Birmingham Airport and the National Exhibition Centre (nec). It lies about eight miles east of Birmingham City Centre and 5 miles to the north of Solihull town centre.
National Express West Midlands operate a number of buses in and around the Chelmsley Wood area. Chelmsley Wood shopping centre has a bus interchange which hosts buses that go to and from Birmingham city centre, Solihull town centre, Coleshill, Warwickshire, Sutton Coldfield and Birmingham Airport.
The closest railway station is at Marston Green which is about a mile from Chelmsley Wood Shopping Centre. From there, there are trains to Coventry, Birmingham Airport, Birmingham City Centre and the National Exhibition Centre.
The area around the business is currently undergoing the biggest redevelopment project in its history. So far, a new Asda supermarket and a new library have been built, new schools have been built, a new village centre is under construction and all the remaining tower blocks have been re clad. The business is likely to see a considerable increase in footfall over the coming years.
Bosworths Newsagents is ideally situated in a main road position alongside other complimentary retail businesses in an unusually busy and vibrant shopping parade. The business is close to a densely populated residential housing estate and medical centre and thus benefits from high footfall and passing trade. The business is nicely presented and there is free off street parking immediately outside the premises.Premises
The business occupies the ground floor of an end terraced retail unit and briefly comprises:
Windows and glazed door to front creating a light airy and inviting interior, deceptively spacious shop that has been cleverly designed to maximise the space available, tiled floor, suspended ceiling with fluorescent lighting, 4 camera CCTV system, monitored alarm system, bespoke counter with till, Card Machine, Lotto terminal and cigarette gantry behind, twin slush machine, perimeter shelving, central shelving gondola, Newspaper and magazine racking, greeting card racking, wrapping paper dispenser, triple stack ice cream freezer, long open dairy chiller, metal fronted crisp and snacks racking, open dairy chiller.
With perimeter shelving and floor storage space.
Staff toilet with hand wash basinTenure
We are advised that Bosworths Newsagents is being sold as a leasehold business opportunity. The existing lease is a council one which has approximately two years remaining. The rent is £5400 per annum which is incredibly reasonable given the size and location of the premises.
The business benefits from being exempt from business rates.Hours
Monday, Tuesday, Thursday 6-7
Wednesday, Friday, Saturday 6-7.30
The business is run and managed by our client with the help of a part time member of staff.Financial Profile
Bosworths Newsagents generates an advised current turnover of circa £390,000. It needs to be stressed that the business is currently being run at a pace to suit and an experienced operator should expect to see turnover increase significantly.