Hilton Smythe are pleased to have been given the opportunity to manage the sale of Village News which is a well-established business with a renowned reputation amongst local 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 1960’s and the current owners have run it for the last 12 months or so. 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 owners who are popular and well respected members of the local community.
The business is now being sold, albeit reluctantly and with a heavy heart only due to family health issues. The vendors are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Village News 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
- Greeting cards and wrapping paper
- General groceries
- International calling cards
- Ice creams
Additionally, the business has a Lotto terminal with weekly takings of approximately £1200 and an impressive news bill of approximately £2500 per week with five morning news rounds. A feature of this business is the fact that it is an agent for West Midlands Travel cards, one of only two such outlets in the immediate area and which brings in loads of additional footfall
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
Consider introducing Paypoint or Payzone terminals
Reintroduce sandwiches and hot snacksReasons to Buy:
A well-established business with an enviable reputation and many existing customers
Perfect trading position in the centre of the village with loads of footfall
Real opportunity to increase turnover and profits significantly, current owners have been running at a pace to suit due to health issues
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
Priced to facilitate a quick sale
Hilton Smythe highly advise early viewing
This great little business is likely to attract considerable interestLocation
Village News is located in the Moseley Village area of Birmingham.
Moseley is a suburb of South Birmingham, 3 miles South of the city centre. The area is a popular residential location and leisure destination, with a number of bars and restaurants. The area also has several boutiques and other independent retailers.
In 2015 Moseley was named as the “best urban place to live” by the Sunday Times, with the paper citing its ‘Arts and Crafts’, ‘Bohemian culture’ and Victorian architecture ‘as reasons to live in the suburb. This award followed its being highlighted by The Guardian in 2013 as a place to move, with similar reasons being cited. The Guardian also pointed out that if HS2 is built it would be the ideal place for a wealthy London worker to live.
Village News is ideally situated in a busy main road position alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade. The business is beautifully presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises.
There is also a farmers market on the last Saturday of evey month which generates high footfall.Premises
Village News occupies the ground floor of a period style, inner terraced property, is presented and maintained to a high standard and briefly comprises;Shop
Windows and glazed door to front creating a light airy and inviting interior, high ceilings with fluorescent lighting, cleverly designed to maximise the space available.
Wood effect flooring, bespoke counter with till, Lotto terminal and generous wrapping area, cigarette gantry and spirit shelving behind. Newspaper and magazine racking, greeting card racking with drawers beneath, wrapping paper dispensers, perimeter shelving, hanging space for bagged items, glass topped ice cream freezer, triple stack ice cream freezer, stationery section, long open drinks chiller, open dairy chiller, confectionery shelving.WC
With close coupled toilet and handwash basin.Tenure
We are advised that Village News is being sold as a leasehold business opportunity. The existing 10 year lease has approximately 9 years remaining. The rent is £14,400 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.Hours
Monday to Saturday 5.30am-18.00pm
The business is run and managed by our two clients, a husband and wife teamFinancial Profile
Village News generates an advised current turnover of circa £286,000 per annum but it needs to be appreciated that the business is being run at a pace to suit due to family health issues and has enjoyed higher turnover previously.
An experienced operator should expect to see turnover and profits increase significantly quite quickly.