Introduction & location
This is an excellent opportunity to acquire a thriving leasehold convenience store and newsagents which is situated in the desirable and very popular rural village of Gresford, located between Wrexham and Chester. The village is known for its good residential properties and facilities, as well as being convenient for the A483 Wrexham bypass with connections to the motorway network and for its access to many Welsh border towns and the North Wales countryside.
The long established and profitable business commands a superb location on Chester Road in the village with lay-by parking to the front and other parking nearby. It sells a range of traditional newsagents and convenience store products including confectionery, cigarettes and tobacco, cards and gift wrap, stationery, general convenience store items, some fruit and vegetables, dairy products, crisps, toys etc and has a dry cleaning collection service. The very successful business has large newspaper and magazine sales and includes twenty news rounds, with a computerised ordering and listing system .The owner advises that he delivers to approximately five hundred customers. The vendor also sells alcohol such as fine wines and beer, adding to the already impressive weekly turnover.
The business is being offered for sale due to our clients ill health and therefore presents an excellent opportunity for a new owner operator to push the business to the next level.
A new lease will be negotiated at completion. The rent will be a cost of £117 per week.
Gresford Newsagents operates from attractive double fronted lock up premises which were very well presented at the time of our visit; it includes a spacious customer area with air conditioning and modern wall cladding, modern open fronted chillers and displays. The shop is supported by two storerooms and a toilet.
The business is currently operated by our client, his wife and two sons.
** Annual Accounts Year End 31 March 2020 **, Annual Turnover (Y/E 31 March 2020) £346,764, Annual Gross Profit (Y/E 31 March 2020) £108,13. Accounts available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Blacks Brokers consider that this business represents an outstanding opportunity for prospective buyers to purchase a highly successful and attractive business which still has potential for the sale of other lines. The owner, who is selling on account of ill health, will be pleased to consider a handover period to assist a buyer . Blacks Brokers are delighted to recommend inspection of this excellent business and our helpful staff will be pleased to arrange viewings and to provide any additional information required.
Please quote ref: 7457