Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Post Office And Newsagents In Busy Trading Location For Sale

Nuneaton, Warwickshire
Asking Price:
£79,450
Sales Revenue:
£364,000
Cash Flow:
Available on request

Business

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Horeston Grange 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.

Horeston Grange News was founded by the current owner 26 years ago and has been a real labour of love for him and has an impressive number of regular customers many of whom have been using the business for many years. Alas the business is now being sold, albeit reluctantly and with a heavy heart only so that the vendor can concentrate on his other business interests. He is keen to see his beloved Newsagents and Post Office pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level

Horeston Grange News is a busy and well stocked Newsagents and Local Post Office. The impressive and immaculately presented shop offers a range of products including;

Newspapers and Magazines
Cigarettes and tobacco products
Confectionery
Stationery
Cold drinks
Children’s toys
Household items
Greeting cards, wrapping paper and gift bags
Invitations, candles and balloons.

Additionally, the business has a Lotto terminal with of circa £2000 per week and a news bill of circa £1000 which comes from over the counter sales. The business has exclusivity on Newspapers and Magazines in the immediate vicinity.

Scope to improve

Advertising and marketing campaign, perhaps with leaflet drops locally
Maximise the use of social media
Extend the opening hours
Re-introduce News delivery rounds

Introduce alcohol sales

Reasons to Buy

A well-established business with an enviable reputation and many regular customers
Perfect trading position in a busy and vibrant shopping parade
Lots of residential building going on locally which will increase footfall considerably
All fixtures and fittings included making this a real Turnkey business opportunity
Current owner happy to offer a handover to ensure the continued success

Priced to facilitate a quick sale.

Hilton Smythe highly advise early viewing to avoid disappointment.

This great little business is likely to attract considerable interest.

Location

Horeston Grange News is located in Coventry.

Coventry is a city and metropolitan borough in the West Midlands. Historically part of Warwickshire, Coventry is the 9th largest city in England and the 12th largest in the United Kingdom. It is the second largest city in the West Midlands region, after Birmingham.

Coventry is 19 miles east-southeast if Birmingham, 24 miles southwest of Leicester, 11 miles north of Warwick and 94 miles northwest of London. Coventry is also the most central city in England, being only 11 miles south-southwest of the country’s geographical centre in Leicestershire.

On 7 December 2017, the city won the title of UK City Of Culture 2021, after beating Paisley, Stoke-on-Trent, Swansea and Sunderland to the title.

Coventry’s main industries include: cars, electronic equipment, machine tools, agricultural machinery, man made fibres, aerospace components and telecommunications equipment. In recent years, the city has moved away from manufacturing industries towards business services, finance, research, design and development, creative industries as well as logistics and leisure.

Coventry is near the M6, M69, M45 and M40 motorways. It is served by the A45 and A46 dual carriageways. Coventry has an inner ring road which was completed in the early 1970’s and Phoenix Way, a dual-carriageway running north-south completed in 1995, linking the city centre with the M6 motorway.

Coventry railway station is served by the West Coast Main Line with services provided by Virgin Trains, West Midland Trains and Cross Country. It has rail services between London and Birmingham. A new rail station serving the north of the city on the Coventry to Nuneaton Line opened in January 2016.

Bus operators in Coventry include National Express Coventry, Travel De Courcey and Stagecoach in Warwickshire.

Horeston Grange News is situated in an unusually busy and vibrant shopping area alongside other complimentary retail businesses such as a busy Co-Op supermarket, a Subway, fish and chip shop, a betting office, frozen food store and a petshop and carpet business and thus benefits from high levels of footfall, regular custom and passing trade.

The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There is a large, free car park immediately outside the premises.

Premises

Horeston Grange News occupies the ground floor of a modern, inner terraced retail unit and briefly comprises;

Shop

Windows and glazed double doors to front creating a light airy and inviting interior, wood effect flooring and suspended ceiling with fluorescent lighting, perimeter shelving and central shelving gondola, greeting card racking with drawers beneath, revolving sticker carousel, Newspaper and magazine racking, freestanding Sellotape stand, 2 glass fronted chillers, hanging space for bagged items such as candle, balloons and invitations, greeting card carousels, bespoke counter with till and generous wrapping area and cigarette gantry behind.

Office

With space for desk, chairs and filing cabinets etc

Post office counter

With perimeter shelving and safe etc.

Kitchen

With a range of base units, stainless steel sink with Santon water heater and space for fridge, microwave and kettle etc.

Stockroom

With a range of base unit cupboards, roller door to rear and perimeter shelving.

The premises are secured by a Post Office monitored alarm and a 5 camera CCTV system with smartphone connectivity option.

Tenure

We are advised that Horeston Grange News is being sold as a leasehold business opportunity.

The existing lease has 3 years remaining. The rent is £20,572 per annum which is reasonable given the size and location of the premises.
We are advised that that the business rates payable are £5400 per annum.

Hours

Shop

Monday to Saturday 7.00am - 5.30pm

Sunday 7.30am - 12.30pm

Post Office

Monday to Friday 9.00am -5.30pm

Saturday 9.00am -12.30pm
Sunday Closed

Staff
The business is run and managed by our client with the help of 1 Full time and 1.5 part time members of staff.

Financial Profile
Horeston Grange News generates an advised current turnover through the shop of circa £364,000 per annum with post office salary / commissions of approximately £30,000.

Property information

Property:

Leasehold

Contact Information

  1. Optional
  2. Country

  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Hilton Smythe. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here