Well-established and busy newsagent business, which is ideally located in a prime trading location in Norwich City Centre.
The business has been in careful ownership since 1991. Only now is the business being offered to the market, due to our desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £200,000 per annum, with a gross profit of approximately 18%. In addition to this, the business generates further commission via Paypoint, Western Union & Ria Money Transfer.
The business offers a wide variety of goods, including newspapers and magazines, confectionery, convenience items, ice cream, greeting cards, soft drinks, tobacco products and stationery. The property boasts 400 sq.feet of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also highlight the goods and services offered. There is also a chance to apply for an alcohol licence, which could increase the turnover.
The newsagents occupies ground floor premises, ideally located within the city of Norwich, Norfolk. The business is situated next to local bus stops, Norwich Castle and some established businesses such as Waterstones and Boots, and therefore benefits from a very high volume of footfall and passing trade. The newsagents also benefits from Paypoint & Western Union Money Transfer.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level
The property containing the newsagents is a two-storey building of brick elevation under flat tile roof. The newsagents is on the ground floor and benefits from air conditioning and a newly fitted CCTV camera. On the first floor is an office & stock room with WC and kittchen facilities.