This attractive and easily run newsagents is situated in Ripon’s vibrant and thriving city centre. Ripon itself needs little in the way of introduction, needless to say it is an historic market city and is generally considered one of the more affluent areas of North Yorkshire.
What distinguishes this News agency from many others is the size of its news bill. Most of the news bill is spoken for by delivery rounds, this gives the owner of the business the tremendous benefit of knowing that a sizeable part of the shops income is already guaranteed. Added to this the gross profit is particularly strong, making this a very profitable business.
Currently, the news rounds make up well over half of the turnover, a situation that has been engineered by the current owner who is now ready to retire after 16 years with this business.
This therefore represents a tremendous opportunity for new owners who may well want to develop shop and counter sales. New owners will undoubtedly recognise that with the cracking City centre location, increasing sales and profits would be a relatively straightforward task given nothing more than perhaps some fresh ideas and enthusiasm.
Business is owner run and managed with the help of 3 part time staff, 8 drivers & 7 newsboys.Just as importantly for new owners, this business is presented to the market at a very realistic price, this reflects nothing other than the current owners wish to start a well earned retirement.
Given the size of the retail area, this makes for a very easily run business. The current owner runs this business by themselves, apart from the delivery staff, adding even more to the profitability. This profitability is enhanced even further by what must be considered an advantageous rent for such a central location.
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