Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent business, ideally located within Middlesbrough town centre.
The business was originally established in the 1980’s and has been in our client’s careful ownership since 2013. Only now is the business being offered to the market due to our client’s other business interests. The newsagent operates 7 days per week and generates a turnover in the region of £292,000, with a gross profit of approximately 25% as per 2016 accounts.
Our client offers a variety of goods including newspapers and magazines, confectionery, soft drinks, snacks, greeting cards, tobacco products, lottery, Paypoint facilities and alcohol, to name a few. The property boasts a spacious sales and display area, which is very well maintained and presented. To the rear of the property is an office area and store room.
The business has built up an excellent reputation within the town for the high quality of the goods and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours and offering evening trade. A new owner could also expand on the convenience and off licence range of products. There is also scope to introduce a newspaper delivery service to the many offices within the area.
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; therefore early viewing must come highly recommended to avoid disappointment.
Toms News occupies substantial ground floor premises, ideally located within the town centre of Middlesbrough, North Yorkshire. The business is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The newsagent is directly opposite the council offices and there are office blocks and student accommodation nearby.
Middlesbrough is a large industrial town on the south bank of the River Tees in North Yorkshire. According to the 2011 census, the town had a residential population of 138,400. Middlesbrough is situated right next to the North York Moors, the Cleveland Way and one of the North East’s most famous landmarks, Roseberry Topping, which offers spectacular 360 degree views.
The area of the business is well served by the public transport service, with a bus stop directly outside the property. Middlesbrough railway station is just a 5 minute walk away. The area is also well served by the a-roads, with the A66 being just a short drive away, which links to the national a-road and motorway networks. Stockton-On-Tees is approximately 6½ miles away and Darlington is 16 miles away.
Substantial ground floor premises, ideally located within Middlesbrough town centre, briefly comprising:
Main sales and display area with:
Newspaper and magazine display area.
Greeting card display.
Central display units.
Drink chiller units.
Ice cream freezer.
Long confectionery display.
Serve over counter with electronic cash register, scratch card display, Lottery terminal and Paypoint facilities.
Cigarette gantry and alcohol display to rear of counter.
To the rear is a small office and store room.
Stairs to sub level with kitchen, WC and delivery access.
Very well presented and signed.
The property has CCTV and is fully alarmed.
We are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 7 years
Rent: £1,250 per month.
The business is open:
Monday – Friday: 6.30am – 6.00pm
Saturday – Sunday: 7.00am – 6.00pm
The business is owner run and managed with 4 x part time staff members.
The business generates a turnover in the region of £292,000 per annum, with a gross profit of approximately 25% as per 2016 accounts.