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Property Listing Details

Property details

Listing view statistics

Last 30 days: 15 page views

Since listed: 322 page views

Description

Business
Hilton Smythe welcomes to the market Wednesbury News.

There has been a Newsagents at this site since the 1950’s and the current owner has run it successfully and lucratively for since 2009. The business is now reluctantly being sold only due to our clients wish to buy a Post Office in Norfolk.

Wednesbury News sells;

Newspapers and Magazines
Tobacco products
Confectionery
General groceries
Stationery
Toys and gifts
Greeting cards and wrapping papers
Soft drinks
Crisps and snacks
Travel cards.

Additionally, the business sells Lotto and is one of the busiest in the area taking between £7-8,000 per week, has a PayZone terminal which earns commission each week of approximately £40 and has an extremely healthy news Bill of circa £1,500 per week (£1,200 Smiths bill and £300 Express & Star) with a morning and evening round. Parcel collection and drop off earns commission of approximately £50 per week and the atm machine pays commissions in the region of £166 per month.

The business has a considerable number of regular customers many of whom are known on a first name basis by the current owner and his wife who are popular and well-respected members of the local community.

Scope to Improve;

Advertising and marketing campaign
Maximise the use of social media
Website to extol services offered
Introduce the sale of beers, wines and spirits, the business has an alcohol licence and turnover could be dramatically increased with its introduction.
Update the interior fittings and exterior signage.
Extend the opening hours.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Wednesbury News is located in Wednesbury in the West Midlands.

Wednesbury is a market town in the Black Country, which part of the Sandwell Metropolitan Borough in the West Midlands, historically part of Staffordshire. At the 2011 census the town had a population of 37,817.

The business is close to the Black Country Spine Road which links to the Black Country Route and on to the M6 motorway. The bus station, rebuilt in 2004 is in the town centre with links to Wolverhampton, Birmingham, West Bromwich, Walsall and the shopping complex of Merry Hill.

Wednesbury News is ideally situated in the town centre alongside other complimentary retail businesses and enjoys high levels of footfall and passing trade.

The business is well signed and nicely presented and there is free on street parking nearby and a number of public carparks one of which is free and another which costs 40p per hour.

Premises
The business occupies the ground and first floor of a period mid terraced property.

Ground Floor;

Shop
Generously proportioned and cleverly designed to maximise the space available, windows and glazed door to front creating a light airy interior, fluorescent lighting, vinyl flooring, perimeter shelving and two central shelving gondolas. There are security mirrors, two Perspex newspaper stands, Express & Star dispenser, Lotto stand and ticket dispenser, greeting card racking with drawers beneath, wrapping paper dispenser, double glass fronted drinks chillers and two single glass fronted chillers, free standing sweet stand for the display of bagged sweets, bespoke counter with till, PayZone terminal, Lotto machine and generous wrapping area, cigarette gantry.

The premises are secured by an alarm system and 8 camera CCTV system.

Stockroom
Good sized stockroom with fluorescent lighting, perimeter shelving and floor storage space.

Kitchen
With window to rear, stainless steel sink and drainer and perimeter shelving.

Shower Room
With shower cubicle, close coupled lavatory and hand wash basin.

First Floor
To the first floor are a number of rooms, currently used for storage but offering the potential to convert into owners / manager accommodation (subject to any necessary planning permissions).

Storeroom 1/ Bedroom
Generous room with window to front and perimeter shelving.

Landing
There is a large landing with window to rear.

Office/Lounge
Generously proportioned with two windows to the rear.

Further office/ Bedroom
With a window to front and access to the roof space.

Tenure
We are advised that Wednesbury News is being sold as a leasehold business opportunity.

The current lease has roughly 7 years remaining, and the rent is a reasonable £12,500 per annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

Business rates of approximately £5,000 were payable at the time of instruction.

Hours
Monday to Saturday 7.30am-7.00pm

Sundays 8.00am-2.00pm

Staff
The business is run and managed by our client with the help of his wife and a part time member of staff.

Financial Profile
Wednesbury News generates an advised turnover currently of approximately £10,000 per week.

Map & Nearby

Local Amenities

  • Bescot Stadium 1.4 miles
  • Tame Bridge Parkway 1.9 miles
  • St John's Church of England Primary Academy 0.1 miles
  • St Mary's Catholic Primary School 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Bescot Stadium 1.4 miles
  • Tame Bridge Parkway 1.9 miles
  • St John's Church of England Primary Academy 0.1 miles
  • St Mary's Catholic Primary School 0.4 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.