Hilton Smythe welcomes to the market Weston’s News.
There has been a Newsagents come Convenience Store at this site since the mid 1950’s and the current owner has run it successfully and lucratively for the last 4 years. The business is now being sold, albeit reluctantly so that the owner can pursue his dream of moving abroad.
Weston’s News is a busy little shop at the heart of the community and has mainly regular customers many of whom are known on a first name basis by the current owner who is a well-liked and popular figure.
The business sells;
Newspapers and Magazines
Beers, wines and spirits
Crisps and snacks
Breads and cakes
Milk and dairy products.
In addition to this the business now includes a local Post Office. Ronkswood Post Office which had been established since the 1950’s just down the road was relocated to Weston News in March 2017.
The local post office offers all the normal services such as mail services, Special Delivery, home shopping returns and making online banking deposits and withdrawals etc and has increased footfall into the business.
The business enjoys great visibility on the internet.
Scope to Improve
Advertising and marketing campaign
Maximise the use of social media
Extend the opening hours
Reinstate News and Delivery rounds
Offer discount to nhs employees…Worcester Royal Hospital is just up the road
Replace floor covering in shop with something hard wearing ie tiling or heavy-duty laminate.
Hilton Smythe highly advise early viewing to avoid disappointment.
Weston’s News is located in Worcester within Worcestershire.
Worcester is a city 31 miles southwest of Birmingham and 27 miles north of Gloucester. The population is approximately 100,000. The River Severn flanks the western side of the city centre which is overlooked by the 12th century Worcester Cathedral.
The M5 Motorway runs north-south immediately to the east of the city and is accessed by Junction 6 and Junction 7. This makes the city easily accessible to most parts of the country including London which is only 118 miles using the A44 via the Cotswolds and M40. A faster journey to London is possible via the M5, M42 and M40. Worcester has two railway stations.
Weston’s News is ideally situated in a busy and vibrant shopping parade on the Ronkswood Estate, an area of dense residential housing, both local authority and privately owned, and as such benefits from high levels of footfall and passing trade. The business is close to Worcester Royal Hospital and sits alongside other complimentary retail businesses.
The business occupies the ground floor of a brick built, end terraced, purpose-built retail unit and is presented and maintained to a high standard and briefly comprises;
Window and glazed door to front creating a light airy interior, well stocked shop cleverly designed to maximise the space available. Carpeted Floor and florescent lighting, atm machine, perimeter shelving and two central shelving gondolas, glass topped food freezer, greeting card racking, stationery section, Newspaper and magazine racking, Lotto stand, wall mounted hanging space with hooks for bagged sweets, bespoke counter at rear of shop with crisp racking to front, till, Card Machine, Lotto terminal and generous wrapping area, cigarette gantry and spirits shelving to rear, open beer and wine chiller, glass fronted dairy chiller, further open chiller for soft drinks.
With perimeter shelving and floor storage space, safe, stainless steel sink and drainer with useful cupboard beneath and Redring Instant 3 water heater above, space for fridge and microwave. Door to rear secured by a heavy-duty security grill.
The premises are secured by a Post Office monitored alarm and an 8 camera CCTV system.
The business is nicely presented and maintained with clear visible signage, and there is free on street parking immediately outside the premises as well as a small car park just around the corner.
We are advised that Weston’s News is being sold as a leasehold business opportunity. The current lease has approximately 13 years left to run and being a council one means the rent is an incredibly low £3700 per annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
At the time of instruction there were no business rates payable.
Monday to Saturday 5-6
The business is run and managed by our client with the help of one part-time member of staff.
Weston’s News generates an advised current turnover of approximately £140,000 through the shop, additionally the Post Office Salary is in the region of £12,000 per annum although it needs to be stressed that the Post Office has only been trading at this site for less than 12 months and is likely to increase as customers become more aware of this.