Freehold Newsagents Located In Helston Town Centre Established For Over 60
years 4 Bedroom Self - Contained Accommodation Above
Ref 2150
Location
This well established and respected Newsagents is located in the Cornish town
of Helston, Cornwall. It sits within a highly visible and prominent position
and benefits from a high volume of passing trade. The business is surrounded
by other complimentary retailers, businesses and residential properties and
has plenty of on - street parking. The area of the business is well served by
the public transport system, with a bus stop positioned directly outside the
property. The nearest railway station is Camborne, which is approximately 8
miles away. The area is also well served by the a - roads, with the A394 being
within easy driving distance of the property, which links to the national
a - road and Motoringway networks. Helston is 12 miles east of Penzance and 9
miles' south - west of Falmouth.
Business information
Asking Price: £239, 950 plus sav
Turnover: £331, 477 net of VAT pa
gp: £90, 423 (29%)
Adjusted net profit £44, 247
Weekly news bill: £1, 200
Paper rounds: 18
Business rates: Zero
Stock: £8, 000
Business Description
Veritas Business Sales are delighted to offer for sale this delightful
Newsagents which is located in the Cornish town of Helston. The business has
been established for over 60 years and has been in the careful hands of my
client for the past 11 years and is reluctantly being offered for sale so that
they can enjoy a well deserved retirement. Since ownership they have
continually invested in new equipment along with fixtures and fittings which
are all bought and paid for and are included within the sale price which is a
huge plus for any new purchaser as additional funds will not need to be spent
for some time. The business is owner operated and requires the help of 2 part
time members of staff and has an annual turnover of £331, 447 net of VAT with a
gross profit of £90, 423 (29%). Jj News retails a range of products such as
newspapers (only newspaper delivery agency within a 10 mile radius),
magazines, confectionery, ice creams, cold drinks, greeting cards, gifts,
tobacco, loose tobacco, pipes, e cigarettes, vape products and stationary. We
believe that there is further potential to increase trade by offering
additional services, maybe adding an off - license and extending upon the
current opening hours. There are a number of new housing developments being
built within the area which would give potential to increase the newspaper
delivery rounds and bring increased levels of footfall to the area. The
business already enjoys a strong reputation within the local community and
beyond and as such has a high level of regular and repeat trade. This is a
superb opportunity to purchase an established business which is a great base
to build upon and as such early viewing is highly recommended as this business
is not to be missed.
Opening Hours
Monday - Saturday - 6. 30am - 5. 30pm
Sunday - 6. 30am - 1pm
Ground Floor
Retail area (9. 9m x 2. 4m) comprising: Sales counter, electronic cash registers
(ibm), drinks fridge (Interlevin), ice cream fridge (Walls), cigarette cabinet
news paper stands, greetings card displays, various shelving, CCTV monitor
(Tecknika), scales and wall mirror.
Second retail area (3. 1m x 2. 7m) comprising: Various shelving, built in glass
cabinets, sales counter, cigarette lighter stand (Zippo), humidor and antique
tobacco scales (Avery),
Office with desk, 2 chairs, computer, various shelves and filing cabinet.
Store room (3. 8m x 1. 8m) with various shelving.
Owners accommodation
Ground floor
Kitchen (1. 8m x 2. 7m)
Conservatory ( 4. 7m x 1. 9m)
Utility
First floor
Bedroom 1: (3. 1m x 2. 2m) single
Bedroom 2: (3. 0m x 3. 6m) double
Bedroom 3: (3. 6m x 2. 8m) double
Bedroom 4: (3. 6m x 3. 5m) double
Lounge/diner (6. 7m x 3. 3m)
Family bathroom (3. 2m x 1. 9m)
External Good sized garden with Storage sheds.

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