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Convenience Store In Hereford For Sale

Hereford, Herefordshire
Asking Price:
£59,995
Sales Revenue:
£150,000
Cash Flow:
Available on request

Well appointed and presented throughout
Early viewing essential to fully appreciate
Situated in the bustling area of Hereford
High amount of regular & repeat trade
Advised annual turnover of £150,000
Scope for further development
Ideal partnership opportunity
Genuine reason for sale
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer for sale this superb newsagents which has been established for around 35 years and has been in the careful hands of our clients for the last 7 years. Our clients are reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our clients took ownership of the business they have run the business at a pace that suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover currently runs at £150,000 which is derived from the sale of newspapers and magazines with associated products and general store items. The newssheet is in the region of £690 per week at cost and our clients operate 3 morning rounds. The business enjoys a strong reputation within the local community 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 superb business is not to be missed.

Property information

Property:

Leasehold

Location:

The newsagents is located in the desirable tourist town and city of Hereford. Hereford lies on the River Wye, approximately 16 miles (26 km) east of the border with Wales, 24 miles (39 km) southwest of Worcester, and 23 miles (37 km) northwest of Gloucester. With a population of 55,800 people, it is the largest settlement in the county. It is now known chiefly as a trading centre for a wider agricultural and rural area. Products from Hereford include: cider, beer, leather goods, nickel alloys, poultry, chemicals and cattle, including the famous Hereford breed.

Premises Details:

Well signed glass fronted property, briefly comprising: GROUND FLOOR Secure entrance leading to: Open plan store Hot drinks machine Drinks display Magazine/newspaper rack Free standing product displays Food chiller Ice cream chest freezer Sweets/confectionery display Fitted serving/payment counter Cigarette gantry Rear staff area Storage room Toilet facilities EXTERNAL Large public car park

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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