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Fantastic Well Established Newsagents For Sale

Darwen, Lancashire
Asking Price:
£139,995
Sales Revenue:
£182,000
Cash Flow:
Available on request

Business
Hilton Smythe are delighted to offer to the Whitehall News, a well-presented Newsagents shop and post office, with living accommodation above.

Our clients took over 23 years ago and have really enjoyed the lifestyle of running the shop, however it is now time for their well-deserved retirement.

During their time at Whitehall news they have built up an excellent rapor with the locals and have watched their paper distributers grow up and have children of their own.

Whitehall News is very much a friendly and local store.

The shop is extremely well presented throughout, with ample display shelving, drinks fridges, magazine racks.

The shop currently stocks,

• Tobacco products
• Newspaper
• Magazines
• Confectionary products
• Soft drinks
• Household essentials to name a few.

There is also a local post office counter generating a commission of £14,000 per year.

There is very little competition for the post office service within the area.

There are currently 6 news rounds per day with average news sheet at cost of £1,200 per week.

The Current owners have 23 years of experience in running the business and are offering a hand over period to introduce the new owner to regulars and show them the day to day running of the business.

This is an excellent opportunity to live and work in such a sought for area.

Early viewing is highly recommended and by appointment only.

Location
Whitehall News is ideally located within the town of Darwen in Lancashire.

The business is surrounded by a mix of commercial properties and densely populated residential areas, from which the business derives much of its trade.

The property is situated on the very busy Bolton Road and benefits from a high volume of footfall and passing trade, as well as free on-street parking facilities within the immediate area.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Darwen railway station is just over one mile away.

The area is also well served by the A-roads, with the business being situated on the busy A666, which links to the national A-road and motorway networks. Blackburn is approximately 5½ miles away, Bolton is 8 ½ miles away.

Premises
The property is well presented inside and out and benefits from ample side street parking and owners car parking in the rear yard.

Ground floor

Shop floor comprising of,

• Ample shelving
• Confectionary stand
• Slat wall paneling
• Large double chiller
• Tall chiller
• Newspaper stands
• Tobacco gantry
• Magazine racks
• Post office counter
• 2 central display units
• Walls freezer
• Lucozade fridge
• Coca-Cola fridge
• Till
• Card reader

Behind the counter leads through to the storage room/office which has storage shelving, cabinets and a desk with access to the stairs to the flat above.

the back yard has a roller shutter, could be used as the owner’s car parking

1st Floor

2 beds flat currently used as storage, could be used as living accommodation or boarded off from the shop and rented out to generate rental income should the purchaser desire.

Tenure
We are advised the premises is Freehold.

Hours
Monday to Friday 06:00 to 18:00
Saturday 06:00 to 17:00
Sunday 06:00 to 12:0

Staff
The business is currently family ran as a husband and wife team with occasional help from their grown-up children to cover holidays.

Financial Profile
The accounts are currently being completed and will be with us as soon as they are done.

The annual turnover of the shop is advised to be £182,000 (2017)

Property Information

Property:

Freehold

Contact Information

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