This well-established newsagents is situated in a local shopping parade in a popular coastal town near Folkestone in Kent. Located just off the main coastal road, the shop has free parking facilities and enjoys custom from local residents and holidaymakers alike. We understand that the business could also benefit from a planned large-scale housing development nearby.
The pleasant retail area is well-equipped for the trade and there are good storage and office facilities to the rear of the shop. The spacious and well-maintained accommodation includes three bedrooms, a large lounge with balcony, a kitchen with fitted units and a shower room. The shop premises and living accommodation are held on a 15-year lease from 2003 at a current annual rent of £10,000.
The business has been under the current ownership for five years, and is only now for sale due to ill health. It is run by the owner and his partner with assistance from part-time staff, and has no immediate competition nearby. The shop sells newspapers & magazines, alcoholic & soft drinks, tobacco, sweets & snacks, greetings cards, a selection of convenience goods and there are newly installed national lottery facilities. The current opening hours are: Monday to Saturday 5.00am – 7.00pm & Sunday 5.00am – 1.00pm.
We understand that Retail Sales are approximately £6,500pw plus Payzone takings of £500pw. There would seem to be great potential to expand the off licence facility and extend the opening hours, and new owners could also introduce a range of beach goods at certain times of the year.
Leasehold £67,500 Ref:T30169Z