NEWSAGENTS, LINCOLNSHIRE

This is a centrally positioned shop serving the local community. Other businesses include a Post Office, CO-OP store, a Dentist, Pharmacy, Public House, ‘Chippy’ a Butcher and Chinese Take-away. The highly rated William Farr School serves the village. Sporting facilities include the Welton Golf Club. The trading figures are particularly impressive with full financial accounts available to serious potential buyers seeking a ‘lifestyle’ business in a sought after village environment.

THE BUSINESS & PROPERTY DETAILS:

Location. This is a high sale news agency / convenience store situated at 5a Lincoln Road Welton LN2 3HZ. Welton is a delightful residential village some 6 miles north of the city of Lincoln and has highly rated schools.

Business. A traditional newsagency – exceptionally maintained  and presented retailing in addition to news / magazines some greeting cards, gifts, fruit & vegetables and other convenience items.

Sales shop. The overall area is some 1,000 square feet including the office / making up room. The retail area of the shop is some 30’ by 30’ , with newspapers and convenience items on the right, on entering, with the counter at the far end, (backed by the ‘making up’ room) The area at the front on the left displays gifts and has a coffee machine. A stud wall separates this area from the greeting card area towards the rear.

Sales. We are advised these are in excess of £7,000 per week net of VAT including newspaper vouchers. Additionally, there is  income from Lotto and Payzone. There is also a UPS drop-off point at the premises.

Staff. 2 owners sharing duties and working 3.5 mornings per week. 4 part-time members of staff cover the full trading hours. Newsround’s.15; 13 of which are covered by newsboys and girls with 2 rounds , covering Welton & surrounding villages, being serviced by 1 part-time driver.

Stock. Currently approximately £17,000 (variable) to be taken at valuation.

Opening Hours. Mon – Friday 6.30am – 4.30pm. Saturday 7am – 2pm,  Sunday 7am to 12 midday.

Tenure. Leasehold.    Term. Term to be mutually agreed but say 5 years, renewable.    Rent. £12,000 p.a.x.

Rating authority. West Lindsay District Council.       Business Rates Payable. £Nil annually with S.B.R.R.

2- Bed Self-Contained Flat above. This is available by separate A.S.T agreement. Rent to be £650 p.c.m.

NB. The vendors are willing to consider an option to purchase the freehold either initially or within 5 years at an independent valuation – Currently £300,000. Please discus with the agent for full details

VIEWING is strictly by appointment through the agents.  By all means view the business discreetly, but DO NOT contact either the vendors or their staff direct.

UPDATE: NOW SOLD

This lovely News Agency has been purchased by buyers reasonably local to the business. They intend to add more convenience items to the business.