Business for Sale in Morpeth, Northumberland Thriving Newsagent & Convenience Store / Off Licence in Morpeth with 2 Bedroom Apartment
Key Information
- Reference
- M33055YK
- Tenure
- Leasehold
- Status
- Sold
- Region
- Northumberland
- Sector
- Newsagents
- Annual Sales
- £428,758.00 Exc. VAT
- Weekly Sales
- £8,245.00 Exc. VAT
- Accommodation
- 2 Bedroom apartment above the business premises.
Business Information
Coming to market for the first time in 20 years, EM&F are delighted to offer this thriving business for sale. The leasehold premises are situated in the sought-after Northumberland town of Morpeth, and includes an attractive two bedroomed first floor apartment providing either Owners' accommodation or an additional income stream if sub-let.
Turning over more than £428,000 per annum, and with Adjusted Net Profit for a couple operating the business full time of approximately £50,000 the business still has potential for substantial further growth, particularly in the Off Licence / Convenience store trade. where it enjoys a local monopoly. The closure in Spring 2019 of its' only competitor has resulted in increased weekly turnover and footfall, and the stocking of a wider range of foodstuffs and alcohol.
At OIRO £75,000 plus Stock at Value this opportunity is sure to attract a great deal of interest and an early viewing is recommended.
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Yorkshire
Your Regional Director Gillian Woodthorpe
Yorkshire
Parkside House
17 East Parade
Harrogate
Yorkshire
HG1 5LF