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.