The Avenue

A fantastic opportunity to acquire a well-established newsagents and off-licence, located in an affluent and sought-after area of Hertford. This business has been serving the local community for years, benefiting from a loyal and repeat customer base, with many regulars who have been shopping here for decades.
The business has a HND Paper round service which guarantees weekly income. There are 6 rounds with approximately 125 customers.

KEY FEATURES

Leasehold business with a 2-bedroom self-contained flat above – an incredible added asset!
Low rent of just £9,500 per annum – making this a highly cost-effective business opportunity
The flat is currently let on an AST at £900 per month (£10,800 per annum) – covering all of the rent leaving a profit!
Long-established business, with our client owing and operating the business for over 20 years
Profitable, with a strong turnover and consistent trade
Located in an affluent area, providing a steady flow of customers with good spending power

MASSIVE SCOPE TO INCREASE TURNOVER BY

Extending trading hours to maximise alcohol and convenience sales
Introducing a National Lottery terminal to attract more footfall
Adding parcel services such as UPS, Evri, or DPD drop-off to drive new customers
Exploring a Post Office counter – previously considered but never pursued
Expanding the greetings cards range and introducing additional high-margin products

This business is to remain a convenience/newsagent store and is a turnkey business opportunity, ideal for an owner-operator or a family-run enterprise, with an existing solid foundation and endless possibilities for expansion. RX567801

Location

The business is ideally located in a thriving retail parade, surrounded by a densely populated residential area. It sits among a diverse mix of complementary businesses, including a pharmacy, hair salon, and café, ensuring a steady flow of foot traffic. Additionally, the premises benefit from convenient free parking bays directly in front of the shop, making it easily accessible for customers.

Tenure

Approximately 15 years unexpired on the lease at a current rent of £9,500 per annum exclusive. The 2 bed flat above is currently let on an AST at a rental of £900 per calendar month (£10,800 per annum) so effectively the business does not pay any net rent after collecting the rent from the flat.

Trading Hours

6am - 5 pm Monday - Saturday, 7:30 am - 12 pm Sunday. We understand the premises is Licenced for the sale of alcohol from 7 am - 7 pm.

Staff

The business is run by the vendor on a full time basis, with the assistance from family members, and one morning member of staff that works 7 am - 11 am.

Turnover

We are advised Turnover averages £7,000 per week. Full financial information can be disclosed to seriously interested applicants, following a viewing of the business.

Business Rates

The premises is subject to a rateable value of £9,300 resulting in zero business rates payable, should small business rate relief apply to a purchaser.

Legal Costs

Each party to be responsible for their own, with the landlords legal cost be split 50/50.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.