NEW

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.

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!
Well-established and profitable, with a strong turnover and consistent trade
Located in an affluent area, providing a steady flow of customers with good spending power

The business has a HND Paper round service which guarantees weekly income. There are 6 rounds with approximately 125 customers. 

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