Newsagents In St Ives For Sale
Located On The Harbour Front
Ref 2175

Location
This successful newsagents is located on the harbour front in the stunning Cornish town of St Ives. Its positioned within a prominent and highly visible location and benefits from one of the best views in Cornwall. The town has a number of complementary independent retailers along with National Blue Chip retailers and enjoys a high levels of tourism. St Ives is one of the countries most popular holiday destinations offering above average levels of sunshine and in 2010/2011 was awarded Best UK Seaside Town by the British Travel Awards.

Business information
Asking Price: £89,950 plus SAV
Turnover: £277,267 net of VAT pa
GP: £79,720 (28.75%)
Paper rounds: 5
Stock: £3,000

Leasehold
Original term: 9 Years
Remaining: 2 years
Rent: £11,500 pa
Rates: £5,000

Business Description
Veritas Business Sales are delighted to offer for sale this established Newsagents which is located on the harbour front in St Ives, Cornwall. The business has been established for over 40 years and has been in the careful hands of my client for the last 10 years and is reluctantly being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated, requiring no staff and has an annual turnover of £277,267 net of VAT with a gross profit of £79,720 (28.75%). St Eia Cabin St Ives retails a range of products to include newspapers, magazines, confectionery, ice creams, cold drinks, greeting cards, post cards, gifts, tobacco, e cigarettes & vape products and stationery. Other services include The National Lottery, Pay Point and a cash machine. We believe that there is further potential to increase trade by offering additional services and by extending upon the paper round service to the many hotels and new housing developments within the town. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Winter
Monday – Sunday – 7.30am – 7.30pm

Summer
Monday – Sunday – 7.30am – 10.00pm

Ground Floor
Retail (6.9m x 3.8m) comprising: sales counter with electronic cash register, scratch card terminal, sales and display shelves, ice cream freezer, upright drinks fridge (True), drinks fridge (Eco), greeting/post card racks, cigarette cabinet, cash machine, lottery terminal and filing cabinet.

The property benefits from a CCTV 4 camera system.