The store trades under an independent banner and offers National Lottery, ATM and PayPoint services, alongside newspapers and magazines, cards, household products, confectionery, bakery goods, dairy, canned goods, tobacco and alcohol. The property provides off road parking available to the rear of the store and also benefits from spacious three bedroom owner’s accommodation on the first floor.
Heavily relied upon by the local community, News Extra is in a strong trading position with no immediate competition in the nearby vicinity, presenting a new owner with the opportunity to take on an ideally positioned business.
Current owner, Sanjay Borde has operated the business for over two years and is seeking a sale due to family reasons. He comments, “This is a well established shop running for over 40 years and thus has a very strong regular customer base. The customers are very friendly, reliable and trustworthy.”
Ashley Cobban, Business Agent at Christie & Co is handling the sale and comments, “News Extra presents a great opportunity for an incoming operator to drive the business forward. There is significant scope to increase trade by introducing a symbol banner that is recognisable to consumers or extending the currently limited opening hours.”
Christie & Co is seeking an asking price of £299,950 for the freehold interest of News Extra.