Newsagents Business In West Bromwich For Sale

Business description

Long Established and Profitable Newsagents Business

Unopposed Shop on a Busy High Street

Retail Takings £4.250 per week

Plus Very High Commission Income

Low Leasehold Price £28.000

Description and Trade:
A well-established Newsagents Business situated in a good unopposed trading position close to West Bromwich town centre.

The Business sells Newspapers & Magazines. Greetings Cards. Tobacco Products. Confectionery. Stationery and sundry lines.

The owner?s pricing policy ensures high gross profit margins. and considerable commission income is earned from the sale of National Lottery tickets and electronic payment services.

Premises:
Retail Shop (around 500 sq. ft.) with suspended ceiling. The shop is well fitted for the trade with modern display shelving. greetings cards display units. chilled drinks cabinets. checkout counter with cash register and National Lottery point.

To the rear is a shared Stock Room. common areas and shared w.c. facilities.

The Premises are protected with a burglar alarm system.

Accommodation:
There is no living accommodation.Comments:An opportunity to acquire a very profitable and well-established business at a realistic price.

The Shop does not open on Sundays.

Our Client Informs Us That:
Takings and Profitability:
Retail takings are £4.250 per week. with Gross Profits estimated to be around 28%.

Additional Considerable Commission Income of around £15.000 per annum is earned from the sale of National Lottery tickets. Paypoint. PayZone. West Midlands Travel cards and other ancillary services.

The weekly news bill is around £420; all counter trade.

Trading Hours:
Monday. Tuesday. Thursday & Friday: 6.30am 6.30pm

Wednesday: 6.30am 7.30pm

Saturday: 7.30am 7.30pm

Sunday: Closed

Staff:
The Business is operated by a husband and wife team.

Tenure:
Leasehold. The Premises are held on a 10-year lease from 2007. Rent payable is £18.000 per annum with a review after the first five years.

There is a service charge of around £125 per quarter.

Price:
Only £28.000 plus stock at valuation for the Lease. Business. Fixtures and Fittings.

Property information

Property:

Leasehold