Newsagents For Sale

Business description

THE BUSINESS
Advent Business Sales have been instructed to offer for sale this very well established and popular newsagents.

In the careful ownership of the current vendors for the last 19 years, it is now reluctantly offered for sale due to the imminent retirement plans.

The vendors own the freehold of the property and has carefully separated the living accommodation and the retail premises, to generate a further rental income.

This is a very popular newsagent with a high concentration of magazines. The majority of newspaper sales are counter trade with the addition of 1 morning, 1 evening and 1 Sunday round offered.

Further sales are generated through sales of confectionery, cigarettes, greetings card, stationery, general household goods, groceries and fresh sandwiches.

There is also a high demand for phone top ups and international phone cars due to the large student population nearby.

Although this business is offered as a lock up premises, there is a spacious 2 bed living accommodation above the premises, which is available to let by separate negotiation.

The vendors, a husband and wife team currently staffs the business.

Property information

Property:

Leasehold

Living accommodation:

A double fronted corner positioned premises on a busy main road with the added security of an alarm system throughout. There is a spacious 2 bed living accommodation above the premises, which is available to let by separate negotiation.

Location:

The business is ideally located in a densely populated residential area occupying a prominent corner position on a busy main road, close to Leicester city centre. There are parking facilities with free street parking in the surrounding area.

To further compliment there are two main university campuses and a large hospital close by, which also provide generous activity in the area.

There are excellent transport links with easy access to the city centre as well as the M1 motorway at junction 21

Other information

Expansion potential:

The business offers excellent potential for growth and expansion this could include:
1. Adding an off licence
2. Applying for the lottery and include payzone or pay point

Reasons for selling:

Retirement

Trading hours:

Mon-Fri: 6.30am – 7.00pm Sat: 8.00am – 6.00pm Sun: 8am – 2pm

Financing available:

Please let us know if you require finance for the purchase of a business.