Newsagents In Stoke on Trent For Sale

Business description

The Business Partnership is delighted to present this successful newsagents, located in a densely populated area of Stoke on Trent, for sale.

Established for over 50 years and run by our client since 1987, the shop offers traditional newsagency, Lotto, Payzone, stationery, small amount of convenience, gifts and toys. There are 8 news rounds with a weekly wholesale bill of £2,300.

Located in a popular suburb of Stoke on Trent, the shop fronts onto a busy road with ample on road parking to catch passing trade. Rates are £1,191 p.a.

The first floor self contained flat is accessed through a separate entrance and offers a lounge, bathroom, kitchen and bedroom. Approximate rental income should be around £350 p.c.m.

Currently run by the owner and 3 part time staff, significant savings could be made on the wage bill. Extending the opening hours or amount of convenience stock offered could also develop the business.

Turnover (excluding Lotto and Payzone) is £6,400 p.w.
Gross margin 25%
Lotto averages £3,200 p.w.
Payzone averages £250 p.m.

Please ask for full details.

Property information

Property:

Freehold

Living accommodation:

First floor self contained flat comprising of lounge, kitchen, one bedroom and bathroom. Rental income from this should be around £350 p.c.m.

Location:

Main road location in a densely populated suburb of Stoke on Trent. Ample on road parking catches passing trade.

Other information

Expansion potential:

Extending opening hours and the variety of convenience goods stocked will help to maximise potential for a new owner.

Support & training:

A full handover can be arranged.

Reasons for selling:

Vendor approaching retirement.

Trading hours:

Mon-Sat; 5am-6pm; Sun: 5am-1pm

Financing available:

We can put you in contact with financial companies who specialise in business purchases.