Newsagents Lotto Store In Harborne West Midlands For Sale

Business description

Well established newsagents business for sale with lotto top ups and payzone. Sales average £4,000 per week with a gross profit yield in the region of 30%. Weekly newsbill at cost £1,700 with weekly delivery charges brining in a net profit of £300 per week additional income. Lotto commission together with top ups and payzone averages £100 per week. The ground floor lock up shop comprises spacious sales area rear stock room/rest room and WC and is located in a good residential suburb of Birmingham and is secured on a 15 year lease with a rent of £115 per week. Operating hours 6.30am to 7.30pm Monday to Saturday and 7am to 5.30pm Sunday.

Property information

Property:

Leasehold

Lease terms:

A new 15 years lease subject to 3 yearly rent reviews

Leasehold rent:

£6,000 per annum

Location:

The shop is located in Harborne a good class residential suburb of Birmingham

Premises details:

Ground floor shop with spacious sales area rear rest room and WC with rear garden and to the front forecourt for the parking of two vehicles

Business Operation

Trading hours:

6.30am to 7.30pm Monday to Saturday and 7.00am to 5.30pm Sunday

Employees:

Operated by the family

Years established:

40 years plus

Other information

Support & training:

Full tuition will be given to any new owner

Financing available:

Hurdley & Co can introduce you to various business brokers or banks depending on your circumstances. We now have a qualified commercial broker with us able to offer finance from prime lenders at reasonable interest rates.