Newsagents Lotto Store In Walsall Wood West Midlands For Sale

Business description

Newsagents/Lotto store situated in a parade of shops with large car park on a busy B road in Walsall Wood in the West Midlands. Gross sales average £7,300 per week with a gross profit yield in the region of 19%. Lotto commission averages £90 per week and further income of £75 per week from top ups and payzone and paypoint. Weekly newsbill at cost £1,500 having 5 morning 9 evening and 6 Sunday rounds. Property comprises ground floor sales area with rear stock room small kitchen WC and outside rear yard with vehicle access. To the first floor and second floors separate entrance flat with lounge and kitchen and two double bedrooms and one single bedroom and bathroom all secured on a 12 years lease with a rent of £8,800 per annum. Hours 5.30am to 6.00pm Monday to Saturday and 5.30am to 12.00pm Sunday.

Property information

Property:

Leasehold

Lease terms:

12 year lease from October 2004 subject to 3 yearly rent reviews

Leasehold rent:

£8,800 per annum

Living accommodation:

First & Second floor flat with lounge kitchen two double bedrooms and single bedroom and bathroom

Location:

Located in a parade of shops in a good residential area north of Birmingham

Premises details:

Ground floor shop with rear stock room WC and door to outside yard. To the first floor kitchen and living room and to the second floor 3 bedrooms and bathroom.

Business Operation

Trading hours:

5.30am to 6.00pm Monday to Friday 5.30am to 6.00pm Saturday and 5.30am to 12.00pm Sunday

Other information

Support & training:

Full tuition will be given to any new owner

Financing available:

We 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.

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