Profitable West Midlands Newsagents For Sale

Business description

No Parking Restrictions

Service road in front of parade

SPACIOUS SINGLE FRONTED SALES SHOP approx. 1,200 sq. ft. sales area. Newly fitted approx. 4 months ago. Tiled floor, suspended ceiling with concealed lighting. New adjustable shelving, 2 display gondolas, 2 glass topped chest deep freezes, 2 open cool display units, counter, 2 electronic cash registers (1 with scanning) etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £2,100 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED MAISONETTE over, comprises: 3 Bedrooms (2 doubles, 1 single) Bathroom with bath, w.c. and wash hand basin Lounge Kitchen with fitted units

Location:

Situated in a parade, residential area, WEST MIDLANDS

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £18,000 p.w. in our opinion offering tremendous to increase in the right hands. Wholesale newsbill £2,500 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £220 p.w. The business also Paypoint and we understand this provides a further commission of approx. £100 p.w.

Reasons for selling:

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £180,000 plus STOCK AT VALUATION (£50,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

6 a.m. - 9 p.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.