Town Centre Newsagent. Straightforward 1-Round Business For Sale

Business description

The Business Partnership offers for sale:

With an established record of rising turnover and good margins, the sale of this thriving business offers buyers the opportunity to acquire a straightforward and reliable counter news operation in a busy town-centre location.

Sited on a busy main street amid a mix independent retailers, cafes and hotels these prominent premises offer a mix of news, magazines, stationery, tobacco and basic convenience. In addition to these lines, the outlet enjoys sales of high-margin greetings cards and gift/beachwear as well as achieving strong lottery/phone card sales.

• Central Location
• Long-Established Business
• Straightforward Operation
• Growing T/O
• Strong Lottery Sales

The current owner runs from 6am until 6pm. The immediate area is busy from early morning until late evening offering clear opportunities for incoming operators who chose to open later. There is also considerable demand for an expanded news delivery service to local hotels and the adjoining neighbourhoods.

Turnover ex VAT ran to £192,835 in the last financial year although current trading is considerably stronger.

Well-established and with an exceptional location, this excellent business will prove highly attractive to operators seeking a straightforward shop with proven profitability and strong further growth potential.

Property information

Property:

Leasehold

Lease terms:

Renewable lease to 2022. The present rent is £8,750pa.

Living accommodation:

None

Location:

Busy location in the centre of West Sussex’s largest town

Other information

Expansion potential:

The immediate area is busy from early morning until late evening offering clear opportunities for incoming operators who chose to open later. There is also considerable demand for an expanded news delivery service to local hotels and the adjoining neighbourhoods.

Support & training:

Owner happy to offer hand over support

Reasons for selling:

Other interests

Trading hours:

6 1/2 days-no late evenings

Financing available:

Contact The Business Partnership 01903 601240

Contact the seller