Traditional Newsagents Lotto Store In West Midlands For Sale

Business description

Well established traditional 6 day week newsagents store with the National Lottery West Midlands Travel Paypoint and Payzone. The business is superbly located on the busy High Street in West Bromwich close to all the major banks Sandwell college the Library and numerous offices. Takings average £4,250 per week with a gross profit yield in the region of 28%. Additional income from the lotto amounts to £140 per week and from the others Paypoint/Payzone etc £150 per week. Weekly newsbill at cost £420 with one morning delivery round. Sales also include cards magazines stationery sweets tobacco and essential grocery items. The business operates 6.30am to 6.30pm Monday Tuesday Thursday & Friday 6.30am to 7.30pm Wednesday and 7.30am to 7.30pm Saturday Closed on Sundays. Premise comprises ground floor shop with rear store and shared WC secured on a lease with a rent of £346 per week. Genuine retirement sale after 18 years. Great opportunity.

Property information

Property:

Leasehold

Lease terms:

Secured on a 10 years lease from 2007 subject to a rent review in the 5th year

Leasehold rent:

£18,000 per annum

Location:

Superbly located on the High Street in West Bromwich Town centre close to all the major banks Sandwell college the Library and numerous offices

Premises details:

Ground floor shop with rear stock room and shared WC

Business Operation

Reasons for selling:

Retirement sale

Trading hours:

6.30am to 6.30pm Monday Tuesday Thursday & Friday
6.30am to 7.30pm Wednesday
7.30am to 7.30pm Saturday

Employees:

Operated by the two owners

Years established:

18 years

Other information

Support & training:

Full tuition will be given to any new owner

Financing available:

Broker can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service please telephone us below for contact details.