Busy Newsagents For Sale - worcester, Worcestershire, United Kingdom

Asking price: £85,000

Sales revenue: £353,000

Net profit: £57,000

Fixtures value: £57,000

Inventory value: £11,000

Business description: Newsagents Worcester (07) turnover of £353,854.00 positioned on a busy A Road into Worcester with 3 private schools & college. Cellar and large storage unit rent by neg £85,000 leasehold Plenty more scope if opened hours are improved. Parkers 01905 617770

Years established: 30

Employees: 3 inclusing principal and paper boys

Trading hours: 7-5

Property : Leasehold

Lease terms: New lease to be agreed. Owner flexible and willing to split rear unit. Also happy to include clause giving 1st option to buy building which has a 5 bedroom fully refurbished flat over let out to the college of technology.

Location: prime A road into Worcester City Centre

Expansion potential: it is a family business where the children are not interested. Therefore the opening hoours have been limited and should open later and offer other products aimed at the private schools etc and possible convience foods and spirits

Competition / Market: small new convienence store just opened up the road but not newsagency or other services ie lottery cash machines mobile top up etc

Reasons for selling: retirement