Asking price: £30,000

Sales revenue: £180,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Asking Price Reduced !!! OIRO £30,000 + SAV
Sales Revenue £180,000 +

An extremely successful and very well positioned family run market newsagents offering a good range of traditional goods such as newspapers and magazines, greetings cards and gift bags, tobacco and stationery products, toys, jigsaws and model kits. Market News benefits from a loyal customer base offering a 'saves' service and also very good passing trade.

The units are secured each evening with a security curtain and the Market Hall is closed up by dedicated Market Hall cleaning and security staff.

Market News is included on the Cathedral Quarter website and in the Cathedral Quarter Tourist publication.

Years established: 20+

Employees: Operated by the vendors with one member of staff working 10 hours.

Trading hours: Monday to Saturday 7:30am until 5pm. Closed on Sundays and Bank Holidays.

Property: Leasehold

Lease terms
A lease is granted from Derby City Council on a rolling basis with the rent and service charges being set on an annual basis currently £8,700.

Location
Market news is situated in the centre aisle of the Market Hall in Derby City Centre Cathedral Quarter. It has the benefit of a good mix of neighbouring businesses and a rapidly developing area of hotels and residences including the River Lights Development, the new bus station and the Westfield Shopping Centre.

Support & training
The vendors will co-operate fully with any handover required by the purchaser to include visits/ registration at the wholesalers and dealing with the news wholesale deliveries to the stall. The vendors will be on hand as they have another unit in the Market Hall and so are selling Market News with confidence that it is a sound and profitable business. The accounts will be available to genuine interested parties after viewing.

Reasons for selling
The vendors have taken on another business in the Market Hall and would like to concentrate their efforts on expanding their gift shop.

Related website: www.derbycathedralquarter.co.uk/index.asp