Asking price: £89,995

Sales revenue: £470,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
A very well fitted lock-up shop in busy parade on main road with easy parking. 3yrs remain on renewable lease, rent £6,000pa (new lease possible). High T/O £470,000pa (£9,200+pw) to Mar 09 including lottery and Payzone commission. GPM 30%. Very good Net Profit. WNB £5,500m pw with 18 rounds using reliable part-time delivery staff. Run by vendors, 1 full-time & 2 part-time staff. Traded for 30yrs+, sale for family reasons. Suit working couple or family partnership.

Years established: 30

Employees: The business is run by the husband and wife owners with the assistance of a full time and two part time members of staff

Trading hours: Monday Tuesday, Thursday 5.00am to 7.00pm Wednesday, Friday, Saturday 5.00am to 8.00pm Sunday 5.00am to 6.00pm.

Property: Leasehold

Lease terms
The premises are held on a renewable lease with 3 years remaining at a current rent of £6,000 per annum. We understand that the landlord would be happy to offer a new lease if desired.

Location
This busy traditional newsagent, tobacco and confectionery shop is situated on a main road in a well-populated residential area of a popular East Sussex coastal town.. The location benefits from easy parking in front of the shop and enjoys a high level of regular trade throughout the day having been established for over 30 years.

Expansion potential
could add extra newsrounds.

Reasons for selling
sale for family reasons