Asking price: £135,000

Sales revenue: £520,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
We are pleased to offer to the market this extremely well established newsagent shop, which has been trading successfully for the past 40+ years.

The current vendors have been in ownership for the last 2 years but are selling to look for a larger business.

The shop has a very respectable turnover of £10,000 per week with further £4,500 on lottery and £2,500 on Payzone.

The shop is of generous proportions selling the following product range:
• Newspapers
• Magazines
• Greeting cards
• Stationery
• Sweets and snacks
• Cold drinks
• Sandwiches
• Some diary products and ice cream
• Tobacco products

The business delivers newspapers and magazines with 7 morning rounds, 13 evening rounds and 14 Sunday rounds.

The shop is well provided with shelving and display equipment fit for purpose.

This is an excellent shop in the right area which needs a little bit of money spending on it to brighten things up.

We are advised that stock at cost is approximately £15, £20,000.

The business is staffed by the 2 vendors full time.
REF: 9354LE
FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Weekly sales: £10,000 plus £4,500 lottery & £2,500 payzone
Gross Profit: 30%

Accounts will be made available to interested parties after a viewing has taken place.

Please let us know if you require finance for the purchase of a business.


DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Employees: The business is staffed by the 2 vendors full time

Trading hours: Mon, Tues & Thurs: 5.30am – 7.00pm Wed, Fri & Sat: 5.30am – 7.30pm Sun: 5.30am – 2.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 12.5 years Remaining lease: 10 years Review every: 5 years Rent: £16,500 We are advised that the annual business rates are currently: £5,000

Location
Our client’s newsagent is conveniently located on an extremely visible corner site to a small shopping parade. It is positioned on a very important main arterial road into the city Leicester and has a very valuable front car park, this ensures a good high passing trade as a well attended local clientele.

The area is generally one of middle to better end housing stock and the shop enjoys a mainly monopolistic presence.

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