Impressive Newsagent in West Midlands For Sale

Semi-Detached property, prominent trading position, residential area, WEST MIDLANDS

Turnover £ 3,000
Price £24,950

Features

Well Established Newsagents, National Lottery

DOUBLE FRONTED PREMISES in the region of 220 ft² WITH ELECTRIC SHUTTERS. Carpet tiled floor, suspended ceiling with LED lights. Sales counter, cigarette gantry, cash register, modern adjustable shelving, glass fronted upright single door drinks display fridge, Coca-Cola fridge, CCTV system 4 cameras, 1 monitor.

Toilet with w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. approx. with a gross profit of 23% approx.. Wholesale newsbill £1,000 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £10 per week approx.
PAY ZONE £10 per week approx.

Staff

The business is at present operated by a husband & wife team. 4 news rounds (200 houses approx). Delivery charge £1 p.w.

Trading Hours

7 Day week
MONDAY - FRIDAY 6.30am - 5pm
SATURDAY 7.30am - 5pm
SUNDAY 7.30am - 1pm

Accommodation

THE SELF CONTAINED ACCOMMODATION SEMI-DETACHED HOUSE with Gas Fired Central Heating, Double-glazed windows, comprises:

3 Bedrooms (2 doubles, 1 single)
Lounge
Kitchen
Dining Room
Bathroom with bath, w.c. and wash hand basin

Outside

Rear garden with lawn

Tenure

The landlord subject to satisfactory references is prepared to grant a new SECURE RENEWABLE 12 years full repairing and insuring lease with rent reviews every 3 years at a rent of £8,000 p.a. for the first 3 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1990 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £24,950 plus STOCK AT VALUATION (£10,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 12,475 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote