Newsagents & Lotto Store West Midlands

Price:

Leasehold - £69,500

Turnover:

Seller Ref:

10821

Location:

West Midlands , Aldridge, Walsall Wood

Business Type:

Retail businesses

See Other:

Convenience stores for sale in West Midlands
Newsagents for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

Newsagents/Lotto store situated in a parade of shops with large car park on a busy B road in Walsall Wood in the West Midlands. Gross sales average £7,300 per week with a gross profit yield in the region of 19%. Lotto commission averages £90 per week and further income of £75 per week from top ups and payzone and paypoint. Weekly newsbill at cost £1,500 having 5 morning 9 evening and 6 Sunday rounds. Property comprises ground floor sales area with rear stock room small kitchen WC and outside rear yard with vehicle access. To the first floor and second floors separate entrance flat with lounge and kitchen and two double bedrooms and one single bedroom and bathroom all secured on a 12 years lease with a rent of £8,800 per annum. Hours 5.30am to 6.00pm Monday to Saturday and 5.30am to 12.00pm Sunday.

Location Details:

Located north of Sutton Coldfield between Aldridge & Brownhills

Lease Terms:

12 years lease from October 2004 subject to 3 yearly rent reviews

Trading Hours:

5.30am to 6.00pm Monday to Saturday & 5.30am to 12.00pm Sunday

Accommodation:

Separate entrance to the first & Second floor flat comprising lounge and kitchen and two double bedrooms and one single bedroom and bathroom