Taking £6,800 per week plus Commissions
Good Trading Position
Family Operated Business
Leasehold Price £64,500
Description and Trade:
A well-established Newsagents Business situated in a good trading position. The Business sells newspapers & magazines, general groceries, beers, wines & spirits, greetings cards and sundry lines.
Retail Shop (over 600 sq. ft.) with suspended ceiling. The shop is well fitted for the trade with modern adjustable shelving to walls, double sided gondola display shelving, dairy cabinet, chilled drinks cabinets, greeting cards display stands, ice cream freezer, serving counter with cash register.
Stock Room/Kitchen; w.c. and upstairs Storage Room.
The premises are protected with roller shutter to front windows and a burglar alarm system.
There is no living accommodation.
This is a long established Newsagents business in a good trading location with relatively low operating costs. An Off Licence was introduced in May 2011, which will obviously increase sales and profits.
Our Client Informs Us That:
Takings and Profitability:
Takings are around £6,800 per week, with gross profits estimated to be 20%.
Additional income of around £100 per month is earned from PayZone electronic payments service.
The Weekly News Bill is around £1,000 per week, with 2 morning, 3 evening and 2 Sunday news delivery rounds in operation.
Monday to Saturday: 5.30am - 5.30pm
Sunday: 6.30am - 12.00 midday
The Business is operated by family members.
The Premises are held on a 15-year lease from 2005. Present rent payable is £6,500 per annum with 3-yearly review dates.
£64,500 plus stock at valuation for the Lease, Business, Fixtures and Fittings.
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