Convenience Stores for sale in Cradley Heath

View the "NEWSAGENTS – CRADLEY HEATH, WEST MIDLANDS" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Thanks to your site we're now proud owners of a Freehouse with letting rooms in the West Country! 

Mr & Mrs Campbell (Jan 2015)
View More
Leasehold Price: £64,500 Annual Turnover: £353,600
Request Details
Business Description
Well Established Newsagents Business in Cradley Heath

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.

Premises:

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.

Accommodation:

There is no living accommodation.

Comments:

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.

Trading Hours:

Monday to Saturday: 5.30am - 5.30pm

Sunday: 6.30am - 12.00 midday

Staff:

The Business is operated by family members.

Tenure:

The Premises are held on a 15-year lease from 2005. Present rent payable is £6,500 per annum with 3-yearly review dates.

Price:

£64,500 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Tenure: Leasehold

Listed by: Everett Masson and Furby
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

TG26595K
Seller Reference:
Bookmark and Share
You May Also Like...
loading...