NEWSAGENTS SHOP - TAMWORTH

Price:

Leasehold - £89,500

Turnover:

Seller Ref:

T26979K

Location:

Staffordshire

Business Type:

Retail businesses

See Other:

Convenience stores for sale in Staffordshire
Newsagents for sale in Staffordshire
Retail businesses for sale in Staffordshire

Description:

THE BUSINESS:

Long Established Newsagents Business with National Lottery
Busy Main Road Trading Location
High Takings £7.000 per week
Weekly News Bill Over £2.000
Leasehold Price £89.500

Description and Trade:
A well-established Newsagents Business situated on a busy main road close to Tamworth Town Centre with lots of passing trade. The Business sells Newspapers & Magazines. Confectionery. Tobacco Products. Greetings Cards and a limited range of General Groceries. Valuable additional income is earned from the sale of National Lottery Tickets and Telephone Top-Ups.

Premises:
With a distinctive frontage the shop is well placed on a busy main road close to the town centre.
Sales Area (around 400 sq. ft.) with tiled floor and suspended ceiling. Fixtures and fittings include: modern wall and double-sided gondola display shelving. greetings cards display. ice cream freezer. chilled drinks cabinets. serving counter with tobacco gantry and EPOS cash register with price look-up & stock control system.Office; Stock Room and w.c.
The shop also has an installed air conditioning unit. and is protected with a burglar alarm and CCTV system.

Accommodation:
There is no living accommodation.

Comments:
An opportunity to acquire a long established business on a busy main road with High Gross Income and a consistent trading history.

Our Client Informs Us That:

Takings and Profitability:
Trading accounts for the year ended 31/05/10 show Sales £236.435. with Gross Profits £50.068 (21.1%)

Takings now are. on average. around £7.000 per week.

Additional commission income of £6.409 is earned from the sale of National Lottery Tickets and telephone top-ups.

The weekly news bill is over £2.000. with 6 morning news delivery rounds in operation.

Trading Hours:
Monday to Friday: 5.00am - 6.00pm
Saturday: 5.00am - 7.00pm
Sunday: 5.00am - 12.30pm

Tenure:
Leasehold. The Premises are held on a 21-year lease from 1998 with 3-yearly review dates. Present rent payable is £6.250 per annum.

Price:
£89.500 plus stock at valuation for the Lease. Business. Fixtures and Fittings.

Accommodation: