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.
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.
There is no living accommodation.
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.
Monday to Friday: 5.00am - 6.00pm
Saturday: 5.00am - 7.00pm
Sunday: 5.00am - 12.30pm
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.
£89,500 plus stock at valuation for the Lease, Business, Fixtures and Fittings.
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