Convenience Stores for sale in Tamworth

View the "NEWSAGENTS SHOP - TAMWORTH" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £89,500 Annual Turnover: £236,435
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Business Description
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.
Tenure: Leasehold

Listed by: Everett Masson and Furby
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T26979K
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