Traditional Newsagents West Midlands

Price:

Leasehold - £28,000

Turnover:

Seller Ref:

10842

Location:

West Midlands , West Bromwich

Business Type:

Retail businesses

See Other:

Convenience stores for sale in West Midlands
Newsagents for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

Well established traditional 6 day week newsagents store with the National Lottery West Midlands Travel Paypoint and Payzone. The business is superbly located on the busy High Street in West Bromwich close to all the major banks Sandwell college the library and numerous offices. Takings average £4,250 per week with a gross profit yield in the region of 28%. Additional income from the lotto amounts to £140 per week and from the others Paypoint/Payzone etc £150 per week. Weekly newsbill at cost £420 with one morning delivery round. Sales also include cards magazines stationery sweets tobacco and essential grocery items. The business operates 6.30am to 6.30pm Monday Tuesday Thursday & Friday 6.30am to 7.30pm Wednesday and 7.30am to 7.30pm Saturday Closed on Sundays. Premise comprises ground floor shop with rear store and shared WC secured on a lease with a rent of £346 per week. Genuine retirement sale after 18 years. Great opportunity.

Location Details:

Situated on the busy High Street in West Bromwich

Lease Terms:

Secured on a 10 year lease with a rent of £18,000 per annum and a rent review in the 5th year

Trading Hours:

6.30am to 6.30pm Mon Tues Thurs & Fri 6.30am to 7.30pm Wed and 7.30am to 7.30pm Sat