Traditional Newsagents with Lottery West Midlands

Price:

Freehold - £245,000

Turnover:

Seller Ref:

10784

Location:

West Midlands , Birmingham, Longbridge

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:

Traditional CTN with lottery in the same family ownership for the last 45 years and only now selling due to retirement. Sales average £8,000 per week with a 22% gross profit yield. Weekly newsbill at cost £1,100 ALL COUNTER TRADE and income from the lottery and paypoint and payzone amounts to £270 per week. The business operates 6am till 6pm Monday to Saturday (7pm Wednesdays and Saturdays) and 8am till 1pm Sundays. Premise comprises ground floor sales area over 1,000 sq.ft with rear stock room and WC. To the first floor there is a separate entrance spacious one bedroom flat which can be let at £400 per month. This business is situated in an excellent location on a busy main road with easy parking in a parade of shops which includes William Hill bookmakers fish & chip shop chemists and Post Office. First time on the market for 45 years and absolutely ripe for any enterprising new owner to modernise the shop open longer hours introduce wines and spirits and significantly increase the present turnover. Bournville college is just a few hundred yards from the shop and accommodates up to 15,000 students

Location Details:

Superbly located business in a group of shops including Post Office Chemists Bookmakers and Off Licence

Trading Hours:

6.00am to 6.00pm Monday to Saturday (7.00pm Wednesday & Saturday) and 8.00am to 1.00pm Sunday

Accommodation:

One bedroom self contained flat with lounge kitchen and bathroom