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NEWSAGENTS/ LOTTO BLACKHEATH. WEST MIDLANDS

Price:
Leasehold - £199,950
Turnover:
Register to view
Seller Ref:
T26784K
Location:

West Midlands

Business Type:

Retail businesses

See Other:
Newsagents for sale in West Midlands
Retail businesses for sale in West Midlands
Description:
THE BUSINESS:

Newsagents Business with Lotto Blackheath. West Midlands

Taking £15.000 per week in Retail Sales
Plus High National Lottery Sales
Six Day Week with No Sunday Trading
Low Overhead Costs. High Profits
Leasehold Price £199.950

Description and Trade:
A long established lock-up Newsagents business situated in a very busy trading location.
The trade is that of Newspapers & Magazines. Confectionery. Tobacco Products. Stationery. Health Foods. Soft Drinks. Snack Lines etc.
There are also High Commission Earnings from the sale of National Lottery Tickets and Telephone Top-Ups.

Premises:
The well fitted Sales Area (c.675 sq ft) has a suspended ceiling and carpeted flooring. Fixtures and fittings include wall and double sided gondola shelving. 24? run of news display racking. two self serve drinks chillers. ice cream freezer. run of greetings card display cabinets. and serveover counter with 2 cash registers. CCTV is installed.
Leading to a Stock Room with floor safe. and rear door to shared access area and w.c facilities.

Accommodation:
There is no living accommodation.

Comments:
A superior Newsagents business with high sales. low overhead costs. and substantial extra commission income. with a six day trading week and reasonable trading hours.

Our Client Informs Us That:

Takings and Profitability:
Retail takings are in excess of £15.000 per week with a gross profit margin of about 16% - 17%.
Plus substantial additional income of over £600 per week from the sale of National Lottery tickets and telephone cards.
The weekly newsbill at cost is around £2.000. all counter trade with no deliveries.

Trading Hours:
7.00am 5.30pm Monday to Friday
8.00am 5.30pm Saturday
Closed Sunday & Bank Holidays

Staff:
The business is family operated.

Tenure:
Leasehold. Held on a 21-year lease from 2010 at a present rent of only £8.600 per annum.

Price:
£199.950
plus stock at valuation for the lease. business. fixtures and fittings.
Realistic Offers Are Invited.

Accommodation:
No
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