Newsagents for sale in Birmingham

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 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £87,500 Price Reduced Weekly Turnover: £12,000
Request Details
Business Description
• ACCOMMODATION INCLUDED

SPACIOUS SALES SHOP probably in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, 2 electronic cash registers, 2 open 6' cool display units, 1 5' open cool display unit, 2 glass topped chest deep freezers, modern adjustable shelving, large centre display gondola etc.

Stockroom
Kitchen area
Office
Staff w.c. & wash hand basin.

Turnover : £12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £400 p.w. We are further advised the gross profit is in the region of 20%. Internal ATM machine we understand providing a further income of approximately £100 per month. We understand that an on line national lottery terminal was introduced in June, 2016 & we are further advised this is producing a commission of approximately £40 p.w. at present. The business also has Paypoint plus Click & Collect which we understand provides a further commission of approximately £35 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £87,500 plus STOCK AT VALUATION (£35,000/£40,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Trading Hours:


Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening 9 a.m. - 10 p.m.


Number of Employees:

The business is at present operated by the vendor with the assistance of 3 full time & 1 part time staff.

Tenure: Leasehold

Number of bedrooms: 2

Accommodation Details:

The accommodation in the form of a SELF CONTAINED FLAT over is available as an optional extra on a shorthold tenancy at a rental of £350 per month. The accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen with fitted units

Location Details:

Situated in a parade, expanding residential area, BIRMINGHAM

Listed by: Nationwide Businesses Ltd
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G7302
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