Very Profitable Business on a Busy High Street
Spacious Shop Taking £9,500 per week
Plus Substantial Commission Income
Lots Of Potential For More, Poor Health Sale
Leasehold Price £115,000, OFFERS ARE INVITED
Description and Trade:
A very profitable Newsagents business situated in a good High Street trading position near Walsall close to the market and many other retailers of all kinds.
The Business sells Newspapers & Magazines, Stationery, Greetings Cards, Confectionery, Tobacco products, Sundry lines and a limited range of General Groceries.
Substantial Commission is earned from the sale of National Lottery Tickets, Bus Passes, e-pay and PayZone facilities, a Dry Cleaning agency, FAX service and UPS Parcel service.
The Shop has an entrance door from the High Street, and one leading to the busy outside market, which is held on Tuesdays, Fridays and Saturdays.
The spacious Sales Area (around 1,300 sq. ft.) has a suspended ceiling and carpet flooring. It is well-fitted for the trade with shelving to walls, greetings cards displays, chilled drinks cabinets, ice cream freezer, long checkout counter.
There is a secure Newspaper Room for accepting stock and stairs leading to a Store Room/Kitchen and w.c.
The Premises are protected with a CCTV system.
There is no living accommodation.
A rare opportunity to acquire a superb business with high sales and profits.
Much potential exists to expand the business by introducing alcohol sales (subject to approval), and offering a newspaper delivery service, for which demand undoubtedly exists.
This business is offered for sale because of the owner’s poor health and is recommended for viewing.
Our Client Informs Us That:
Takings and Profitability:
Retail takings are around £9,500 per week. Trading accounts for year ended June 2014 show Sales £410,242 and Gross Profits £78,742, including commissions.
Credit and debit cards are not accepted, but this facility could easily be introduced by a new owner.
6.30am – 6.00pm Monday to Saturday
7.30am – 2.00pm Sunday
These fairly limited trading hours present an opportunity to increase, especially if alcohol products were introduced.
The Premises are held on a 20-year lease from 2007. Present rent payable is £15,000 per annum.
£115,000 plus stock at valuation OR OFFERS ARE INVITED for the Lease, Business, Fixtures and Fittings.
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