Newsagents for sale in Mansfield

View the "Counter Newsagents in Mansfield Shopping Centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £17,995 Price Reduced Annual Turnover: £160,000 Gross Profit: £32,000 Annual Net Profit: £22,000
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Business Description
Low Rent & Rates
Annual Turnover £160,000
Gross Profit £32,000
Heavy Footfall, Next to Iceland
Located in Rosemary Shopping Centre
EPC - F
REF 6136 – Leasehold Counter Newsagents

Blacks Brokers are proud to bring to the market this leasehold newsagents located in a busy and much sought-after area of Mansfield, Nottinghamshire.

INTRODUCTION

Areeb News has been trading on Walkden Street as part of the Rosemary Centre since 2006 with our client in ownership since 2017. During that time, it has firmly established itself within the local community and within this business sector, gaining a good base of local customers in addition to plenty of passing trade.

LOCATION

Situated within the town centre, this business is well positioned close to many other local businesses and shops. The area is popular with shoppers, other local workers and residents. Parking is available in the immediate area and public transport links are good.

REASON FOR SALE

The business is only being offered for sale due to our client’s other business interests.

LEASE

The current lease is 7 years and began in 2015 at a cost of £106 per week.

BUILDING LAYOUT AND DESIGN

Areeb News is housed within a small, open fronted kiosk unit within a purpose-built shopping area. Signage is displayed to the front of the unit (this shows as “Slacks News”) and there is a retail area filled with magazines and newspapers to the front of the kiosk.
Each area is finished to a high standard with good quality fixtures and fittings in place. A full inventory is available on request.

STAFF

The business is currently operating with only our client in employment and no additional members of staff.

FINANCIAL DETAILS

Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £160,000 with gross profits of £32,000 and net profits of £22,000.

SUMMARY

This leasehold proposition offers a new owner a good opportunity to acquire this busy shop with scope for expansion into other goods sales. The unit is well-positioned within a well-known shopping area. Early viewings are very strongly advised. Fixtures:
Shutters

Electronic Till

PDQ Terminal

Coffee Machine

Drinks Chiller

Cigarette Cabinet
Trading Hours:
MON - SAT: 08:00 - 18:00
SUN: CLOSED

Tenure: Leasehold

Location Details: Mansfield

Leasehold Term: Rent: £106 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6136
Seller Reference:
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