Newsagents for sale in Jarrow

View the "Freehold 3 Bed Property & Newsagent in Jarrow £245,000 Freehold | £35,000 Leasehold" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Freehold 3 Bed Property & Newsagent in Jarrow £245,000 Freehold | £35,000 Leasehold

Jarrow, Tyne and Wear, England

  • Freehold Price: £245,000
  • Leasehold Price: £35,000
  • Annual Turnover: £260,000
Seller Reference: 5701
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 5701
Request Details
Business Description
A well established CTN newsagent & general store on a main road near a shopping centre within a central location in Jarrow. The shop is well presented with a good range of product and plenty of scope to introduce further lines and alcohol with no off-licence nearby the sales could be increased. Shop commissions from Lottery, Paypoint & parcels generate an extra £20,000 per year. Increased opening hours could also be introduced from the current 6pm closing time.

Freehold Price
£245,000

Weekly Sales Average
£5,000

Annual Turnover
£260,000

Council Rates
Zero Rateable

Accounts
3 Years Available

Annual Net Profit
£17,000

Premises Licence
No current alcohol licence

Commissions on Services
Approx £15,000 per year

Ground Floor
Retail Area 657 m² (614 ft²)
Storeroom 11.6 m² (125 ft²) with rear access

Key Features

• Freehold business with 3 bedroom property

• Well established business over 30 years

• Opportunity to increase sales

• Lottery & Paypoint

• Accounts Available
Trading hours:
Monday – Friday 6:30-6:00 pm Saturday 7:00-6:00 pm Sunday 7:00 – 2:00 pm
Number of employees:
2 part time non-contracted staff
Tenure:
Leasehold, Freehold
Is accommodation included?:
Newly refurbished 3 bedroom property. Call for more details.
Location Details:
Located in the centre of Jarrow in the North East of England
Listed by:
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