Newsagents for sale in Skelmersdale

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John Peacock (Feb 2017)
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Leasehold Price: £119,995 Weekly Turnover: £18,000 Annual Gross Profit: £83,600
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Business Description
The Business

Simphi are delighted to welcome onto the market this well-established newsagent business in a prime trading location in Skelmersdale.

The business has been trading for over 15 years and has been under our clients’ ownership since 2002. It is only now being offered to the market due to our clients’ desire for a well-deserved rest.

This newsagent occupies substantial premises in an ideal trading location in Skelmersdale just off the M58 motorway. The business is situated in the middle of a main road and is also surrounded by densely populated residential areas, therefore benefitting from a very high volume of footfall and passing trade.

The business also benefits from ample on-street parking facilities to the front and side of the premises.

Although there is a convenience store next door, this business retains a very loyal customer base evident by the weekly takings figure.

Premises

This newsagent operates from a large and substantial property.

This double fronted business has a large sign on the front door and front windows to identify itself from other businesses in the area. There is hair salon next door and a local fish & shop only a few yards away.

The property briefly comprises of the following:
Ground Floor: Shop floor, stock room, w/c and a small office area. There is also a rear entrance.

Tenure

The business currently operates on a lease basis with rent at £9,700 per annum.

Trading Hours

Monday to Saturday – 05:30 – 18:00
Sunday – 05:30 – 13:00

Staff

The business is currently owner managed, with 1 full time and 2 part time staff.

Financial Profile

Turnover: £18,000 pw Shop sales: £8,000 pw Other: £10,000 pw Gross Profit: £83,600 pa

Our clients also offer a wide range of other products, including; Greeting cards, and Confectionery.

There is also potential for the new owner to increase the turnover by adding Alcohol and Groceries to its range of products sold.

Our clients also have a free cash withdrawal machine earning a further £6,000 per annum.

There is a flat upstairs currently being sub-let (with the landlords’ permission) earning an additional £90 per week.
Tenure: Leasehold

Location Details: Main Road
Residential housing

Listed by: Simphi Limited

Find out more about this business opportunity.

 
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