Good Trading Location
Taking £3,000 per week
Plus Commission Income
Very Low Operating Costs
Includes Flat with Two Bedrooms
Leasehold Price £27,500
Description and Trade:
A long established Newsagents business in a residential area of Tipton in the West Midlands.
The Business sells Newspapers and Magazines, Confectionery, Greetings Cards, Tobacco Products and a limited range of General Groceries.
The Retail Shop (around 230 sq.ft.) has a suspended ceiling and tiled floor.
The Shop is well fitted for the trade, with shelving to walls, chilled drinks cabinets, greetings cards display, ice cream freezer, checkout counter etc.
Rear Stock Room; Kitchen and w.c.
The Shop is protected with roller shutter to front windows, CCTV system and a burglar alarm.
Above the Shop is a self-contained Flat with two bedrooms (not inspected at the time of our visit). The Flat is sublet and earning £95 per week (£4,940 per annum) in rental income.
This is a reasonably priced and easy to operate business with very low overhead costs.
Our Client Informs Us That:
Takings and Profitability:
The Business is taking £3,000 per week, with Gross Profits estimated to be around 20%.
Commission Income of around £50 per week is earned from PayPoint and PayZone payments services, and Health Lotto tickets.
The weekly newsbill is around £600, with some news delivery rounds in operation.
5.00am – 7.00pm Monday to Saturday
5.00am – 2.00pm Sunday
The Business is family operated.
The Premises are held on a lease with annual rent payable of £5,500 for the shop and living accommodation.
However, once the rental income from the flat is taken into account (£4,160) the net rent payable is only £1,340 per annum (less than £26 per week).
£27,500 plus stock at valuation for the Lease, Business, Fixtures and Fittings.