Newsagents for sale in Tyne and Wear

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Adam Warren (Jan 2017)
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Leasehold Price: £35,000 Weekly Turnover: £6,500
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Business Description
SPACIOUS SALES SHOP probably in the region of 650 sq. ft. sales area with tiled floor, counter, electronic cash register, 1 greeting card display stand, 1 single door drinks display fridge (on loan), 3 double door drinks display fridges (all on loan), shelving, chest deep freezer etc.

Stockroom
Staff w.c. & wash hand basin

Situated end of parade, residential area, TYNE & WEAR

• ACCOMMODATION INCLUDED

The accommodation comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

In addition there are 2 further rooms (1 not utilized whilst the other is used for storage)

Turnover : £6,000 - £7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £300/£400 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £80 p.w. The business also has Paypoint. The vendor is an agent for UPS Parcels and receives commission iro £ 60 per week.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Lease : £35,000 (C8987)

www.NationwideBusinesses.co.uk

Trading Hours:
Monday - Thursday inclusive - 8 a.m. - 9 p.m.
Friday & Saturday - 8 a.m. - 10 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Number of Employees:
At present operated by the vendor with the assistance of his wife on a part time basis

Tenure: Leasehold

Number of bedrooms: 3

Accommodation Details:
The accommodation comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

In addition there are 2 further rooms (1 not utilized whilst the other is used for storage)Small Garden

Location Details:
Situated end of parade, residential area, TYNE & WEAR

Listed by: Nationwide Businesses Ltd

Find out more about this business opportunity.

 
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C8987
Seller Reference:
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