Newsagents for sale in Folkestone

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Spacious Newsagents - Folkestone, Kent

Folkestone, Kent, England

  • Leasehold Price: £145,000
  • Annual Turnover: £648,000
  • Annual Net Profit: £66,800
Seller Reference: 12294
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Business Description
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Seller Reference: 12294
Request Details
Business Description
Turnover £648k P/A
Gross Profit £187k P/A
Net Profit £66.8k P/A
Rent £12.5k P/A
10 Year lease, with 7 years remaining. 
Inside the L&T Act 1954

Established 85 years ago, this newsagent has been an ever-present to the local community. Currently offering newspapers, magazines, cards, gifts, sweets, tobacco, National Lottery and cake decorating accessories. They are the biggest home delivery newsagent across Folkestone and surrounding areas, with a long list of customers. Operating 7 days per week, the fantastic reputation which results in continuous returning custom, and a friendly, personable atmosphere. Turnover £648k P/A. Net Profit £66.8k P/A.
Leasehold Term:
10 Year lease, with 7 years remaining.  Inside the L&T Act 1954
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