Newsagents for sale in Solihull

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Traditional Newsagents Solihull West Midlands

Solihull, West Midlands, England

  • Leasehold Price: £84,950
  • Annual Turnover: £650,000
Seller Reference: 11163
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 11163
Request Details
Business Description
Traditional Newsagents business for sale established in 1992 selling sweets tobacco newspapers cards gifts stationery soft drinks and helium balloons with gross sales averaging £12,500 per week with a gross profit margin in the region of 18%. Weekly newsbill at cost £2,000 having 6 morning rounds. Extra income of £7,404 per annum from commissions from the lotto Hermes parcels and paypoint. The business operates from a spacious shop in a good parade of shops including Greggs Betfred Mind charity shop a café and fish & chip takeaway with plenty of customer parking. The premise comprises ground floor sales shop with rear office/store room and WC and outside rear yard with vehicle access and single garage all secured on a lease with a rent of £18,000 per annum. The business has been operated by our clients for the last 8 years and only now selling due to retirement. Hours of trade 5.00am to 6.30pm Monday to Saturday and 5.00am to 2.30pm Sunday. Great opportunity to purchase a very busy high turnover business in an excellent location with good net profits.
Trading hours:
5.00am to 6.30pm Monday to Saturday & 5.00am to 2.30pm Sunday
Tenure:
Leasehold
Location Details:
Located in an excellent parade of shops in Solihull with plenty of customer parking spaces
Leasehold Term:
Secured on a lease with a rent of £18,000 per year
Listed by:
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