| Freehold Popular Newsagent with Excellent Potential |
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| B4S Reference: |
28795 |
| Asking Price: |
£340,000
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| Net Profit: |
£21,000 |
| Sales Revenue: |
£162,816 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
40 Years 0 Months |
| Ownership: |
Freehold |
| Location: |
Undisclosed, West Midlands County, United Kingdom |
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THE BUSINESS
Advent Business Sales is delighted to have been instructed to offer to the market this exceptionally well established newsagents, with attached spacious first floor apartment.
The newsagent, which was founded over 40 years ago has been owned by the present vendor since 1995 and is only now being reluctantly offered for sale as he and his family are planning to move from the area.
The business sells:
Newspapers & magazines
Cigarettes & tobacco
Soft drinks & confectionery
Large selection of greetings cards & gift wrap
General household goods
Pocket money toys
Ice cream
Stationery
Fireworks in season
It also has 3 morning, 6 evening and 3 Sunday paper rounds.
In addition, they have the National Lottery and a Payzone terminal.
The newsagent has an excellent and loyal local trade as well as having passing traffic. There are also nearby two primary and two high schools with many of the children calling into the newsagent on a regular basis.
This is very much a community newsagents with all the customers on first name terms with the vendor.
The vendor, who works alone in the business, is quite prepared to work with a new owner for a short time to ensure a smooth hand over and to give the necessary introductions to customers.
We are advised that stock at cost is approximately £15,000.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
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Property: |
Freehold |
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Lease Terms: |
We are advised that the annual business rates are currently: £1,700 |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Ground floor lock up shop, which is very well presented with first floor apartment which briefly comprises:
Ground Floor
Middle entry door into the shop with facing 2 centre gantrys
Ice cream freezer
1 double, 1 single door soft drinks chiller
Side wall shelving
Rear counter and till with back cigarette gantry
Lottery terminal
w/c
kitchen area
large rear store room
premises are alarmed
First Floor
Self contained and separately accessed apartment which briefly comprises:
2 double bedrooms one of which has fitted wardrobes
Large lounge
Family bathroom with shower over the bath
Fully fitted kitchen diner
Single garage
Rear garden
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Location: |
The newsagents have an excellent high visibility location in the centre of a very popular and affluent housing estate in the West Midlands. Situated on a small select parade, which also comprises a hairdressers, beautician and an off licence. There are also two primary and two secondary schools nearby.
Parking is free of charge on street in front of the shop.
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This is already a very successful business, it does however, still offer excellent scope to increase both sales and profits in the near term by:
1. Opening later in the evenings
2. Extend the premises to the rear, the work would be purely internal
3. Also have alcohol sales
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon-Sat: 6am 6pm
Sun: 6am -1pm
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