Newsagent for sale in Tyne and Wear

Tyne and Wear


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade of 4 shops, residential area, TYNE & WEAR

WE ARE INFORMED the turnover averages £4,800/£5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,000 p.w. Gross profit 20% approx. Post Office Local. We understand the income is currently in the region of £24,000 p.a. including on line national lottery commission plus rental from an external ATM machine.

We understand the premises are held on a secure renewable Council lease, the present lease having approximately 3 years unexpired at a rental of £5,850 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Monday - Friday inclusive - 6.30 a.m. - 6.30 p.m.
Saturday - 7.30 a.m. - 6 p.m.
Sunday opening - 7.30 a.m. - 1 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£12,000/£13,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £75,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Post Offices
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