Newsagent for sale in West Midlands

West Midlands


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a terrace, main road position, residential area plus close to an industrial area, WEST MIDLANDS

WE ARE INFORMED the turnover overages £7,000 p.w. Wholesale newsbill £600 p.w. We are further advised that the gross profit is in the region of 20%.. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £115 p.w. The business also has Paypoint which we understand provides a further commission of approximately £20 p.w. The business also has an ATM machine which we understand provides a further revenue of approximately £20 p.w.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £8,400 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years. (The vendor is also prepared to discuss granting a shorter lease, if desired).

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

On the ground floor is a shower room with shower, w.c. & wash hand basin

First Floor
1 Double Bedroom
Living room/kitchen

In addition there is a loft area with possible potential to be converted into additional accommodation

Monday - Saturday inclusive - 5.30 a.m. - 9 p.m.
Sunday opening - 6 a.m. - 8 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £65,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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