Newsagent for sale in Wolverhampton

Wolverhampton, 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 parade, main road trading position, residential area, WEST MIDLANDS.

WE ARE INFORMED the turnover averages £4,600 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £600 p.w. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this is providing a commission of approximately £50 p.w. We are advised that sales for the year ending March, 2013 showed £166,304.

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £8,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

The accommodation comprises:

2 Bedrooms (1 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Monday - Saturday inclusive - 6.30 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 7 p.m.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £28,000 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £28,000
Tenure : Leasehold
Status: Available
Sectors:
Newsagents
Off Licences
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