Leasehold Newsagents
Location:
England
->
Leicestershire
Industry: Retail > Convenience Stores Retail
Business Summary
LEASEHOLD NEWSAGENT BUSINESS FOR SALE. ASKING FOR GBP 120,000. Advent Business Sales have been instructed to offer for sale this extremely well established business that has been trading successfully for the last 19 years when the vendor started the business.
Ill health and retirement plans now lead to an excellent opportunity to acquire a very profitable business. Our client operates on the grounds of a traditional newsagent, offering the normal goods and services including: Cigarettes and tobacco, 4 am and 1 pm news rounds. Greetings cards & wrapping paper, large extensive trade in magazines more than WHS (according to the vendor). Soft drinks, sweets, crisps & confectionery, small range of stationery, batteries and lottery.
Our client also has a San Marco photo processing unit which brings in a healthy trade, upgrading to a digital system which would lead to further increases in trade.
TRADING HOURS - Mon - Sat: 5.00am - 5.00pm. Sun: 5.00am -10.30am.
BUSINESS PREMISES - A lock up unit briefly consisting of: Sales area of almost 84 ft depth and appropriate shelving, racking and fridges.
TENURE - Leasehold/Renewable. Current Lease - 24 years. Lease Remaining - 5 years. Review every - 3 years. Annual Rent - GBP 20,027. We are advised that the annual business rates are currently: GBP 6,455.
Financials
Asking Price Range: < $250K
Gross Revenues:
$329,110
Cash Flow:
$57,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 1989
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
Photos
View Larger Photo(s) Of Business
Click on the "I'm Interested" button above for more information on this Retail > Convenience Stores Retail business for sale.
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Print Listing Id: 70087283
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