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Confidential Sale (Address Information Withheld) - Staffordshire - West Midlands

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Property Details
Agent Ref No: C1121uk
Category: Business for Sale
Business Type: Newsagents
Convenience Store
Offer Type: Offers in the region of
Price: £210,000.00
Rent: Not Applicable
Yield: £6400
Further Property Details
Date Listed: 2008-11-21
Size: 52 m²
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status: Business Currently Trading
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Description

NEWSAGENTS, Stoke on Trent. Traditional newsagent with small amount of convenience. 1st floor s/c flat. T/O £6,400 p.w excluding Lotto & Payzone. Gross margin 25%. Price £210,000. F/hold. Ref C1121uk

The Business Partnership is delighted to present this successful newsagents, located in a densely populated area of Stoke on Trent, for sale.

Established for over 50 years and run by our client since 1987, the shop offers traditional newsagency, Lotto, Payzone, stationery, small amount of convenience, gifts and toys. There are 8 news rounds with a weekly wholesale bill of £2,300.

Located in a popular suburb of Stoke on Trent, the shop fronts onto a busy road with ample on road parking to catch passing trade. Rates are £1,191 p.a.

The first floor self contained flat is accessed through a separate entrance and offers a lounge, bathroom, kitchen and bedroom. Approximate rental income should be around £350 p.c.m.

Currently run by the owner and 3 part time staff, significant savings could be made on the wage bill. Extending the opening hours or amount of convenience stock offered could also develop the business.

Turnover (excluding Lotto and Payzone) is £6,400 p.w.
Gross margin 25%
Lotto averages £3,200 p.w.
Payzone averages £250 p.m.

Please ask for full details.

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