Leasehold Newsagents In Wolverhampton For Sale

Business description

Advent Business Sales have been instructed to offer for sale this well established newsagent.

In the hands of our client for 2 years they have now reluctantly decided to sell due to retirement plans.

Trade has steadily improved due to investment to the building and also increased product lines.
A recent closure of a local convenient store has increased our client’s turnover
The business has a good reputation and has built up a loyal client base and offers:
- Cigarettes and tobacco
- Newspapers and magazines
- Confectionery
- Small range of groceries
- Fresh and frozen goods
- Payzone
- Cash machine
ref:8193WV

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: TBC
Remaining lease: TBC
Review every: TBC
Rent: Business £9,000with flat: £12,000 per annum

We are advised that the annual business rates are currently: TBC

Living accommodation:

BUSINESS PREMISES Two bed roomed flat recently built to a very good standard with a rental income of £80 – 90 per week Ground Floor - Main shop and counter - Seating area to rear - Stockroom to rear - toilet First Floor - Bedroom 1 - Bedroom 2 - Bathroom - Kitchen - Lounge External - Paved area to shop front

Location:

Our client is located in Wednesfield and near to Wolverhampton and Walsall and benefits from excellent transport links.

The business is located in a densely populated area and benefits from good passing trade.

Other information

Expansion potential:

There is excellent potential to increase turnover by looking at more advertising within the local community, leaflet drops to the local housing estates, increasing product lines and in store promotions.

Trading hours:

7 Days a Week

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