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Traditional Newsagents In Solihull For Sale

Solihull, West Midlands
Asking Price:
£84,950
Turnover:
£650,000
Net Profit:
£50K - £100K

Traditional Newsagents business for sale established in 1992 selling sweets tobacco newspapers cards gifts stationery soft drinks and helium balloons with gross sales averaging £12,500 per week with a gross profit margin in the region of 18%. Weekly newsbill at cost £2,000 having 6 morning rounds. Extra income of £7,404 per annum from commissions from the lotto Hermes parcels and paypoint. The business operates from a spacious shop in a good parade of shops including Greggs Betfred Mind charity shop a café and fish & chip takeaway with plenty of customer parking. The premise comprises ground floor sales shop with rear office/store room and WC and outside rear yard with vehicle access and single garage all secured on a lease with a rent of £18,000 per annum. The business has been operated by our clients for the last 8 years and only now selling due to retirement. Hours of trade 5.00am to 6.30pm Monday to Saturday and 5.00am to 2.30pm Sunday. Great opportunity to purchase a very busy high turnover business in an excellent location with good net profits.

Property information

Property:

Leasehold

Leasehold Rent:

£18,000 per annum

Location:

Located in an excellent parade of shops in Solihull with plenty of customer parking

Premises Details:

Ground floor shop with rear store and WC and outside rear vehicle access with yard and single garage

Size in square feet:
800
Planning Consent:

A1 Retail Use

Business Operation

Reasons for selling:

Retirement sale

Trading hours:

5.00am to 6.30pm Monday to Saturday & 5.00am to 2.30pm Sunday

Years established:
Since 1992

Other Information

Financing available:

Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service.

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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