 | Town-Centre Newsagent & Convenience Business Plus Lottery For Sale Worthing, West Sussex, United Kingdom Advert ref: MHSE4670 FINANCIAL DETAILS | Asking price: £49,950 Sales revenue: £210,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership offers for sale:
With an established record of rising turnover and good margins, the sale of this thriving business offers buyers the opportunity to acquire a straightforward and reliable counter news operation in a busy town-centre location.
Sited on a busy main street amid a mix independent retailers, cafes and hotels these prominent premises offer a mix of news, magazines, stationery, tobacco and basic convenience. In addition to these lines, the outlet enjoys sales of high-margin greetings cards and gift/beachwear as well as achieving strong lottery/phone card sales.
• Central Location
• Long-Established Business
• Straightforward Operation
• Growing T/O
• Strong Lottery Sales
The current owner runs from 6am until 6pm. The immediate area is busy from early morning until late evening offering clear opportunities for incoming operators who chose to open later. There is also considerable demand for an expanded news delivery service to local hotels and the adjoining neighbourhoods.
Turnover ex VAT ran to £192,835 in the last financial year although current trading is considerably stronger.
Well-established and with an exceptional location, this excellent business will prove highly attractive to operators seeking a straightforward shop with proven profitability and strong further growth potential.
Terrific opportunities with this growing business.
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GENERAL INFORMATION | Years established: Many
Employees: owner + part time staff
Trading hours: 6 1/2 days-no late evenings
Property: Leasehold
Lease terms
Renewable lease to 2022. The present rent is £8,750pa.
Escellent town-sentre rent!
Living accomodation
None
Location
Busy location in the centre of West Sussex’s largest town
Expansion potential
The immediate area is busy from early morning until late evening offering clear opportunities for incoming operators who chose to open later. There is also considerable demand for an expanded news delivery service to local hotels and the adjoining neighbourhoods.
Support & training
Owner happy to offer hand over support
Reasons for selling
Other interests
Financing available
Yes
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The Business Partnership - Sussex | | | |
