Newsagent on Busy Metro Station In South Shields For Sale South Shields, Tyne and Wear, United Kingdom Advert ref: CTN401NE Business description
Lakey & Co are delighted to offer for sale the excellent Newsagents Business currently taking £3500 per week with 18% gross profit. Current rent is £279 per week and the business benefits from having counter news sales only with very high footfall and is situated in an excellent unopposed location.
Employees: It is anticipated that a full time working couple could manage the business without any additional staffing requirements.
Trading hours: Monday-Friday 5.30am – 6.00pm. Saturday 5.30am – 4.30pm. Sunday 7.00am – 12.30pm
Property: Leasehold
Lease terms
We are advised that the premises are held on a 15 year lease from 2006.
Living accomodation
The premises are lock up and there is no owners living accommodation
Location
This newsagent business benefits from a prime location and high footfall within Chichester Metro Station in South Shields. The business therefore has a ready made and captive audience which can only increase as more people move towards public transport.
Reasons for selling
The business is being offered for sale solely due to ill health
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| | Financial details Asking price: £25,000
Sales revenue: £182,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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