Leasehold Newsagent With Accommodation For Sale Worthing, West Sussex, United Kingdom Advert ref: N464CG Business description
Established in excess of fifty years and under the current ownership for the past four the business is a traditional newsagent with the addition of the National Lottery, Paypoint and owned ATM machine. The customer base is a mixture of residential customers, school children and parents from the five local schools, workers from the local industrial estate and a proportion of passing trade. The majority of customers are regulars. The business also benefits from having thirteen home paper delivery rounds. The weekly news bill averages around £1,800 to £2,000 per week. Lottery sales are increasing as is commission from mobile top ups.
Years established: 50.
Employees: The business is currently owner run with thirteen delivery boys.
Trading hours: 7.00 am to 6.00 pm Monday to Saturday. 7.00 am to 1.00 pm Sunday.
Property: Leasehold
Lease terms
We have not inspected the lease, but we are informed that the lease is renewable and the
current rent including the flat is in the order of £11,750 per year, with fifteen years
remaining.
Living accomodation
Steps to self contained studio flat with balcony area, kitchen, bathroom, and lounge/bedroom. Central heating throughout.
Location
Situated in an ideal position to benefit from many different types of customers including those from the large residential area, near by schools, and local industrial estate. The business is also just positioned off of a busy road/roundabout and benefits tremendously from the high level of passing trade.
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| | Financial details Asking price: £59,950
Sales revenue: £350,000
Net profit: £60,000
Furniture / Fixtures value: £10,000
Inventory / Stock value: £15,000 |
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