Newsagents in Busy Residential Area of Washington For Sale Washington, Tyne and Wear, United Kingdom Advert ref: CTN130NE Business description
Lakey & Co are delighted to offer For Sale this attractive Newsagents, located in a densely populated residential area of Washington. Currently taking £5,500 per week, with scope for longer hours. The business occupies well fitted and refurbished premises available on a low rent. A superb first business opportunity or second unit for exisitng operator.
Employees: The business is largely owner run with limited part time staffing.
Trading hours: Monday—Friday : 6.30am—5.00pm Saturday: 7.00am-4.30pm Sunday: 8.00am-12.00pm
Property: Leasehold
Lease terms
The premises are to be made available by way of an assignment of the current lease at a current rental of £3624 per annum. There are 13 years remaining on the lease. We are advised that the business ates payable are £1090 per annum.
Location
This business is situated in an excellent location within a local parade in a densley populated residential area of Washington.There is ample on and off street parking in the vicinity.
Expansion potential
There is definitley scope to increase the opening hours of the business as the currently close at 5.00pm weekdays, 4.30pm Saturdays and 12.00pm Sundays.
Reasons for selling
Our clients wishes to pursue other business interests.
Financing available
This business opportunity should support finance-subject to status. Please contact Lakey & Co who can put you in touch with impartial and independent commercial finance brokers.
|
|  | |  |
| | Financial details Asking price: £49,950
Sales revenue: £286,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
|
| | | |
|
