Busy Newsagent in South Shields Town Centre For Sale South Shields, Tyne and Wear, United Kingdom Advert ref: CTN288NE Business description
Lakey & Co are delighted to offer for sale this excellent business located in a prime spot amongst major multiples and opposite the Metro Station in South Shields town centre. Currently taking around £9,000 per week (inc VAT) with huge potential to increase both ranges and opening hours.Lottery and paypoint commission: £13,000 per annum. A superb opportunity for this looking at buying an established business in a prime location. Avaiable net profit for full time working owners - around £27,000 per annum.
Trading hours: Monday—Saturday: 6.00am—5.30pm
Property: Leasehold
Lease terms
The current rental is £34,000 per annum.
Location
This newsagents business benefits from a prime location with a high amount of pedestrian traffic adjacent to Bon Marche and NatWest and immediately opposite Evans and the Metro Station.
Expansion potential
There is potential to increase the sales in the business by increasing the ranges on sale in the shop - part of which is not utilised by our clients.
Competition / Market
This newsagents business benefits from a prime spot in the centre of King Street in South Shields and is therefore well placed to benefit from the high volumes of shoppers visiting South Shields. There are other outlets in the town selling similar products but it could be argued that Mayfayre News has the best location.
Support & training
Our clients will ensure a smooth handover
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| | Financial details Asking price: £49,950
Sales revenue: £394,534
Net profit: £27,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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