Busy Freehold Newsagent in Low Fell, Gateshead Low Fell, Tyne and Wear, United Kingdom Advert ref: CTN321NE Business description
Lakey & Co are delighted to offer for sale this busy Newsagents business situated in prime busy location with high footfall. The business currently achieves a turnover in the region of £6,000—£7,000 per week (inc VAT)with a weekly wholesale news bill of £2,350. The business also has the benefit of a self contained 2 bedroom flat—currently which is currently let on an AST.
Trading hours: Monday—Friday: 6.00am—6.00pm Saturday: 6.00am—5.00pm Sunday: 6.00am—1.00pm
Property: Freehold
Living accomodation
Self contained two bedroom flat currently let at £260 per month
Location
The business occupies a busy location with the main shopping centre of Low Fell, with high pedestrian and traffic levels passing by. There is ample on and off street car parking in the vicinity
Expansion potential
This excellent business provides an opportunity to either maintain and build the business as it is or to expand the hours and potentially convert in to a full convenience offer/
Reasons for selling
The business is being sold to enable our clients to take early retirement
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| | Financial details Asking price: £310,000
Sales revenue: £300,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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