Redditch, B97

Leasehold Newsagents Located In Redditch For Sale

The Kingfisher Shopping Centre

Ref 2309

Location

This respected Newsagent is located within The Kingfisher Shopping Centre, Redditch. The business benefits from a high volume of footfall and passing trade due to it's highly visible and prominent location. The Kingfisher Shopping Centre which was opened in 1976 and now forms part of the town's primary retail centre boasting an abundance of Blue Chip and complementary independent retailers. The area of business is extremely well served by the public transport system with Redditch railway and bus station nearby. The area is also well served by A-roads, with the A441 being within easy driving distance, which links to all motorway networks.

Business information

Asking Price: £99,950 plus SAV (£10,000)

Weekly Turnover: £10,000-12,000

Lottery: £1,500 pw

Paypoint: £10,000-£13,000 pw

Weekly News Sheet: £1200

Business Description

Veritas Business Sales are privileged to offer to the market this outstanding Newsagents which is located in Redditch town centre. The business was established back in 2003 and has been in the careful hands of our clients for the past 2 ½ years and is reluctantly being offered for sale so that they can concentrate on other business interests. During ownership they have continually invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. News 4 U is family operated and employs the help of 1 part time member of staff and has a average weekly turnover of between £10,000-12,000. Additional income comes from The National Lottery £1,500 per week, Paypoint £10,000-13,000 per week and Payzone £500-£1,000 per week. They retail confectionery, cold drinks, ice creams, crisps, chewing gum, phone accessories, stationary, mobile phone top-ups, groceries, newspapers, magazines, tobacco products, vape products and children's collectable cards. We believe that there is further potential to increase trade by adding sandwiches, off-licence and expanding the vape product range. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with an abundance of shoppers which is a great base to build upon and as such early viewing is strongly recommended.

Opening Hours

Monday - Saturday - 8.30am - 5.30pm

Sunday - 10.30am - 4.30pm

Leasehold

Lease: 5 years

Remaining: 2 ½ years

Rent: £34,340 plus vat pa

Business Rates: £9,480

Ground Floor

Retail (250 sq ft approx) comprising: sales counter with cash register, ceiling mounted CCTV monitor, lockable tobacco kiosk, sales & display shelves, newspaper stands, magazine stands, ice cream freezer, 2 x double door Coca-Cola fridges, upright drinks chiller, crisps racks and confectionery shelves. Side fire exit door leading to hallway.

Storeroom

Storeroom/office comprising: desk, storage shelving, sink drainer, fitted base unit, wash basin, microwave and CCTV monitor.

W/C with wash basin.

External

Rear loading bay.

The property benefits from CCTV (4 camera system) and air conditioning/hot air blower unit.