Newsagents - Luton Town Centre Huge Profits And Potential | | Luton Bedfordshire | | Successful family run business in busy and thriving part of luton. Based in large residential area, as well as local business trade and large student residential halls opposite. £5000 W/T with massive sccope to increase. A viewing is a must. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 50604
ADVERT IMPRESSIONS : 9,483 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £130000 | ANNUAL RENT: | £20000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Newsagents/General store – Luton
Business Details: This Newsagents/General Store is situated on a corner location in a busy and thriving location. Very close to the Town Centre, this business also benefits from local business and residential trade with the bonus of selling a wide range of products for the local market.
The Business: Lemko Associates is pleased to present this excellent and profitable business to the market. Trading over the past 28 years this is a well established and well run small business with the potential to be an extremely lucrative and highly profitable business.
Currently run as a family business would suit an energetic and confident person with the ability and foresight to drive the business forward. Current owner is looking to retire hence sale.
Current turnover is over £250,000 per annum with large net profits and again the potential to increase both turnover and profit substantially. Currently well stocked (including mini off licence and cigarettes section) this business carries all the major lines as expected from a busy newsagents. The current owners do not have lottery concessions or paypoint.
This business has strong local ties and has an excellent local reputation and many loyal customers. We stress that there is huge potential in this business and we are happy to discuss these with potential buyers.
Opening hours are currently Monday to Saturday – 5.30am to 7pm and Sunday 6am to 2pm so plenty of opportunity to increase profitability on the opening hours alone.
Business Premises:
Ground Floor – lock up corner store which briefly comprise;
• 3 large drinks fridges
• Large counter display area
• Shelving on near and far walls displaying alcohol and newspapers etc
• Middle of store has display units which house various items
• Rear of shop has large storage facilities which can be removed to extend shop and expand business
First Floor:
• 2 bedroom self-contained apartment
• Large living room
• Kitchen
• Bathroom
• This can be let separately or as part of entire lease – possible rental value of over £6,000 - £7,000 per annum
Premises benefits from good security in terms of roller shutters on shop front as well as the added bonus of parking to the side.
Tenure: This premises has the added bonus of being available on a new lease whose terms can be negotiable. Leasehold: £20,000 for entire building inclusive of upstairs living area however this is also negotiable or can be sold as just shop premises.
Business: Business turnover is currently over £250,000 with potential for much larger revenues. Accounts available upon request - please confirm with agent.
Price: £130,000 O.I.R.O
Viewings: Strictly by appointment only – please contact agent for more details | | | | | | FOR SALE | | | | | REFERENCE: | 001 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
