23-Year-Old Popular Newsagents in Motherwell with High Growth Potential - Offers Invited
Motherwell, North Lanarkshire
- Status
FOR SALE
- Date Submitted:
12/08/21
- Advert ID
281002
- Reference
1629 / Rightbiz
- Call Agent:
- Turnover: On request
- Net Profit: On request
Key Features
- Attractive Business
- Price Reduced
- Established Business
- Accounts Available
- Town Centre location
- Open Plan Trading Area
- Fully Fitted
Business Details
23 Year Established Newsagents with Potential for Growth Motherwell OFFERS INVITED
OFFERS INVITED
Central Business Sales is delighted to offer to the market a 23 year established local newsagents, offering a great first time business with potential for growth. The newsagents is very popular and has a high level of repeat trade from the local community as well as good passing trade. The business is located in the centre of Motherwell.
The newsagents is a traditional CTN business and offers newspapers, magazines, confectionery, tobacco products, soft drinks, greetings cards and gifts. There is potential to add sandwiches and other food products to increase the turnover. The business also has 8 paper runs.
The double front unit is approximately 60 m² in size. There is a spacious open plan display area to the front with a good sized serving area towards the back. A good sized storage area and kitchen lie to the rear of the premises.
The business is being offered on a leasehold basis with 7 years left on the current lease. The rent is £388 per calendar month and the landlord is the local council. 100% rates relief applies under the Small Business Bonus Scheme.
***PLEASE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES - DO NOT MAKE A DIRECT APPROACH TO THE OWNER OF THE BUSINESS OR ANY STAFF MEMBERS***
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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