High-Turnover Newsagents in Prime Louth Location Available for Purchase
Louth, Lincolnshire
- Status
FOR SALE
- Advert ID
621611
- Reference
590797 / Rightbiz
- Call Agent:
- Leasehold: £74,950
- Turnover: £624,000 (£12,000 per week)
- Net Profit: Not Applicable
Business Details
Newsagents For Sale in Louth
NEWS, SWEETS, CARDS, GIFTS AND LOTTO in Louth for Sale.Ernest Wilson are excited to bring to market this high turnover newsagents, sweets, cards and gifts business, occupying one of the best trading positions within the heart of Louth Town Centre. The business has been operated by our client since 2006 and is run predominantly by staff - ideal for owner operator to build on the solid foundations here. The business trades over six and a half day week with a high proportion of gifts, cards and specialist chocolate sales with a high profit margin. Accounts to September 2024 show an annual turnover of £597,000 and a gross profit of 32%, showing net profits in excess of £55,000 per annum, including a Lotto commission of £12,000 per annum. Substantial triple fronted premises held on lease and comprise good sized walk round store with various departmental displays of news and magazines, gifts, jigsaws, cards, stationery, sweets and chocolates. Large counter and cash out facility with Lotto terminal. First floor provides store rooms, office, staff room, kitchen and two WCs. This site could be of particular interest to a full convenience store operator. EPC Band B.
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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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