Family-run newsagents for sale in Palfrey, Walsall after 42 years of operation.
Walsall, West MidlandsEst. 42 years
- Status
FOR SALE
- Advert ID
658982
- Leasehold: £35,000 (Stock at valuation)
- Rent: £10,200 (£850 per month)
- Turnover: £182,000 (£3,500 per week)
- Profit: On request
Key Features
- Attractive retirement sale
- Available detailed business information
- Existing supplier relationships
- High footfall location
Business Details
Well Established Newsagents for Sale in Palfrey, Walsall
Established Newsagents for Sale – Palfrey, Walsall
An excellent opportunity to acquire Bipins News, a well-established, family-run newsagents situated in the heart of Palfrey, Walsall.
Having been operated by the same owner for 42 years, the business has built a loyal customer base and a strong reputation within the local community. It is now offered for sale due to retirement.
Located on Milton Street, directly opposite a local school, the shop benefits from its position within an established residential neighbourhood and local shopping area.
Bipins offers a range of newspapers, magazines, confectionery, tobacco products, chilled drinks and toys, alongside a well-established National Lottery service. The toy range provides particularly attractive profit margins, complementing the shop's traditional newsagent offerings and providing an additional source of income.
Key Features
- 42 years under the same ownership
- Loyal customer base and established regular trade
- Located opposite a local school in a residential area
- Strong National Lottery trade
- Established toy range with attractive profit margins
- Existing retail fixtures, fittings and equipment, subject to agreement
- Potential for further business development under new ownership
- Genuine retirement sale
Sale Details
Goodwill asking price: £35,000 (negotiable)
Monthly rent: £850 (£10,200 per annum)
Tenure: Leasehold – new lease terms to be agreed
Stock: At valuation, payable separately
Freehold: Retained by the current owner and not included in the sale
The business is offered as a going concern, providing an opportunity for a new owner to take over an established trading operation with a longstanding presence in the local community.
Further financial information is available to serious prospective purchasers upon request.
Reason for Sale
After 42 years of running Bipins News, the current owner is looking to retire completely.
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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.
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