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Great Newsagent for sale in Nottingham

Nottingham, Nottinghamshire

Asking Price £49,000
Turnover £260,000

Business overview

A CTN newsstand that has been established since the 1940's working on high-profit margins and low overheads.

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum

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Business description

This is a well-established CTN newsstand that has been established since the 1940's in Nottingham city centre and is well known in the area. They sell your everyday passing needs from cold drinks, confectionary, tobacco, crisps, newspapers and magazines. They also offer the MoneyGram service. The business has an annual turnover of £260k and has high margins of 24%. There are 7 years remaining on the current lease which is with Natwest. The business has very low rent and has no staff other than the current owner. The business currently opens Monday - Saturday 8 am - 5 pm so there is a great room to expand the opening hours.

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