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Shop for sale

High Street, Walsall, West Midlands, WS3

Leasehold £89,950
144 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,550 sq ft (144 sq m)

Key features

  • REF 13238H

Full description

Tenure: Leasehold

Oscars News is located in Bloxwich, Walsall, West Midlands.

The newsagents is situated in the town centre of Bloxwich. This main high street location allows for a generous amount of footfall and passing trade. The area has a variety of retail outlets, as well as an outdoor market which is held three days a week. The area benefits from parking bays and car parks close by.

Bloxwich is a small town in Walsall. Walsall is an industrial town located within close proximity to major towns and cities. Birmingham is approximately 8 miles away and Wolverhampton is around 6 miles away. In 2011 there was a census done which showed a population of around 67,000 it is said to have increased since then.

The road on which the business is located is an arterial road that runs from the centre of Walsall up to Manchester. As well as great road connections, the area also has a generous public transport system. There are several bus stops close by and the closest train station is a short 5 minute drive away.

Hilton Smythe welcomes to the market Oscars News. This newsagent was originally established in this location in the 1970's. This is a long-established business that has an excellent reputation. Our client is now looking to sell the store, due to the desire to take a well-deserved retirement.

The business runs as a busy newsagent in a high street location. The store sells an excellent variety of stock, such as greetings cards, gift wrap, confectionery, newspapers, magazines, household products and health care products. The store also offers extra services that generate a further income. The lottery, E pay, UPS collections, Payzone, and West Midlands Travel.

The shop currently generates an advised turnover of around 434,000 as of the 2014 accounts, with a gross profit of 18%. This is a good turnover; however, we feel this could be increased by opening later hours. The main road location allows for a heavy amount of footfall which the owner should take full advantage of.

The business has two entrances one on the main high street and the other facing the outdoor market, a Post Office, Wilko's and Iceland. The market is held on Tuesdays, Fridays and Saturdays. This draws in large crowds.

This is a fantastic leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Oscars News is situated in a property on a main road. The property is well-signed, clearly visible to passing trade. At the back of the property is another entrance, that faces the town market.

The shop is a great size, there is perimeter shelving and fridges. There is also a magazine rack and central displays. The service counter is situated in the centre of the property, with a view of both exits. The counter has a cigarette gantry, lottery terminal, scratch card stand and a Slush Puppy slush machine.

There are two single fronted Coke & Lucozade chillers, which are both leased.

Equipment included in the sale, is as follows-
Slush Puppy machine
Double fronted chiller
Walls ice cream freezer
Single fronted chiller

On the first floor of the property there is a secured stock room. This area also has a staff kitchen and WC. The property is secured with a CCTV system.
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 20 years
Remaining lease length: 10 years as of 2016.
Rent: 15,000 per annum
The business opening hours-

Monday - Saturday: 6:30am - 6pm
Sunday: 7:30am - 2pm

The business is run and managed by our client, with the help of 1 part time member of staff.

The business generates a turnover in the region of 434,000 as of 2014 accounts.
Gross profit 18%

Map & Street View

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