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Newsagents, Lincolnshire

£74,950

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
SIZE

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SECTOR

Convenience store for sale

Key features

  • Superb trading position within the heart of Louth Town Centre
  • Scope to convert to a full convenience store
  • Showing net profits in excess of £55,000 per annum
  • Lotto commission of £12,000 per annum

Description

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 £597,732 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.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson.

Notes

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Disclaimer - Property reference 590797. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ernest Wilson & Co Limited, EW Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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