Business for Sale in Scunthorpe, England Popular Newsagents based in North Lincolnshire.

Key Information

Reference

T35241G

Tenure

Freehold

Status

For Sale

Region

England

Sector

Newsagents

Rent Payable

N/A

Business Rates

Nil (SBRR)

Accommodation

3 Bedroom duplex flat

Business Information

Welcome to the opportunity to own this thriving newsagent in the bustling industrial town of Scunthorpe, brought to you by EMF. The business is well positioned and situated opposite a prevalent shopping centre. This well-established business offers a wide range of products and services, including an Off Licence, National Lottery, Newsround, scratch cards, stationery, postage stamps, greeting cards, gifts, and household goods.

The freehold sale includes a spacious 3-bedroom duplex flat with a separate entrance and a gated yard that can accommodate two cars. This unique opportunity is only available as the current owners are looking to retire.

The business generated a noteworthy £354,820 in NET sales in 2023, with a GROSS margin of 23%. However, there is still scope for potential growth by introducing additional convenience lines to increase profitability. As an owner-operator, you can expect to earn an excess of £65,000 per annum.

This business also boasts a prominent position with an alcohol license, providing the new owner with endless possibilities for expansion. Don't miss out on this exceptional investment opportunity, and make an offer today. Contact us for more information and quote reference number T35241G.

• Freehold
• Accommodation included
• Prominent Position
• Alcohol licence
• Well-established business

Offers around £275,000 | Ref: T35241G

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