£74,950
Retail premises for saleNewsagents LN11, Lincolnshire
Business
Leasehold
About this property
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
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.
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.
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