 | Very Profitable 24 Hour Licensed Newsagents For Sale aberdeen, Grampians, United Kingdom Advert ref: A210 FINANCIAL DETAILS | Asking price: £295,000 Sales revenue: £1,044,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership in Scotland is delighted to offer for sale the following business.
The business is very well established and profitable being owned by the present owners for the last 9 years.
The shop benefits from a high footfall both day and night. It is beside a busy taxi rank and get custom from both drivers and passengers alike.
The business operates a dual pricing scheme with significantly higher prices being applied between 10am and 6am. This results in high overall margins. Approximately 40% of sales arise during the night time shift.
In addition to shop sales of over £1m the business also derives significant income and profits from the 13 gaming machines located to the rear of the premises.
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GENERAL INFORMATION | Years established: 9 years
Employees: The business is run fully staffed with 14 part-time employees. The owners only spend a couple of hours per day in the business.
Trading hours: 24 hours a day 7 days a week.
Property: Leasehold
Lease terms
Rent £18,500. Lease expires 2019 with 5 yearly rent reviews, the next in 2009.
Rateable value £17,000
Location
The business is located in Chapel Street close to its junction with Union Street in the centre of Aberdeen. There is a busy taxi rank right outside the shop which provides 24 hour custom from both drivers and customers alike.
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The Business Partnership - Scotland - Central & West | | | |
