Ref 6136 – Leasehold Counter Newsagents Blacks Brokers are proud to bring to the market this leasehold newsagents located in a busy and much sought-after area of Mansfield, Nottinghamshire. Introduction
Areeb News has been trading on Walkden Street as part of the Rosemary Centre since 2006 with our client in ownership since 2017. During that time, it has firmly established itself within the local community and within this business sector, gaining a good base of local customers in addition to plenty of passing trade. Location
Situated within the town centre, this business is well positioned close to many other local businesses and shops. The area is popular with shoppers, other local workers and residents. Parking is available in the immediate area and public transport links are good. Reason for sale
The business is only being offered for sale due to our client’s other business interests. Lease
The current lease is 7 years and began in 2015 at a cost of £106 per week. Building layout and design
Areeb News is housed within a small, open fronted kiosk unit within a purpose-built shopping area. Signage is displayed to the front of the unit (this shows as “Slacks News”) and there is a retail area filled with magazines and newspapers to the front of the kiosk. Each area is finished to a high standard with good quality fixtures and fittings in place. A full inventory is available on request. Staff
The business is currently operating with only our client in employment and no additional members of staff. Financial details
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £160,000 with gross profits of £32,000 and net profits of £22,000. Summary
This leasehold proposition offers a new owner a good opportunity to acquire this busy shop with scope for expansion into other goods sales. The unit is well-positioned within a well-known shopping area. Early viewings are very strongly advised. Business: £12,995.
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