Property photos
Business
Leasehold
£79,950
Retail premises for sale
Newsagents LN11, LincolnshireLocal area information
Property location
Nearby amenities
- Louth Kidgate Primary Academy 0.2 miles
- King Edward VI Grammar School 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Louth to find out more about the local area.
Features and description
- Leasehold
- 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 £597,000 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 £597,000 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.
More information
Listed by
Ernest Wilson
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Property descriptions and related information displayed on this page are marketing materials provided by - Ernest Wilson. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Ernest Wilson for full details and further information.