Busy & Successful Derby Market Hall Newsagents For Sale

Business description

Asking Price Reduced !!! OIRO £30,000 + SAV
Sales Revenue £180,000 +

An extremely successful and very well positioned family run market newsagents offering a good range of traditional goods such as newspapers and magazines, greetings cards and gift bags, tobacco and stationery products, toys, jigsaws and model kits. Market News benefits from a loyal customer base offering a 'saves' service and also very good passing trade.

The units are secured each evening with a security curtain and the Market Hall is closed up by dedicated Market Hall cleaning and security staff.

Market News is included on the Cathedral Quarter website and in the Cathedral Quarter Tourist publication.

Property information

Property:

Leasehold

Lease terms:

A lease is granted from Derby City Council on a rolling basis with the rent and service charges being set on an annual basis currently £8,700.

Leasehold rent:

£8,700 per annum

Location:

Market news is situated in the centre aisle of the Market Hall in Derby City Centre Cathedral Quarter. It has the benefit of a good mix of neighbouring businesses and a rapidly developing area of hotels and residences including the River Lights Development, the new bus station and the Westfield Shopping Centre.

Premises details:

A self-contained market stall with the retail area equivalent to three units. Use of the waste disposal, loading bay and toilets is included in the lease.

Other information

Support & training:

The vendors will co-operate fully with any handover required by the purchaser to include visits/ registration at the wholesalers and dealing with the news wholesale deliveries to the stall. The vendors will be on hand as they have another unit in the Market Hall and so are selling Market News with confidence that it is a sound and profitable business. The accounts will be available to genuine interested parties after viewing.

Reasons for selling:

The vendors have taken on another business in the Market Hall and would like to concentrate their efforts on expanding their gift shop.

Trading hours:

Monday to Saturday 7:30am until 5pm. Closed on Sundays and Bank Holidays.

Website:

www.derbycathedralquarter.co.uk/index.asp