Well-Established Retail Kiosk in Scunthorpe Bus Station, High Footfall, Up for Sale
Scunthorpe, Lincolnshire
- Status
FOR SALE
- Date Submitted:
16/10/23
- Advert ID
601188
- Leasehold: £22,999 (Stock at valuation)
- Rent: £3,300
- Turnover: £110,000 (£2,115 Per week)
- Net Profit: On request
Key Features
- Small Business
- Prime Location
- Town Centre location
- Established Business
- Offers Invited
- Accounts Available
- Attractive Business
Business Details
Retail Kiosk for Sale in Scunthorpe Bus Station
Retail Kiosk for Sale within Scunthorpe Bus Station
Current owner reluctantly seeks a quick sale due to family and other business commitments.
Well established (approx. 40 years) retail kiosk in a prime location within Scunthorpe Bus Station in the town centre of Scunthorpe.
This small and attractive business venture is located in an area with high foot-traffic, making it a ripe opportunity for a keen, entrepreneurial and enthusiastic owner.
The kiosk currently sells newspapers, magazines, cigarettes, disposable vapes, National Lottery, scratchcards, confectionary/crisps as well as hot and cold drinks.
There is considerable scope to grow the business with the introduction of services such as parcel drop offs, PayPoint services and expanding existing products as well as increasing the trading hours.
There is also the possibility of introducing hot food (subject to consent from the landlord) which would no doubt prove valuable with high profit margins. The current owner simply does not have the time to grow the business.
There is a nearby School and library which any new owner could capitalise on with products catered for such customers.
This is an ideal business for an individual owner looking for a steady and stress-free income.
Turnover
The current turnover of the business is an impressive £110,000 of which approx. £25,000 is generated from National Lottery and scratchcard sales.
The leasehold price is currently set at £22,999 (plus stock at valuation) and is open to negotiations and offers.
Full accounts and trading history will be made available to seriously interested parties after they have viewed the business.
Features
High footfall area
High profit margins
Very low overheads
Large potential to grow sales
Favourable trading hours
Lease Terms
Rent - £3,300 per annum
Business Rates – NIL
New lease will be granted (Landlord is Local Council)
Trading hours-
Mon-Sat- 9am to 4pm
Sunday- Closed
Legal Costs
Each party to be responsible for their own legal costs in connection with the sale.
Landlords Legal fees are the buyer’s responsibility.
Map
What's Nearby
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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