FinanceYou can borrow
£ 206,500 (freehold)
to purchase this business subject to status, with a house or additional
security you maybe able to borrow the full amount.
Old Established News, Confectionery, Tobacco, Greeting Cards, Ices, Soft Drinks with National Lottery for Sale
Terraced property, sought after locality, GLOUCESTERSHIRE
Features
The business has been in the same hands for the past 13 years and is solely offered for sale due to the vendor's retirement.
Outstanding opportunity to acquire an old established Newagents in this sought after Cotswolds locality. In our opinion the business offers tremendous potential for further increase in the right hands.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP approx. 350 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes 4 greeting card display stands with drawers, 1 upright single door drinks display fridge, ice cream deep freeze (owned), electric cash register, cigarette gantry (on loan), shelving etc.
Office 102 sq. ft.
Store area with single drainer approx. 42 sq ft.
Stairs to large cellar 201 sq. ft.
Brickbuilt building with staff w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,300 p.w. Gross profit 22.6%. In addition the business is agents for the sale of online national lottery tickets and scratchcards and we understand this provides a commission of approx. £80 p.w. We are further advised that the trading and profit and loss accounts for year ending 30th June, 2009 showed sales of £242,019 (including lottery commission of £4,342) and with a gross profit of £55,206.
Staff
The business is at present operated by a lady vendor with the assistance of her partner plus 2 part time ladies and 1 Saturday girl. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. 14 newsrounds. Delivery charge £1/£1.50 p.w.
Opening Hours
Monday - Saturday inclusive 5 a.m. - 6 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of online national lottery tickets.
NO SUNDAY TRADING
It will be appreciated upon inspection that there is potential for Sunday opening, if desired.
Accommodation
The attractive living accommodation, fully CARPETED and FULL GAS FIRED CENTRAL HEATING comprises:
First Floor
Large Lounge 17ft 5 x 15ft
Kitchen 11ft 2 x 8ft 7
Fully tiled Bathroom with bath, w.c. and wash hand basin plus walk-in airing cupboard
Second Floor
3 Bedrooms (2 doubles, (1) 13ft 2 x 9ft 6 overlooking garden (2) 11ft x 10ft. 1 single 11ft x 7ft 5f
Outside
Attractive secluded garden with lawn, flower borders, shrubs
Tenure
Uniform Business Rates: £700 p.a. approx.
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 13 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTING in the region of £295,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing
Please call 020 8763 1777 for an appointment to view
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