Outstanding opportunity to acquire a quality Newsagents which has been in the same family since 1931 and in fact operated by the present owner since 1966, now offered for sale solely due to retirement.
IMPRESSIVE & SPACIOUS SALES SHOP approx. 800 ft. sales area, 2 display windows, double door, carpet tiled floor. Well equipped including 4 greeting card display stands with drawers, counter, 2 electronic cash registers, 1 upright single door drinks display fridge (owned), ice cream deep freeze, magazine display shelving etc.
Stockroom at rear
Office
Kitchen
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,300/£2,400 p.w. Gross profit 30% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approximately £200 p.w. We are further advised that the sales year ending 31st December, 2007 showed £402,995 net of VAT with a gross profit of £132,641 plus lottery commission of £10,492 providing a total gross profit of £143,133. We are further advised that the sales year ending December, 2008 showed in the region of £430,000 net of VAT.
Staff
The business is at present operated by a husband and wife team with the assistance of 1 full time and 2 part time staff. 14 morning newsrounds. Delivery charge £1.80 p.w.
Opening
Hours
Monday & Tuesday - 6 a.m. - 6 p.m.
Wednesday - 6 a.m. - 7 p.m.
Thursday & Friday - 6 a.m. - 6 p.m.
Saturday - 6 a.m. - 7 p.m.
Sunday - 6 a.m. - 2 p.m.
It will be appreciated upon inspection that there is potential for additional opening hours, especially during the summer months.
Accommodation
The ATTRACTIVE living accommodation in the form of a SELF CONTAINED FLAT over, FULLY DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted Kitchen
Tenure
Uniform Business Rates: £7,275 p.a. approx. + water rates
AS STATED THIS QUALITY NEWSAGENTS HAS BEEN IN THE SAME FAMILY SINCE 1931 AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY TO INCLUDE THE SELF CONTAINED FLAT OVER, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Alternatively the vendor is prepared to sell the FREEHOLD SHOP WITH THE BUSINESS (excluding the Flat over). PRICE REQUIRE FOR THE FREEHOLD SHOP PREMISES, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Reference
C7314
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