Situated in a parade of 3 shops, residential area, TYNE & WEAR
Turnover £ 7,000
Freehold Counter News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence
DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, counter, electric cash register, shelving, glass topped chest deep freeze, 1 double door glass fronted display fridge (on loan from Coca Cola), 3 single door glass fronted display fridges (owned).
WE ARE INFORMED the turnover averages £7,000 p.w. Wholesale newsbill £200 p.w.
The business is at present operated by a husband and wife team and no staff are employed.
The accommodation situated on the first floor, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted units
Yard at rear with parking space for 1 car
Uniform Business Rates: Nil payable due to full relief
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION (£15,000 approx. can be reduced).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Subject to status, you can borrow up to
£ 122,500 (freehold)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote