Outstanding opportunity to acquire an old established Newsagents which has been in the same hands for the past 21 years and is now solely offered for sale due to the vendors retirement.
DOUBLE FRONTED SALES SHOP approx. 500 sq. ft. with lino floor, fluorescent lighting. The equipment includes counter, magazine display shelving, modern adjustable shelving, cigarette gantry (on loan), centre display gondola, open cool display unit, upright sliding double door drinks display fridge, ice cream deep freeze, 3 greeting card display stands (2 with drawers under whilst the other has gift wrapping paper section) etc.
Rear stockroom
Staff w.c.
Turnover
WE ARE INFORMED the turnover averages £8,000/£8,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,400 p.w. Gross profit 20% approx. In addition, the business is agents for bus passes and we understand this provides a commission of approx. £200 p.w.
Staff
The business is at present operated by the vendor with the assistance of 1 part time staff plus 3 part time juniors on Saturday & Sunday. 5 morning newsrounds. Delivery charge £1.20/£1.50 p.w.
The spacious accommodation, which does require some redecoration, comprises:
First Floor
Lounge Lounge
Kitchen
Second Floor
3 Bedrooms (1 double, 2 singles)
Bathroom with bath, w.c. and wash hand basin
Outside
Garden at rear
Tenure
Uniform Business Rates: £1,710 p.a. approx. + water rates
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 21 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
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £625,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
