IMPRESSIVE & SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,600 sq. ft. sales area with carpet tiled floor, fluorescent lighting, modern adjustable shelving, large magazine display section, glass fronted counter, 2 tills, EPOS scanning system with back-up computer, 6 greeting card display stands with drawers, 2 revolving card display stands (on loan), centre display gondolas, cigarette gantry (on loan), 2 ice cream deep freezes, 1 upright double door drinks display fridge etc.
Rear stockroom/kitchen area
Stairs to first floor landing area with fridge
2 Storerooms
2 Staf cloakrooms each with w.c. and wash hand basin
To the rear of the shop is a storeshed used for the marking up of newspapers.
Turnover
WE ARE INFORMED the turnover averages £12,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and with the introduction of additional lines including convenience groceries. Wholesale newsbill £2,500 p.w. Gross profit 19.8% shown on audited accounts. We are further advised that the sales year ending 30th September, 2007 showed £471,977 with a gross profit of £113,432.
Staff
The business is at present operated by the vendor with the assistance of 1 full time staff plus 2 part time staff on Saturday. In addition, 2 persons are employed for the marking up of newspapers. 14 newsrounds. Delivery charge £1.75 p.w.
Opening
Hours
Monday - Saturday inclusive - 8 a.m. - 5.30 p.m.
NO SUNDAY TRADING (however, obviously Sunday newspapers are delivered)
In our opinion the business would benefit from additional opening hours, including earlier opening each morning.
Outside
Service road at rear
Tenure
We understand the premises are held on a secure renewable lease for a period of 15 years from September, 2003 at a current rental of £40,000 p.a. exclusive of rates up to September, 2008, with rent review at that time and thereafter every 5 years. In addition, we understand there is a service charge currently in the region of £3,500 p.a.
Uniform Business Rates: £16,000 p.a. approx. (currently under appeal) + water rates (metered)
THIS WELL ESTABLISHED NEWS, CONFECTIONERY, TOBBACO BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
