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WE ARE INFORMED the turnover averages £5,250 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800 p.w. Gross profit 22% approx. The business is also an agent for Payzone and we understand this provides a commission of approx. £80 p.w. In addition there is a cash machine which we understand provides a commission of approx. £50 per month.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£9,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SINGLE FRONTED SALES SHOP approx. 400 sq. ft. sales area plus rear area approx. 250 sq. ft. (In our opinion could be incorporated into the sales shop).
Stockroom with shelving
The shop has a vinyl floor, counter. The equipment includes counter, electronic cash register, 1 greeting card display stand, ice cream deep freeze (owned), 2 upright double door drinks display fridges (1 owned and 1 on loan), 2 upright single door drinks display fridges (owned), open dairy display unit etc.
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present mainly staff operated. Staff employed 3 part time. It will be appreciated upon inspection that with an active husband and wife team the wage bill could be reduced. 2 newsboys. Delivery charge £1 p.w.
We understand the premises are held on a new 20 years Council lease at a rental of only £3,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
