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Reference : C7146

Situated in a parade, excellent trading position, BERKSHIRE (Please register to make appointments and view addresses)

WE ARE INFORMED the turnover in respect of the Newsgents averages £6,500 p.w. W.N.B. £700/£800 p.w. Gross profit 25% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £30 p.w. We are further advised that the turnover in respect of the Baguette Bar is in the region of £1,200 p.w. and in respect of the Internet Café approx. £250/£275 p.w.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

DOUBLE FRONTED SALES SHOP approx. 800 sq. ft. sales area with laminated strip floor, fluorescent lighting. The equipment includes counter, electronic cash register, modern shelving, 2 open cool display fridges (on loan from Coca Cola).

Internet Café Section with 6 computers

Baguette Section with coffee machine, grill, microwave oven

Kitchen with electric oven, 1 deep freeze, 1 fridge/freezer etc.

First Floor office. Staff cloakroom with w.c. and wash hand basin

The business is at present operated by a husband and wife team and no staff are employed. News deliveries undertaken to offices in the area. Delivery charge £12 per month.

Monday - Saturday inclusive - 8 a.m. - 5.30 p.m.
NO SUNDAY TRADING

We understand the premises are held on a secure renewable lease having approximately 17 years unexpired at a rental of £38,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.

It should be noted that a room is let on a lease and provides a rental income of £5,500 p.a. reducing the net rental payable to only £32,500 p.a. exclusive of rates.

Uniform Business Rates: £9,700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

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