Old established Lock-up COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, slight CONVENIENCE GROCERIES
No direct contact is to be made on the vendors instructions,
viewing is only via appointment only - Please register
for free to see full location details
WE ARE INFORMED the turnover averages £5,100 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and indeed with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £1,000 p.w. Gross profit 20% approx. In addition, the business is agents for the sale of bus passes and we understand this provides a commission of approx. £28 p.w.
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£10,000/£12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
This old established newsagents has been in the same hands for the past 26 years and there are genuine reasons for sale.
ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with tiled floor, fluorescent lighting and well equipped including glass fronted display counter, electronic cash register, 3 greeting card display stands with drawers, Walls' ice cream deep freeze, 3 upright single door drinks display fridges, shelving etc.
Office/Stockroom
Kitchen area with sink
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by a husband and wife team and no staff are employed.
The vendor owns the freehold and is prepared to grant, subject to satisfactory references in respect of the shop premises, a new 16 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £5,400 p.a. approx. + water rates
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
