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WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering further tremendous potential for further increase, especially with newspaper deliveries, if desired. Wholesale newsbill £1,800 p.w. Gross profit 25% approx. In addition, the business is agents for the sale of bus passes and travel cards providing an additional turnover of in the region of £6,500 p.w. representing a commission of approx. £200 p.w. The business is also agents for the sale of phone cards and top-ups with a turnover of approx. £800 p.w. providing a further commission of approx. £50 p.w.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,990 plus STOCK AT VALUATION (£16,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SINGLE FRONTED SALES SHOP approx. 500 sq. ft. sales area with woodstrip floor. We understand the shop was refurbished approx. 2 years ago. Fluorescent lighting, air conditioning unit, modern adjustable shelving, 3 greeting card display stands with drawers, electronic cash register, counter, 2 upright glass fronted drinks display fridges (including 1 on loan from Coca Cola), Walls' ice cream deep freeze (on loan) etc.
Stockroom
Staff cloakroom
Staff
The business is at present operated by the vendor's wife with the assistance of the vendor on a part time basis plus 1 part time staff.
We understand the premises are held on a secure renewable lease having approximately 19½ years unexpired at a rental of £11,000 p.a. exclusive of rates for the next 4½ years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £3,000 p.a. approx. + water rates
