Profitable NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, ON LINE NATIONAL LOTTERY
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WE ARE INFORMED the turnover averages £7,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,600 p.w. Gross profit 20% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £200 p.w. There is also a Paypoint and we understand this provides a further commission of approx. £30 p.w.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 or near offer plus STOCK AT VALUATION (£20,000 approx. plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with non-slip floor, suspended ceiling. Air Conditioning. Well equipped including counter, 2 electronic cash registers, modern adjustable shelving, 6 greeting card display stands, computer for news accounts, 1 open cool display unit (used for milk), 2 upright double door drinks display fridges (1 on loan from Lucozade whilst the other is on loan from Coca Cola). CCTV system with 2 cameras, monitor plus recording.
Rear office
Stockroom plus additional room
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present operated by the vendor's wife with the assistance of the vendor on Sundays plus 1 full time and 1 part time staff and the vendor's son on a Saturday. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. 12 morning newsrounds. Delivery charge £1.80 p.w. up to a maxium of £4.20 p.w.
The SELF CONTAINED accommodation in the form of a MAISONETTE over, all newly carpeted and with NIGHT STORAGE HEATING is at present let on a shorthold tenancy and provides a rental income of £700 per month, however, we understand vacant possesion can be given on completion. The accommodation comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Outside
Small yard at rear
Tenure
We understand the premises are held on a secure renewable lease from a private landlord having approximately 4 years unexpired at a rental of £16,600 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates: £3,400 p.a. approx. + water rates
