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WE ARE INFORMED the turnover is in excess of £5,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £1,600 p.w. Gross profit 20% approx. We are further advised that the sales year ending 31st October, 2006 showed £228,901 with a gross profit of £43,817
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£12,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
SINGLE FRONTED MEDIUM SIZED SALES SHOP with carpet tiled floor, suspended ceiling with fluorescent lighting. The equipment includes modern shelving, counter, electronic cash register, cigarette gantry (on loan), 4 greeting card display stands (3 with drawers under and 1 with gift wrapping paper section),centre display gondola, magazine display shelving, 1 upright double door drinks display fridge (owned) etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Kitchen
Staff
The business is at present operated by a lady vendor with the assistance of 1 part time staff. 6 morning newsrounds. 3 evening newsrounds. Delivery charge 60p/£1.80 p.w.
The accommodation in the form of a SELF CONTAINED FLAT over comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Outside
Garden (needs attention)
Tenure
We understand the premises are held on a secure renewable lease, the present lease having approximately 5 years unexpired at a rental of £12,000 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates: £2,420 p.a. + water rates
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
