Profitable old established NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, FULL FREE OFF LICENCE, NATIONAL LOTTERY
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WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,800 p.w. Gross profit 28% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand that this provides a commission of approx. £100 p.w. The business is also agents for bus passes and we understand that this provides a further commission of approx. £120 p.w. We are further advised that the sales year ending 30th November, 2006 showed £346,324 with a gross profit of £100,034 plus commission received of £11,251 providing a total gross profit of £111,285.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire an old established Newsagents combined with Full Free Off Licence. The business has been in the same hands for the past 20 years and in our opinion offers tremendous potential for further increase in the right hands.
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 700 sq. ft. sales area with carpet tiled floor, fluorescent lighting. Magazine Kleerex display shelving, open cool display unit, 2 upright double door drinks display fridges (1 on loan from Lucozade whilst the other is on loan from Coca Cola), upright single door drinks display fridge (owned), 2 greeting card display stands, counter, electronic cash register. CCTV system with 5 cameras, 2 monitors etc.
Stockroom at rear
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. 3 morning newsrounds. Delivery charge £1.50/£2 p.w.
We understand the premises are held on a secure renewable lease having approximately 3 years unexpired at a rental of only £16,000 p.a. exclusive of rates, fixed for the remainder of the term.
Uniform Business Rates: £7,000 p.a.
AS STATED THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
