SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,200 sq. ft. sales area. Air conditioning/heating unit. Well equipped including counter, EPOS scanning system with 3 tills and back-up computer, modern shelving, magazine display shelving, 2 upright single door drinks display fridges (on loan), photo developing lab etc.
3 stockrooms plus marking up area
Staff cloakroom with w.c. and wash hand basin
Turnover
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,500 p.w. Gross profit 23% 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. £250 p.w.
Staff
The business is at present operated by the vendor with the assistance of 6 part time staff. 13 morning newsrounds. 2 evening newsrounds. 10 Sunday newsrounds. Delivery charge 8p per day.
The spacious living accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £370 per month. However, we understand that vacant possession can be given on completion, if desired. The accommodation comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Tenure
The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £2,600 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTION
Price
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
