Buy a Newsagents with Post Office
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Reference : C6559

Situated in a parade, busy road, densely populated residential area, WEST MIDLANDS (Please register to make appointments and view addresses)

WE ARE INFORMED the average weekly turnover for the 43 week period ending September, 2007 showed £7,000 inclusive of VAT. (plus national lottery sales and Etop Up sales). Included in the turnover we understand the average retail newsbill inclusive of delivery charges showed £1,089 p.w. Post Office salary in the region of £54,000 p.a.approx. We are further advised that the breakdown of sales year ending November, 2006, inclusive of VAT, showed as follows:

Cigarettes & Tobacco £166,680
News & Counter News £55,631
Books £810
Standard Confectionery £38,608
Ice Cream £1,911
Minerals £26,464
Crisps & Snacks £6,920
Stationery £3,870
Toys £4,479
Cards £8,832
Groceries £30,579
Sundries £15,355
Recorded Music £5
Delivery charges £1
Sandwiches £990
Lottery £209,240
Etop Up £44,045
TOTAL SALES £614,421
Gross profit (before shrinkage) £63,526 plus Post Office Remuneration £54,574 providing a total gross profit of £118,100

We are further advised that the breakdown of sales for the 43 week period up to September, 2007 are as follows:

Cigarettes & Tobacco £137,017
News & Counter News £46,865
Books £242
Standard Confectionery £33,408
Ice Cream £1,486
Minerals £23,586
Crisps & Snacks £6,220
Stationery £3,074
Toys £2,320
Cards £6,838
Groceries £27,540
Sundries £10,987
Sandwiches £1,452
Lottery £177,566
Etop Up £39,760
TOTAL SALES £518,360
Gross Profit (before shrinkage) £55,687 plus Post Office Remuneration of £42,920 providing a total gross profit for the 43 week period of £98,607

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Outstanding opportunity to acquire a spacious Newsagents with Sub Post which is owned by a Company and this concern is offered for sale as it has now become surplus to their requirements.

Attractive and spacious Sales Shop approx. 1,650 sq. ft. sales area, fully equipped for the trade. Please note the EPOS scanning system and computer is not included in the sale.

The business is at present operated under management. Staff employed in respect of the retail shop 1- supervisor plus 3 shop assistants and in respect of the post office 1 counter manager plus 1 full time and 2 part time staff.

Monday - Saturday inclusive - 7 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 1.30 p.m.

Included in the lease are 2 SELF CONTAINED FLATS which could obviously be used for private occupation, or indeed have the potential for sub-letting on a shorthold tenancy if desired.

Flat 1 comprises:
2 Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Flat 2 comprises:
1 Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

We understand the entire premises are held on a secure renewable lease, the present lease expiring on the 10th September, 2013 at a current rental of £22,000 p.a. exclusive of rates, with rent reviews every 5 years.

Uniform Business Rates: £4,536 p.a. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS NEWSAGENTS COMBINED WITH SUB POST OFFICE IN THIS DENSELY POPULATED RESIDENTIAL AREA.

IN OUR OPINION THE BUSINESS HAS TREMENDOUS POTENTIAL FOR FURTHER INCREASE UNDER PERSONAL SUPERVISION AND INDEED WITH THE INTRODUCTION OF CONVENIENCE GROCERIES.

RECOMMENDED FOR EARLY INSPECTION

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