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WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £350 p.w. (We understand the sale of newspapers has only recently been introduced). Gross profit 22% approx. In addition, we are advised that there is the sale of top-up cards of approx. £1,000 p.w. providing a commission of approx. £40 p.w.
Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a well equipped Counter Newagents which in our opinion has tremendous potential for further development in the right hands.
As stated the business is situated in a parade, other shops include Nando's, Subway, Pizza Hut, Frankie & Benny's.
SINGLE FRONTED SALES SHOP approx. 430 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, till with scanning system, 1 upright double door drinks display fridge (on loan from Coca Cola), ice cream deep freeze etc.
Stockroom with racking
Staff cloakroom with w.c. and wash hand basin
Staff
The business is at present staff operated. 2 full time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.
We understand the premises are held on a secure renewable lease for a period of 25 years from October, 2006 at a rental of £15,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. In addition, we understand there is a service charge currently of approx. £1,000 p.a.
