Newsagent plus Off Licence in Essex For Sale

Situated in a Parade, excellent trading position, close to the station, residential and commercial area, ESSEX

Turnover £ 7,500
Price £165,000

Features

Newsagents with Convenience Groceries, off Licence, Paypoint & Lottery

DOUBLE FRONTED PREMISES, in the region of 625 ft², WITH ELECTRIC SHUTTERS And AWNING - CCTV (12 cameras), Non slip lino flooring, suspended ceiling with LED lighting.

Sales counter - EPOS cash register, 2 large chillers, 2 glass topped chest freezers, adjustable shelving.

Store room.

Staff cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. Wholesale newsbill £1,200 p.w. with a Gross profit of 20% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £60 per week approx..

Staff

The business is at present operated by the vendor with 1 full time staff employed. with the assistance of 2 part time staff.

We are informed the wage bill averages £1,000 p.w. approx.

3 news rounds, delivery charge £2.50 - £3 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 5.30 am - 8 pm
SUNDAY 5.30 am - 3pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to Flat above comprising;

First floor Living room.
Dining room.
Fitted kitchen.
Shower room with showrer, wash hand basin and toilet.

Second floor 3 bedrooms (2 doubles and 1 single)
Bathroom with bath toilet and wash hand basin.

Outside

Yard to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 4 years (next review 2029) at a current rent of £22,000 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014

Business Rates from April 2023 £1,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £165,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote