Newsagent plus Off Licence in Surrey For Sale

Situated in a parade, main road trading position, SURREY.

Turnover £ 4,500
Price £55,000

Features

Newsagents, off Licence and Convenience Store

6 DAYS OPENING

Large lay-by nearby providing ample Customer's car parking.

DOUBLE FRONTED PREMISES in the region of 450 ft² WITH ELECTRIC SHUTTERS plus CANOPY, tiled floor, suspended ceiling with LED lights, sales counter, cigarette gantry, EPOS till, modern adjustable shelving, open cool display unit (4 metres), open cool display unit (1.75 metres), walls Ice Cream Freezer, Coffee Machine, CCTV system (2 cameras).

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 22% approx.. Wholesale newsbill £650 p.w.

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

NATIONAL LOTTERY £150 per week approx.
PAY ZONE £21 per week approx.

Staff

The business is at present operated by the Husband & Wife team plus son part time 1 news rounds (40 houses), delivery charge £5 p.w.

Trading Hours

6 Day week (8am - 11pm Licence)
MONDAY - SATURDAY 8am - 8.30pm
SUNDAY for paper rounds only

Accommodation

THE SELF CONTAINED ACCOMMODATION with Electric Heaters, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,850 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Small garden & Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £13,200 p.a. (As will be appreciated with the rental income currently of £22,200 p.a. in respect of the self contained accommodation, there is in fact at the present time a profit rental of £9,000 p.a).

Business Rates from April 2024 £850 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£8,500 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote