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Reference C8910

Newsagent & Off Licence in Essex for sale

Newsagent & Off Licence in Essex for sale

Location
Situated in a parade, main road trading position, residential area, ESSEX.

Features
Mainly Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

This well established Newsagents has been in the same hands for the past 29 years & there are genuine reasons for sale.

Electric shutters plus new shop front to ATTRACTIVE SALES SHOP in the region of 500 sq. ft. sales area. Tiled floor, suspended ceiling with concealed lighting. We understand the shop was refitted in October, 2015. Counter touch screen with EPOS scanning system, cigarette gantry (on loan) 3.75m open cool display unit (used for soft drinks, milk & butter), 1-2.5m open cool display unit (used for beers), greeting card display section, photocopier (on loan). CCTV system with 8 cameras, monitor plus recording.

Stockroom
Cloakroom with w.c. & wash hand basin

Turnover
WE ARE INFORMED the turnover currently averages 7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 750 p.w. We are further advised that the gross profit is in the region of 21%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Paypoint which we understand provides a further revenue of approximately 70 p.w. In addition there is an ATM machine providing approximately 30 per month. Also in addition there is a UPS Parcel Service which we understand provides a further revenue of approximately 200 per month. We are further advised that the sales year ending 31st May, 2017 showed 313,657 with a gross profit of 86,222.

Accommodation
The SPACIOUS living accommodation FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 double bedrooms
Bathroom with bath, wash hand basin
Separate w.c.
Large lounge
Separate dining room
Kitchenette

Price
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 95,000 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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