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Reference C8978

Newsagent and Off Licence in Kent For Sale

Newsagent and Off Licence in Kent For Sale
Newsagent and Off Licence in Kent For Sale Buy a Newsagent and Off Licence in Kent For Sale Sell a Newsagent and Off Licence in Kent For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, KENT

Turnover 7,000
Price 70,000

Features

Well Established News, Confectionery, Tobacco, Soft Drinks, Greeting Cards Slight Convenience Groceries, Full Free off Licence

Electric shutters to DOUBLE FRONTED SALES SHOP in the region of 450 sq. ft. sales area, non-slip floor, suspended ceiling with conealed LED lighting. Well equipped including counter, modern adjustable shelving, upright single door glass fronted drinks display fridge (used for wines & beers), 1-3.75m open cool display united (used for soft drinks etc), magazine display shelving, ice cream deep freezer etc.

3 Stockrooms
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 7,000 p.w. in our opinion offering further potential to increase in the right hands & indeed with additional opening hours. Wholesale newsbill 750 p.w. We are further advised that the gross profit is in the region of 25%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w. The business also has Paypoint which includes Collect Plus which we understand provides a further commission of approximately 60 p.w. In addition the business is agents for UPS parcels & we understand this provides a further revenue of approximately 265 per month. We are further advised that the sales year ending 12th February, 2017 showed 251,577 with a gross profit of 53,117 plus lottery, Paypoint & UPS commission.

Staff

The business is at present operated by a husband & wife team & no staff are employed. 3 newsrounds. Delivery charge 4 p.w.

Trading Hours

Monday - Friday inclusive 5.30 a.m. - 5.30 p.m.
Saturday opening - 6 a.m. - 5.30 p.m.
Sunday opening - 6 a.m. - 12 noon

Accommodation

The accommodation, all recently modernised DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING. We understand can be sub-let on a shorthold tenancy, if not required for private use. We understand that the approximate rental should be in the region of 800 per month. The accommodation comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Fitted Kitchen

Outside

Rear Garden (not used)

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of 11,200 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70.000 plus STOCK AT VALUATION (15,000/20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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