Counter Newsagent and Convenience Store in Worcestershire For Sale

Shopping centre locality, prominent trading position, residential, office and commercial area, Worcestershire.

Turnover £ 7,000
Price £89,500

Features

Counter Newsgents / Convenience Store

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,350 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lighting, sales counter, 3 x cash register, cigarette gantry, modern adjustable shelving, card display stands, 2 x Coca-Cola fridge, CCTV system (12 cameras, 1 monitor), alarm.

Stock room / Office in the region of 50 ft²

First floor PREMISES in the region of 320 ft² with lift for transporting stock

Additional Office and Stock room .

Staff room.

Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 22% approx. Wholesale newsbill £700 p.w.

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

NATIONAL LOTTERY £250 per week approx.
PAY POINT £25 per week approx.

Staff

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

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 4pm
SATURDAY 8am - 4pm

Outside

Parking space for 1 car.

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 December 2021 with reviews every 5 years (next review 2026) at a current rent of £11,500 p.a. + VAT In addition we understand there is a Service charge of £8,750 p.a. approx. + VAT

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION (£30,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote