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Reference C9234

Counter Newsagent in Gravesend For Sale

Register to see map and to make an appointment Situated in a parade of shops, residential area KENT GRAVESEND

Turnover 4,500
Price 35,000

Features

Counter News, Confectionery, Tobacco, Convenience Groceries

SINGLE FRONTED SALES SHOP approximately 500 sq. ft. sale area. We understand refurbished approximately 5 years ago. Tiled floor, counter, electronic cash register with scanning, 1-3.5m Arneg open cool display unit, 2 upright glass fronted display deep freezers, modern shelving, greeting card display section etc.

Stockroom with storage deep freezer & fridge
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 4,000/4,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 20%. Wholesale newsbill 350/400 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approxiately 150 p.w. ATM machine proving a further commission of 120/180 per month. We are advised the premises presently is subject to a covenant restricting the sale of alcohol, however, the vendor feels the Landlord would be prepared to change the lease to allow the premises to sell beers, wines and spirits subject to Local Authority consent.

Staff

The business is at present staff operated. 1 full time & 1 part time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 7 p.m.
Sunday opening - 8 a.m. - 6 p.m.

Tenure

We understand the premises are held on a secure renewable Council lease, the present lease expiring in 2024 at a rental of only 3,200 p.a. exclusive of rates, fixed for the remainder of the term.

Uniform Business Rates: Nil payable at present after small business relief

OFFERED FOR SALE DUE TO OTHER BUSINESS INTERESTS

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 35,000 plus STOCK AT VALUATION (15,000/18,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 17,500 (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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