« Search more Newsagents for sale in Surrey
Reference C9343

Highly Lucrative Newsagent in Surrey For Sale

Highly Lucrative Newsagent in Surrey For Sale
Highly Lucrative Newsagent in Surrey For Sale Buy a Highly Lucrative Newsagent in Surrey For Sale

Register to see map and to make an appointment Situated in a parade, excellent High Street trading position, residential, office and commercial area, close to station, adjacent to shopping centre, SURREY

Turnover £ 15,000
Price £299,950

Features

Highly Lucrative Newsagents Plus off Licence

NFRN Award wining Shop

DOUBLE FRONTED PREMISES in the region of 450 ft² with ELECTRIC SHUTTERS. Wood strip floor, suspended ceiling with concealed lighting. Air conditioning with hot air. Sales counter, EPOS till (new 2022), open cool display unit, Redbull drinks display fridge, glass fronted ice cream freezer, modern adjustable shelving, glass fronted upright double door drinks display fridge. CCTV system (8 cameras, 1 monitor).

Office / Stock room with 2 fridges.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a gross profit of 25% approx.. Lucrative Wholesale newsbill £7,000 p.w. We are advised the newsrounds yield £89,000 p.a. In addition the business has on line national lottery & we understand this provides a commission of approximately £160 p.w.

Staff

The business is at present operated by a husband & wife team plus family support with the assistance of 1 part time staff. 25 newsrounds (500 papers) to 429 houses. Delivery charge £4 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 5am - 6pm
SUNDAY 5am - 2pm

Outside

Rear yard with 2 storage rooms plus parking space for 3 cars.

Outside Toilet (not used)

Metal Paper delivery shed

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £15,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £299,950 plus STOCK AT VALUATION (£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 149,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

« Search more Newsagents for sale in Surrey

Buy a Highly Lucrative Newsagent in Surrey For Sale on NationwideBusinesses.co.uk