Most Attractive Newsagent and Off Licence in Borehamwood For Sale

Main road trading position, sought after residential area, near BOREHAMWOOD HERTFORDSHIRE.

Turnover £ 5,250
Price £90,000 / £680,000

Features

Most Attractive Freehold Counter News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries and Off Licence

ATTRACTIVE DOUBLE FRONTED PREMISES, in the region of 300 sq ft, with suspended ceiling, concealed lighting & tiled floor. Sales counter, electronic cash register, cigarette gantry, modern adjustable shelving, 2 upright double door drinks display fridges, upright single door drinks display fridge, display gondola, ice cream deep freezer (owned), modern magazine display shelving, glass topped chest deep freezer, slush machine, coffee machine (on loan). CCTV system with 10 cameras, etc.

Stockroom at rear with tiled floor
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages £5,000 - £5,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £40 p.w. We are further advised that the gross profit is in the region of 25% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately £50 p.w.

Staff

The business is at present operated by a husband and wife team with family assistance as required.

Trading Hours

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

Accommodation

The SPACIOUS self contained accommodation, all in EXCELLENT CONDITION, fully DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

Ground Floor
Attractive spacious lounge with woodstrip floor
Adjoining kitchen/dining room comprising a new extension with tiled floor & newly fitted units

Stairs to first floor, comprising:
3 Double Bedrooms, all with fitted wardrobes & 1 with new fully tiled en suite shower room with shower, w.c. & wash hand basin
Large fully tiled, bathroom with new suite comprising bath, shower over bath, w.c. & wash hand basin

Outside

Attractive garden with lawn & patio.
Garage.

Tenure

The vendor owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £35,000 p.a. for the first 4 years.

Uniform Business Rates 2025: Nil payable after small business relief

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £680,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

OR TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) £ 476,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote