Newsagent and local Post Office in West Sussex For Sale

Sought after country town, WEST SUSSEX

Turnover £ 6,500
Post Office £ 25,000
Price £100,000

Features

Profitable well Established News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries with Local Plus Post office

ATTRACTIVE SALES SHOP in the region of 1,050 ft² with laminated strip floor, ceiling with fluorescent lighting. The equipment includes counter, electric cash register, 5 greeting card display stands, 2 revolving card display stands, magazine display shelving, upright double door glass fronted display fridge, 1 single door glass fronted display fridge, Slush machine, ice cream deep freezer. Post Office counter with anti-bandit screen (2 positions plus parcel hatch) etc.

Turnover

WE ARE INFORMED the turnover averages £6,500/£7,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,280 p.w. Post Office Local Plus on appointment of a new postmaster, we understand that the anticipated post office income will be in the region of £25,000/£30,000 p.a.

Staff

We understand the business is staff operated. 3 full time & 2 part time staff employed. 8 morning newsrounds undertaken by 2 men. Delivery charge 3.20 p.w. in the twon with a delivery charge of £7 p.w. for the country round.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 5.30 p.m.
Saturday opening - 7 a.m. - 2 p.m.
Sunday opening - 7 a.m. - 11 a.m.
It will be appreciated upon inspection that there is potential to open additional hours, if desired

Post Office
Monday - Saturday inclusive - 9 a.m. - 2 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over at present let on a shorthold tenancy & providing a rental income of £11,000 p.a. however we understand that vacant possession can be given on completion, if required. The accommodation comprises:

First Floor
Lounge
Dining Room
Kitchen with fitted units
1 Bedroom

Second Floor
2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin (new suite)

Tenure

We understand the entire premises are held on a new 15 years full repairing and insuring lease from 16th January, 2016 at a current rental of £21,000 p.a. exclusive of rates up to January, 2022 with rent review at that time and thereafter every 3 years. (As will be appreciated with the rental income from the accommodation over of £11,000 p.a. the net rental payable at the present time is only £10,000 p.a. exclusive of rates).

Uniform Business Rates: £5,000 p.a. approx.

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION (£9,000/£10,000 approx plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote