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Reference C9079

Newsagent and Off Licence in Bedfordshire For Sale

Newsagent and Off Licence in Bedfordshire For Sale
Newsagent and Off Licence in Bedfordshire For Sale Buy a Newsagent and Off Licence in Bedfordshire For Sale Sell a Newsagent and Off Licence in Bedfordshire For Sale Newsagent and Off Licence in Bedfordshire For Sale for Sale

Register to see map and to make an appointment Situated in a parade, busy main road, affluent residential area, NORTH BEDFORDSHIRE

Turnover £ 4,000
Price £33,000

Features

Well Established News, Confectionery, Tobacco, Greeting Cards, Stationery, Full Free off Licence, Payzone, Pass My Parcel Plus Dry Cleaning Agency

SPACIOUS SALES SHOP in the region of 1,000 sq. ft. sales area with newly fitted electric shop front shutters front & rear. The shop has a tiled floor, suspended ceiling with concealed lighting & is well equipped including adjustable shelving, newspaper & magazine display wall shelving, 2 sliding door chiller units (for soft drinks from Pepsi & Coca Cola), ice cream deep freezer, 2 centre display gondolas, 1-1.5m open cool display unit (used for milk & dairy produce), 1-4m open cool display unit (used for wines & beers), large greeting card display stand/shelving, 2 rotating greeting card stands, 1 BJ toys rotating stand for childrens' toys, brand new Toshiba photocopier/scanner (affordable print lease), counter, electronic cash register (not scanning at present but we understand can be upgraded), Nescafé & Go hot drinks machine etc. We understand the shop is now an Amazon locker location which has recently been installed & we understand should generate an additional income of approximately £1,500 p.a.

The shop is double the size of other shops in the parade & in our opinion there is great scope to expand into additional ventures if desired, possibly a small sandwich bar/coffee shop etc.

Stockroom including small kitchenette at rear in the region of 260 sq. ft. in total

Turnover

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,600/£1,700 p.w. We are further advised that the gross profit is in the region of 22%. We are advised by the VENDOR the site has been pre approved as a location for a Post Office Local.

Staff

At present operated by the vendor with the assistance of 1 part time staff. 6 morning newsrounds. Delivery charge on averages £3 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening 6 a.m. - 1 p.m.
(We understand the licensing hours allowed for the sale of wines, beers & spirits is from 6 a.m. - 10 p.m. seven days per week)
In our opinion there is terrific potential for additional opening hours, if desired.

Outside

Yard at rear with parking space

Tenure

We understand the premises are held on a 10 years renewable Council lease. We understand that a new 10 years lease has been agreed with the Council to commence in March, 2019 on expiry of the current running lease at a rental of £12,000 p.a. exclusive of rates for the first 5 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £33,000 or near offer plus STOCK AT VALUATION (£10,000 approx. plus news accounts).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 16,500 (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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