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Reference C9020

Newsagent & Off Licence in Reading For Sale

Register to see map and to make an appointment Situated in a parade, sought after residential area, BERKSHIRE READING

Turnover 2,500
Price 20,000

Features

Counter News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence

SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, LED lighting, counter, electronic cash register, 2.75m open cool display unit (used for wines & beers), 2m glass topped chest display deep freezer, modern shelving. CCTV system with 8 cameras, monitor plus recording.

Stockroom
Small office
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 2,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 220 p.w. We are further advised that the gross profit is in the region of 24%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand that this provides a commission of approximately 100 p.w. The business has Paypoint plus agency for Parcel Send & Collect which we understand provides a further commission of approximately 70 p.w.

Staff

At present operated by the vendor with the assistance of his partner plus 1 part time staff when required.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 4 p.m.
Sunday opening - 9 a.m. - 1 p.m.
It will be appreciated upon inspection that there is potential for earlier opening hours & indeed later opening hours during the day if desired.

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE is at present let on a shorthold tenancy and provides a rental income of 800 per month, however we understand vacant possession can be given on completion, if required. The accommodation comprises:

First Floor
Double Bedroom
Lounge
Kitchen

Second Floor
Additional Double Bedroom
Bathroom with bath, shower over bath, w.c. & wash hand basin

Outside

Small yard at rear plus garage, at present let on a shorthold tenancy & providing a rental income of 350 per month.

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of 15,000 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income from the maisonette and the garage of 13,800 p.a. the net rental payable at the present time is only 1,200 p.a).

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

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 20,000 plus STOCK AT VALUATION (10,000/15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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