Newsagent and Off Licence in Berkshire For Sale

Situated in a parade, high street trading position, affluent & wealthy residential area, BERKS / BUCKS BORDER.

Turnover £ 7,000
Price £60,000

Features

Newsagents & off Licence, National Lottery and Payzone

SINGLE FRONTED PREMISES in the region of 400 ft², CCTV (9 cameras), Non-slip lino flooring, suspended ceiling with tube lighting.

Sales counter, EPOS till. Open chiller, 2 double door drinks fridges, ice cream freezer, adjustable shelving, etc.

Store room.

Toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 24% approx.. Lucrative Wholesale newsbill £2,800 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:
DELIVERY NEWSPAPER CHARGE £5 pw (130 Houses)
NATIONAL LOTTERY £25 per week approx.
PAY ZONE £70 per week approx.

Staff

The business is at present operated by the Husband & Wife team with family assistance as required. 8 news rounds (130 houses), delivery charge £5 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6.30 am - 7 pm
SUNDAY 6.30 am - 3 pm

Accommodation

THE ACCOMMODATION entrance via the business and a door to the rear of the shop to Flat above;

Fitted kitchen.

Stairs to

2 double bedrooms.
Bathroom - Bath, toilet ans wash hand basin.
Living room.

Outside

Garden.

Store room

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £20,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote