Newsagent and Off Licence in Cambridge For Sale

Situated in a parade, busy road, residential ara, CAMBRIDGESHIRE CAMBRIDGE

Turnover £ 4,000
Price £57,000

Features

News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries, Full Free off Licence

SINGLE FRONTED SALES SHOP in the region of 400 sq. ft. sales area with tiled floor, suspended ceiling and fully equipped including modern adjustable shelving, counter, till with EPOS scanning, 1 greeting card display stand, ice cream deep freeze, 1 glass topped chest display deep freeze, 2 open cool display units (1 used for soft drinks, sandwiches, milk etc whilst the other is used for wines and beers) etc.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,000 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £130 p.w.

Staff

The business is at present operated by the vendor with the assistance of 1 full time & 1 part time staff. 4 newsboys employed. Delivery charge £3 p.w.

Trading Hours

6 a.m. - 11 p.m. seven days per week

Accommodation

The SELF CONTAINED accommodation comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

Outside

Garden at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 1 years unexpired at a rental of £14,000 p.a. exclusive of rates. We understand the rent reviews are every 5 years.

The Landlord is happy to grant a new 15 year lease at an asking rent of £17,000

Uniform Business Rates: We understand nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £57,000 plus STOCK AT VALUATION (£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 28,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote