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Reference C8957

Newsagent and Off Licence in Herne Bay For Sale

Newsagent and Off Licence in Herne Bay For Sale
Buy a Newsagent and Off Licence in Herne Bay For Sale Sell a Newsagent and Off Licence in Herne Bay For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, KENT HERNE BAY

Turnover 9,500
Price 90,000

Features

Profitable Lock-up News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence Plus On Line National Lottery

Well fitted and SPACIOUS SALES SHOP approx. 850/900 sq. ft. sales area, ceramic tiled floor, suspended ceiling with concealed lighting. 2 air conditioning units. Counter, 2 touch screen computerised tills, modern adjustable shelving, 1-3.5m open cool display unit (used for beers and wines), 1 additional 3.5m open cool display unit (used for soft drinks plus milk), magazine display shelving, large greeting card display section, upright double door glass fronted drinks display fridge, photocopier (on loan) etc.

Small stockroom (not used)
Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 9,500 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill 3,000 p.w. Gross profit 22% 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 FURTHER INCOME OF APPROXIMATELY 300 P.W.

Staff

The business is at present operated by a lady vendor with the assistance of her husband & her son. 16 newsrounds. Delivery charge 3.40 p.w.

Trading Hours

Monday - Saturday inclusive - 5 a.m. - 7 p.m.
Sunday opening - 5 a.m. - 3 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop premises at a rental of 14,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

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

THIS WELL ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION (12,000 approx. plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 45,000 (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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