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Reference C9136

Newsagent & Off Licence in Leicestershire For Sale

Newsagent & Off Licence in Leicestershire For Sale
Newsagent & Off Licence in Leicestershire For Sale Buy a Newsagent & Off Licence in Leicestershire For Sale Sell a Newsagent & Off Licence in Leicestershire For Sale Newsagent & Off Licence in Leicestershire For Sale for Sale Newsagent & Off Licence in Leicestershire For Sale for Sale

Register to see map and to make an appointment End of terrace, sought after LEICESTERSHIRE

Turnover 5,000
Price 40,000

Features

News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence (plus Shortly To Have A Post office Local)

Forecourt to SINGLE FRONTED SALES SHOP in the region of 350 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting & well equipped including greeting card display section, 2 open cool display units (1 used for soft drinks, milk etc. whilst the other is used for wines & beers), double door glass fronted display fridge (owned & used for soft drinks), modern shelving, counter, electronic cash register with EPOS scanning etc.

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

Turnover

WE ARE INFORMED the turnover averages 5,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 2,200 p.w. We are further advised that the gross profit is in the region of 28%. We are further advised that the sals year ending 31st March, 2018 showed 235,000 with a gross profit of 62,000. Please note that we understand a Post Office Local is to be installed at the premises due to open on the 21st August, 2019 & we understand that this will provide a post office revenue anticpated in the region of 15,000 p.a. As will be appreciated the appointment of a sub postmaster is entirely at the discretion of of Post Office Counters Ltd.

Staff

The business is at present operated by the vendor & no staff are employed. 6 morning newsrounds. Delivery charge 1.75 p.w.

Trading Hours

Monday - Saturday incusive - 5.30 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 12 noon

Accommodation

The SELF CONTAINED accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

3 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin
Lounge/dining room
Kitchen with fitted units

Outside

Concrete yard at side

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15/21 years full repairing and insuring lease at a rental of 11,000 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

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 9 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION (10,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (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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