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Reference C8866

Newsagent and Off Licence in Margate For Sale

Newsagent and Off Licence in Margate For Sale
Buy a Newsagent and Off Licence in Margate For Sale Sell a Newsagent and Off Licence in Margate For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area, KENT MARGATE

Turnover 5,500
Price 48,000

Features

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

DOUBLE FRONTED SALES SHOP in the region of 620 sq. ft. sales area with non-slip floor, suspended ceiling, fluorescent lighting. Well equipped including counter, till with EPOS scanning system, ice cream deep freezer, 2 open cool display units. CCTV system with 16 cameras, monitor plus recording etc.

Staff w.c. & wash hand basin

Basement 384 sq. ft. approx. - ideal for storage purposes

Turnover

WE ARE INFORMED the turnover currently averages 5,500 p.w. in our opinion the business offers terrific potential for further development in the right hands. Wholesale newsbill 1,100 p.w. We understand that an off licence for the sale of wines, beers & spirits was granted approximately 7 months ago & in our opinion there is potential for further development in this direction. It should also be noted that flats are being built in the area providing in our opinion further potential.

Staff

The business is at present operated by a husband & wife team & no staff are employed. 4 morning newsrounds. Delivery charge 2.50 p.w.

Trading Hours

6 a.m. - 7 p.m. seven days per week

Outside

Rear garage approximately 320 sq. ft. ideal for storage purposes

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a renal of 9,600 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 48,000 plus STOCK AT VALUATION (6,000 approx. plus news accounts)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,000 (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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