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Reference C9124

Newsagent & Off Licence in Middlesex For Sale

Newsagent & Off Licence in Middlesex For Sale
Newsagent & Off Licence in Middlesex For Sale Buy a Newsagent & Off Licence in Middlesex For Sale Sell a Newsagent & Off Licence in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade of shops, close to railway & underground station, MIDDLESEX

Turnover 10,000
Price 140,000

Features

Welll Established Mainly Counter News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence

SINGLE FRONTED MEDIUM SIZED PREMISES in the region of 600 sq. ft. sales area with laminated strip floor, fluorescent lighting. The equipment includes shelving, 3 double door glass fronted display fridges, 1 triple door glass fronted display fridge, 1 single door glass fronted display fridge, ice cream deep freezer, counter etc.

Large storage facilities to the rear with 2 glass fronted storage fridges. It will be appreciated upon inspection there is potential to extend the shop at rear, if desired.

Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 400/500 p.w. The business is agents for the sale of on line national lottery tickets & we understand this provides a commission of 50 p.w. We are further advised that the gross profit is in the region of 20%. We are further advised that the sales year ending 31st July, 2018 showed 476,483 with a total gross profit of 92,823 including commission received of 14,151 which we understand is on line national lottery plus scratch cards commission & commission received from Western Union.

Staff

At present operated by the vendor with the assistance of his wife on a part time basis & family help. In addition 1 full time & 1 part time staff employed. 1 small newsround. Delivery charge 2 p.w.

Trading Hours

Monday - Friday inclusive - 5 a.m. - 8 p.m.
Saturday opening - 5.30 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 2.30 p.m.

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15/25 years full repairing and insuring lease at a rental of 16,500 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 140,000 plus STOCK AT VALUATION (30,000/40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 70,000 (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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