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Reference C9143

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, excellent main road trading position, MIDDLESEX

Turnover 7,500
Price 90,000

Features

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

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 50 sq. ft. sales area with laminated strip floor. Air conditioning. The equipment includes 5m open cool display unit (comprising 2 units), 1-2.5m open cool display unit, 1 greeting card display stand (owned), magazine display shelving, additional shelving, counter, electronic cash register with scanning, Slush machine, ice cream deep freezer (owned), CCTV system with 9 cameras, 2 monitors plus recording.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500/8,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 700 p.w. Gross profit 24% approx. The business is agents for Oyster & we understand this provides a commission of approximately 50 p.w. The business also sells lottery tickets plus scratch cards & we understand this provides a further income of 40 p.w. The has 2 parcel agencies 1 with UPS & 1 with Hodbox & we understand this provides a further commission of approximately 175 P.m.

Staff

The business is at present operated by 2 partners & no staff are employed.

Trading Hours

Monday - Saturday inclusive - 6 a.m. -10.30 p.m.
Sunday opening - 7 a.m. - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease for a period of 12 years from June, 2019 at a rental of 14,000 p.a. exclusive of rates up to June, 2023 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 5,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 UEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 90,000 plus STOCK AT VALUATION (20,000 approx)
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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