Newsagent & Off Licence in Norfolk For Sale

Situated in a small parade, excellent trading position, residential area, NORFOLK.

Turnover £ 7,000
Price £375,000

Features

Freehold Newsagents Plus off Licence, National Lottery

SINGLE FRONTED PREMISES in the region of 500ft². Laminated strip floor, fluorescent lighting, elctronic cash register. Air conditioning with hot air. Counter, cigarette gantry, ice cream freezer, sliding double door dairy chiller, 2 Coca Cola fridges, 1 double door Lucozade fridge, slush machine, 4 card racks with drawers under), 2 card spinners. CCTV with 8 cameras.

Storeroom

Toilet

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 22% approx. Lucrative wholesale newsbill £2,500 p.w. WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys commission from National Lottery of £50 per week approx. Hermes Parcel service £125 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of 2 part time staff. 9 newsboys employed, delivery charge £3 p.w. per customer (we understand providing an additional income of £700 per week). 1 delivery round to local prison.

Trading Hours

7 Day week
MONDAY - SATURDAY 5.30 am - 5pm
SUNDAY 6am - 12pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT with Gas Fired Central Heating, Double-glazed windows in good condition over 1 floor currently let & providing a rental income of £700 per month, The accommodation comprises:

3 double Bedrooms
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Tenure

FREEHOLD

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR 18 YEARS & THERE ARE GENUINE REASONS FOR SALE.

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 262,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote