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Reference C8590

Newsagent and Off Licence in Reading For Sale

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

Register to see map and to make an appointment Situated in a parade, main road trading position, densely populated residential area, BERKSHIRE READING

Turnover 6,500
Price 49,500

Features

Superbly Fitted News, Confectionery, Tobacco, Greeting Cards, Station, Convenience Groceries, Full Free off Licence

The business has been in the same hands for the past 18 years and there are genuine reasons for sale.

Forecourt to DOUBLE FRONTED SALES SHOP with shutters. Sales area probably in the region of 450 sq. ft. Newly fitted approximately 6 months ago at considerable expense. Wood effect strip floor, suspended ceiling with concealed LED lighting. New air conditioning. Magazine display shelving, 2.5m open cool display unit (used for beers), 1-3.75m open cool display unit (used for soft drinks, milk & dairy produce), ice cream glass topped display deep freezer, large glass topped chest display deep freezer, modern adjustable shelving, centre display gondola, counter, till with EPOS scanning system. CCTV system with 8 cameas, monitor plus recording etc.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover averages 6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 20%. The business at present sells on line scratch cards & we understand from the vendor that an on line lottery terminal is shortly to be installed.

Staff

The business is at present operated by a husband & wife team & no staff are employed. 1 morning newsround. Delivery charge 2.50 p.w.

Trading Hours

7 a.m. - 10.30 p.m. seven days per week.

Accommodation

The accommodation FULLY DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING & AIR CONDITIONING IN 3 OF THE ROOMS, comprises:

First Floor
Lounge
Kitchen/breakfast room
Double Bedroom
Bathroom with bath, w.c. & wash hand basin

Second Floor
2 Additional bedrooms (1 double, 1 large single)

Outside

Large yard with rear access

Tenure

The vendor owns the freehold and subject to satisfactory references,is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with accommodation at a rental of 24,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required, the vendor subject to satisfactory references, is prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only at a rental of 12,000 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 HAD BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 49,500 plus STOCK AT VALUATION (15,000/18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,750 (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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