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Reference C8653

Newsagent and Off Licence in Richmond For Sale

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

Register to see map and to make an appointment Situated in a parade, busy road, sought after residential area, SURREY RICHMOND

Turnover 6,500
Price 30,000

Features

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

DOUBLE FRONTED SALES SHOP probably in the region of 650/700 sq. ft. sales area with tiled floor, flurescent lighting. Air conditioning unit. Counter, electronic cash register, cigarette gantry (on loan), centre display gondola, modern shelving, magazine display shelving, 2 ice cream deep freezers, 1-1.5m open cool display unit (used for wines & beers), 1-3.75m open cool display unit (used for soft drinks, milk & sandwiches).

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 2,500 p.w. We are further advised that the gross profit is in the region of 23/24%. in addition the business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 60 p.w The business also has Oyster which we understand provides a commission of approximately 35 p.w. plus a parcel collection & delivery service agency which we understand provides a further commission of approximately 20 p.w. We are further advised that the sales year ending October, 2015 showed 401,173 with a gross profit of 99,571 including commission received.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff. 2 morning newsboys employed plus some deliveries undertaken by the vendor. Delivery charge 3/3.50 p.w.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 7 a.m. - 5 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 5 years unexpired from December 2017 at a rental of 24,000 p.a. plus VAT exclusive of rates fixed for the remainder of the term.

Uniform Business Rates: 5,700 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 30,000 plus STOCK AT VALUATION (15,000/20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 15,000 (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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