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Reference C9145

Newsagent & Off Licence in Suffolk For Sale

Newsagent & Off Licence in Suffolk For Sale
Newsagent & Off Licence in Suffolk For Sale Buy a Newsagent & Off Licence in Suffolk For Sale Sell a Newsagent & Off Licence in Suffolk For Sale Newsagent & Off Licence in Suffolk For Sale for Sale

Register to see map and to make an appointment Situated end of parade, sought after SUFFOLK TOWN

Turnover 7,000
Price 70,000

Features

News, Confectionery, Tobacco, Stationery, Greeting Cards Slight Convenience Groceries, Full Free off Licence

SPACIOUS SINGLE FRONTED SHOP with laminated strip floor. The equipment includes shelving, counter, electronic cash register, greeting card display, 1 open cool display unit etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,000/7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 3,200 p.w. Gross profit 24% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 45 p.w. The business also has an agency for UPS parcel service which we understand provides a further commission of 20/25 p.w. The business also has Paypoint & Payzone.

Staff

The business is at present operated by a husband & wife team. 14 morning newsrounds. Delivery charge 2 p.w. on average.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 12 noon

Accommodation

The accommodation comprises:

3 Bedrooms (1 double, 2 singles)
Large Lounge
Kitchen

There are 2 further rooms, not utilized at present

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 17,200 p.a. exclusive of rates for the next 3 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 4,800 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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