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Reference C9081

Newsagent & Off Licence in Surrey For Sale

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

Register to see map and to make an appointment Situated in a parade, sought after town centre position, SURREY

Turnover 5,800
Price 58,000

Features

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

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 750 sq. ft. sales area with tiled floor & well equipped including counter, 2 tills with scanning, 2-3.75m open cool display units (1 used for soft drinks whilst the other is used for wines & beers), shelving, ice cream deep freezer, large greeting card display section etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 5,800/6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 1,200 p.w. Gross profit 20% approx. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this gives an average commission of approximate 130 p.w. The business also has Paypoint.

Staff

At present operated by the vendor with the assistance of 1 full time staff. 4 newsrounds. Delivery charge 2 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 7 p.m.
Sunday opening - 7 a.m. - 3 p.m.

Accommodation

Included in the new lease are 2 SELF CONTAINED FLATS at present let on shorthold tenancies, however, we understand that vacant possession can be given on completion, if desired.

Flat No. 1. SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING producing a rental income of 950 per month, comprises:

2 Bedrooms (1 double, 1 single)
Shower room with shower, w.c. & wash hand basin
Lounge
Kitchen

Flat No. 2. Also let on a shorthold tenancy & producing a rental income of 850 per month. The SELF CONTAINED FLAT comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge with fitted kitchen area

Outside

Small yard with parking space for 2 cars

Tenure

We understand the entire premises are held on a full repairing and insuring lease having approximately 12 years unexpired at a rental of 28,000 p.a. exclusive of rates up to August, 2020 with rent to be agreed thereafter. (As will be appreciated with the current rental income from the 2 flats of 21,600 p.a. the net rental payable at the present time is only 6,400 p.a. exclusive of rates).

Uniform Business Rates: 3,200 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 58,000 plus STOCK AT VALUATION (12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 29,000 (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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