Newsagent & Off Licence in West Midlands For Sale

Residential area WEST MIDLANDS

Turnover £ 6,250
Price £42,950

Features

Well Established Semi-detached News, Confectionery, Tobacco, Convenience Groceries, Full Free off Licence Plus On Line National Lottery

Forecourt to SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 800 sq. ft. sales area with tiled floor, fluorescent lighting. The equipment includes counter, electronic cash reigster, 1 glass topped chest display deep freezer, 2 ice cream deep freezers (owned), shelving, 1-2m open cool display unit, 1-2.75m open cool display unit etc.

Small stockroom plus large stockroom (not used at present)

Kitchen
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £6,000/£6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £750 p.w. We are further advised that the gross profit is in the region of 20%. 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.

Staff

The business is at present operated by 2 partners & no staff are employed. 3 morning newsrounds. Delivery charge £1.50 p.w. plus 3 evening newsrounds. Delivery charge £1 p.w.

Trading Hours

6 a.m. - 8.30 p.m. seven days per week

Outside

Rear garden plus large garage

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 20½ years unexpired at a rental of £8,500 p.a. exclusive of rates for the next 2½ years with rent review at that time and thereafter every 3 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £42,950 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 21,475 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote