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Reference C8731

Newsagent with Off Licence in Surrey For Sale

Newsagent with Off Licence in Surrey For Sale

Register to see map and to make an appointment Situated in a parade of 9 shops, main road trading position, residential area on the SURREY/MIDDLESEX BORDERS not far from Hampton Court.

Turnover 4,000
Price 29,500

Features

Well Established News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence Plus On Line National Lottery

Service road in front of parade. NO PARKING RESTRICTIONS

DOUBLE FRONTED SALES SHOP approx. 550 sq. ft. sales area with laminated strip floor, suspended ceiling, fluorescent lighting. The equipment includes shelving, counter, electric cash register, 1 open cool display unit, 1 upright double door drinks display fridge (owned), 2 revolving card display stands (on loan), ice cream deep freezer, 2 glass topped chest deep freezers etc.

Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 4,000/4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 700 p.w. Gross profit 24% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately 40 p.w. The business also has Oyster which we understand provides a further commission of approximately 40 p.w. We are further advised that the sales year ending 31st March, 2017 showed sales of 155,451 with a gross profit of 30,735 (including commission received of 3,268).

Staff

The busines is at present operated by the vendor with the assistance of his wife on a part time basis. 3 morning newsboys. Delivery charge 2.50/3 p.w.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 7 p.m.
Sunday opening hours are also adopted for all bank holidays

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 10 years unexpired at a rental of 10,500 p.a. exclusive of rates till June 2018, with rent to be agreed thereafter every 5 years.

Uniform Business Rates: Nil payable after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 29,500 plus STOCK AT VALUATION (8,000/10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 14,750 (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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