Newsagent & Post Office in Kent For Sale

Situated in a parade, excellent trading position, KENT

Turnover £ 3,000
Post Office £ 59,000
Price £59,950

Features

Profitable News, Confectionery, Tobacco, Slight Convenience Groceries, Full Free off Licence with Post office Main

SPACIOUS SINGLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting, counter, 2 tills with scanning plus Post Office combination counter. In addition there is a Post Office counter with 2 open plan positions plus 1 fortress position. 1-3.75m open cool display unit, 2-2m greeting card display units (on loan), 3 revolving card display spinners (including 2 on loan), ice cream deep freezer, magazine display shelving, modern shelving etc.

Rear stockroom

Stairs to first floor

Staff ladies' & gentlemen's cloakrooms with shared wash basin

Kitchenette

Large cellar

Turnover

WE ARE INFORMED the turnover currently averages £3,000 p.w. growing as we emerge from lockdown. Pre covid-19 sales averaged £6,000 p.w. Wholesale newsbill £550 p.w. We are informed the post office income is currently in the region of £59,000 p.a. (including lottery commission).

Staff

At present operated by the vendor with the assistance of his wife on a part time basis. In addition the vendor's father works full time. 1 part time staff employed in respect of the post office.

Trading Hours

Operated 6 days per week
Monday - Saturday inclusive - 7 a.m. - 6.30 p.m. (we understand the post office section closes at 6 p.m)
NO SUNDAY TRADING
In our opinion there is potential for additional opening hours & indeed Sunday opening, if desired.

Outside

Car parking at rear of shop for 2 cars

Tenure

In respect of the lease, the premises are as stated held on a 16 years lease unexpired from November, 2019 at a rental of £22,500 p.a. exclusive of rates, the rental paid quarterly in advance. In addition there is second mirror lease (16 years lease unexpired from November, 2019) for the Post Office section. We are advised the rent payable is 17% of the post office income which we understand is paid monthly in arrears, making a TOTAL RENT PAYABLE iro £32,500 pa. We understand in respect of the lease, the rent reviews are every 4 years.

Uniform Business Rates: £9,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 12 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £59,950 plus STOCK AT VALUATION (£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 29,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote