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Newsagent & Post Office in Middlesex For Sale

Newsagent & Post Office in Middlesex For Sale
Newsagent & Post Office in Middlesex For Sale Buy a Newsagent & Post Office in Middlesex For Sale Sell a Newsagent & Post Office in Middlesex For Sale Newsagent & Post Office in Middlesex For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, sought after residential commercial MIDDLESEX

Turnover 3,500
Post Office 94,000
Price 169,500

Features

Well Fitted Counter News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries, Full Free off Licence with Main Post office

Forecourt with parking for 2 cars to -

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 600 sq. ft. sales area. Refitted in 2015. Quality non-slip floor, suspended ceiling with LED lighting. Retail counter with post office combination counter, electronic cash register with scanning, open cool display unit, 3 greeting card display stands, photocopier, modern shelving, post office counter with anti-bandit screen (3 positions plus parcel hatch). CCTV system with 8 cameras, monitor plus recording etc.

Office
Small storeroom plus additioal stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,500/4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 300 p.w. We are further advised that the gross profit is in the region of 20%. In addition the business has Oyster which we understand provides a commission of approximately 70 p.w. Post office income 94,000 p.a. approx. (including income from external ATM machine). We are further advised that the sales year ending July, 2018 showed 149,488.21.

Staff

At present operated by a husband & wife team with the assistance of 6 part time staff.
It will be appreciated upon inspection that with a more active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 7 a.m. - 2 p.m.
(We are advised that the fortress post office section operates Monday - Friday inclusive - 8 a.m. - 6 p.m. Saturday opening - 9 a.m. - 4 p.m).

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy & provides a rental income of 1,100 per month, however we understand that vacant possession can be given on completion if required. The accommodation comprises:

4 Bedrooms (1 doubles, 2 singles)
Bathroom with bath, shower over bath, w.c. & wash hand basin
In addition there is a separate cloakroom with w.c. & wash hand basin
Large lounge
Kitchen with fitted units

Outside

Yard at rear

Tenure

We understand the entire premises are held on a secure full repairing and insuring lease for a period of 25 years from August, 2004 at a current rental of 22,000 p.a. exclusive of rates for the next 1 year with rent review at that time and thereafter every 4 years. (As will be appreciated with the current rental income of 13,200 from the maisonette over the net rental payable at the present time is only 8,800 p.a. exclusive of rates).

Uniform Business Rates: 900 p.a. approx. (we understand from the present tenant that there is potential for this to be reduced if an appeal is lodged).

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 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 LEASE, GOODWILL, FIXTURES & FITTINGS 169,500 plus STOCK AT VALUATION (10,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 84,750 (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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