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Reference C9160

Newsagent and Post Office Local in Surrey For Sale

Newsagent and Post Office Local in Surrey For Sale
Newsagent and Post Office Local in Surrey For Sale Buy a Newsagent and Post Office Local in Surrey For Sale Sell a Newsagent and Post Office Local in Surrey For Sale Newsagent and Post Office Local in Surrey For Sale for Sale Newsagent and Post Office Local in Surrey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, expanding, sought after residential area, SURREY

Turnover 7,500
Post Office 37,000
Price 125,000

Features

Profitable Lock-up News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Slight Convenience Groceries, On Line National Lottery Plus Post office Local

No parking problems. Car Park for 20/25 cars for the parade.

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,000 sq. ft. sales area with vinyl non-slip floor, suspended ceiling with LED lighting. The equipment includes counter, electronic cash register, post office combination counter, modern shelving, 7 greeting card display stands (6 with drawers under plus 1 with wrapping paper section), open cool display unit, ice cream deep freezer etc.

Stockroom plus secure store
Staff cloakroom with w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 2,300 p.w. Post office income in the region of 38,000 p.a. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 150 p.w. The business also has Oyster which we understand provides a further commission of approximately 50 p.w. We are further advised that the sales year ending 31st August, 2020 showed sales of 356,674 with a gross profit of 131,037 & a net profit of 66,125.

Staff

At present operated by a husband & wife team. In addition 5 newsboys employed. Delivery charge 1.20/1.30 p.w.

Trading Hours

Monday & Tuesday - 6 a.m. - 7 p.m.
Wednesday - 6 a.m. - 7.30 p.m.
Thursday - 6 a.m. - 7 p.m.
Friday & Saturday - 6 a.m. - 7.30 p.m.
Sunday opening - 6 a.m. - 1 p.m.

Outside

Service area at rear of parade

Tenure

We understand the landlord, subject to satisfactory references, is prepared to grant a new 10 years lease at a rental of 20,000 p.a. exclusive of rates with 7 months rent free period. THE LANDLORD WILL REQUIRE A 6 MONTHS RENT DEPOSIT.

EPC rating E (114)

Uniform Business Rates: 4,100 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (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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