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Reference C8061

Newsagent and Off Licence in Birchington For Sale

Newsagent and Off Licence in Birchington For Sale
Buy a Newsagent and Off Licence in Birchington For Sale Sell a Newsagent and Off Licence in Birchington For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area, KENT BIRCHINGTON

Turnover £ 4,000
Price £27,000

Features

Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries, Full Free off Licence

DOUBLE FRONTED SALES SHOP probably in the region of 750 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting. The equipment includes counter, electronic cash register, ice cream deep freeze (owned), glass topped chest display deep freeze, 3 double door glass fronted display fridges (1 used for wines & beers whilst the other 2 are used for soft drinks, sandwiches, juices etc), shelving, revolving card stand (on loan), 3 additional greeting card display stands with shelving under etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase, in the right hands. Wholesale newsbill £700 p.w. Gross profit we are advised in excess of 20%.

Staff

The business is at present operated by a husband and wife team and no staff are employed.

Trading Hours

Monday - 6.30 a.m. - 6.30 p.m.
Tuesday & Wednesday - 6.30 a.m. - 7.30 p.m.
Thursday - 6.30 a.m. - 6.30 p.m.
Friday & Saturday - 6.30 a.m. - 7.30 p.m.
Sunday opening - 6.30 a.m. - 12 noon

Outside

Yard at rear

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 4 years unexpired at a rental of £9,000 p.a. exclusive of rates for the next 4 years, with rent reviews every 4 years. We are advised by the present tenant that the landlord will consider the surrender of the existing lease and the granting of a new lease at terms and rent to be agreed.

Uniform Business Rates 2017 / 2018: £NIL

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE

Price

TO INCUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £27,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 13,500 (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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