Search more Newsagents for sale in Kent
Reference C8970

Newsagent in Kent For Sale

Newsagent in Kent For Sale
Newsagent in Kent For Sale Buy a Newsagent in Kent For Sale Sell a Newsagent in Kent For Sale Newsagent in Kent For Sale for Sale Newsagent in Kent For Sale for Sale

Register to see map and to make an appointment Situated in a parade, residential area, KENT

Turnover 12,000
Price 150,000 / 550,000

Features

Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery, Gifts

We understand the business has been in the same hands since 1999 & there are genuine reasons for sale.

Electric shutters to SPACIOUS SALES SHOP in the region 1,000 sq. ft. with tiled floor, partly carpeted, suspended ceiling with LED lighting. 2 air conditioning/heating units. Well equipped including 1 long glass display counter, 24 greeting card display stands with drawers under, 7 glass display cabinets, modern shelving, 1-3.75m open cool display unit (used for soft drinks), Bean-to-Cup coffee machine, ice cream display deep freezer. CCTV system with 16 cameras, monitor plus recording.

Staff cloakroom with w.c. & wash hand basin
Large stockroom with racking.

Turnover

WE ARE INFORMED the turnover averages 12,000 p.w. in our opinion offering further potential to increase in the right hands & with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 4,000 p.w. The business is agents for the sale of online national lottery tickets plus scratch cards & we understand this provides a commission of approximately 100 p.w In addition there is a free to use ATM machine which we understand provides a further revenue of approximately 140 per month. We are further advised that the sales year ending 30th June, 2016 showed sales of 597,011 with a gross profit of 148,258 (including commission received of 8,441).

Staff

The business is at present operated by a husband & wife team with the assistance of 5 part time staff. 24 newsrounds (18 newsboys employed plus 1 driver who delivers to local businesses). Delivery charge 35p per day to a maxium of 4.50 per day.

Trading Hours

Monday - Saturday inclusive - 5.30 a.m. - 6 p.m.
Sunday opening - 5.30 a.m. - 12 noon
We understand the business closes at 12 noon on all bank holidays

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over all MODERNISED, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double with fitted wardrobes, 1 single)
Fully tiled shower room with shower, w.c. & wash hand basin
Large Lounge
Dining Area
Fitted kitchen

Outside

Secure parking for 2 cars

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new full repairing and insuring lease for a period of 10/15/20 years at an initial rental of 24,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

AS STATED WE UNDERSTAND THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION (45,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETED WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 550,000 plus STOCK AT VALUATION (45,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 75,000 (lease) 385,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Newsagents for sale in Kent

Buy a Newsagent in Kent For Sale on NationwideBusinesses.co.uk