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Reference C9037

Newsagent in Hythe For Sale

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

Register to see map and to make an appointment Excellent trading position, KENT. HYTHE

Turnover 4,500
Price 25,000

Features

Old Established News, Confectionery, Tobacco, Greeting Cards Recently Reduced To 25,000 or Near offer Plus Stock At Valuation, For Early Sale

This old established Newsagents has been in the same hands for the past 40 YEARS and is now solely offered for sale due to retirement.

Attractive Sales Shop, in the region of 500 sq. ft. sales area, with carpet tiled floor. Equipment includes counter, electric cash register, 9 greeting card display stands - 6 with drawers under and 3 with gift wrapping paper section. Large magazine display section, 1 open cool display unit (used for sandwiches and soft drinks), 1 double door glass-fronted display fridge (used for soft drinks), ice cream deep freeze, shelving, etc.

Stockroom.
Staff w.c. and wash hand basin

Turnover

WE ARE INFORMED the turnover averages in the region of 4,500 p.w., in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 2,200 p.w. It will be appreciated upon inspection there is potential for additional opening hours & with the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal Licence, if desired. We are further advised that the sales year ending 31.1.18 showed sales of 261,268 with a gross profit of 71,885.

Staff

At present operated by a husband and wife team with the assistance of 1 staff. 12 newsboys employed plus the vendor also delivers some papers. Delivery charge 30p. per day.

Trading Hours

Monday/Saturday incl. 6 a.m. - 5 p.m.
Sunday opening 7 a.m. - 11 a.m. only.

Tenure

WE UNDERSTAND the premises are held on a secure renewable lease from a private landlord, the present lease expiring in May 2025, at a current rental of 12,000 p.a. excl. of rates, due for rent review in May 2019 and a further rent review in May 2022.

Uniform business rates: 3,480 p.a. approx.

AS STATED, THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 40 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Price

REDUCED FOR EARLY SALE TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS, 25,000 or near offer plus stock at valuation (8,000 approx.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 12,500 (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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