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Reference C9050

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

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

Turnover 4,000
Price 260,000

Features

Well Established Freehold News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries

This well established business has been in the same hands for the past 38 years and is now solely offered for sale due to retirement.

Shutters to DOUBLE FRONTED SALES SHOP in the region of 300 sq. ft. sales area with non-slip floor, suspended ceiling with concealed LED lighting. Air conditioning. Well equipped including glass fronted counter, electronic cash register, upright double door glass fronted drinks display fridge (on loan from Coca Cola), 1 additional double door glass fronted display fridge (owned), cigarette gantry (owned), 4 greeting card display stands with drawers under, centre display gondola, ice cream deep freezer (owned), magazine display shelving, modern shelving etc.

Rear small 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, especially with the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 1,900 p.w. Gross profit 24% approx. We are further advised that the sales year ending 31st July, 2018 showed 171,678 with a gross profit of 41,953.

Staff

At present operated by a husband & wife team & no staff are employed.
6 morning newsrounds. Delivery charge 2/2.50 p.w.

Trading Hours

Monday - Saturday inclusive - 5.45 a.m. - 7 p.m.
Sunday opening - 6 a.m. - 2 p.m.

Accommodation

The SELF CONTAINED accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)
Fully tiled bathroom with bath, w.c. & wash hand basin
Lounge
Fitted Kitchen

Outside

Small yard with stock shed

Tenure

Uniform Business Rates: Nil payable after small business relief

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 38 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

REALISTICALLY PRICED FOR EARLY SALE

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 260,000 plus STOCK AT VALUATION (8,000/10,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 182,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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