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Reference C8759

Newsagent in Ruislip For Sale

Register to see map and to make an appointment Situated in a parade, busy road, MIDDLESEX RUISLIP

Turnover 5,200
Price 49,950

Features

Counter News, Confectionery, Tobacco, Greetng Cards, Stationery

Previously the premises we understand were trading as a Greeting Card Shop. The shop has recently been fitted to a high standard & opened as the above in September, 2016. In our opinion the business offers tremendous potential for development in the right hands.

IMPRESSIVE DOUBLE FRONTED SALES SHOP in the region of 850 sq. ft. sales area with laminated strip floor, suspended ceiling with concealed. 1 air conditioning/heating unit, 7 greeting card display stands (4 with drawers under), modern adjustable shelving, stationery display shelving, upright glass fronted drinks display fridge (on loan from Coca Cola), counter etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 5,200 p.w. We are further advised that the gross profit is in the region of 50% & we understand this is due to the business having high stationery sales. Wholesale newsbill 550/600 p.w. PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT, FULL DETAILS AVAILABLE UPON REQUEST.

Staff

At present operated by a husband & wife team with the assistance of their son on a part time basis.

Trading Hours

Monday - Saturday inclusive 7 a.m. - 6 p.m.
Sunday opening - 8 a.m. - 1 p.m. only

Outside

Parking at rear for 1 car

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 15 years unexpired from August, 2016 at a rental of 15,000 p.a. exclusive of rates up to August, 2021 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 4,800 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,950 plus STOCK AT VALUATION (30,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,975 (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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