Search more Newsagents for sale in Surrey
Reference C8979

Newsagent in Surrey For Sale

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

Register to see map and to make an appointment Main road trading position, expanding residential village WEALTHY SURREY LOCALITY

Turnover 8,000
Price 120,000

Features

Well Established News, Confectionery, Tobacco, Greeting Cards, Soft Drinks

* OPEN 5 am - 12PM ONLY
* Turnover 8,000 p.w.
* Wholesale Newsbill 6,000 p.w.
* Sales year ending 31st March, 2017 328,125 with a gross profit of 61,313

Forecourt to DOUBLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor, counter, cash register, computer for news accounts, shelving, 1 greeting card display stand, 2 upright glass fronted drinks fridges, ice cream deep freezer, etc.

In our opinion the shop would benefit from being refitted

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering tremendous potential for further development, especially with additional opening hours & with the introduction of the sale of wines, beers & spirits, if desired, subject to obtaining the necessary premises & personal licence. Wholesale newsbill 6,000 p.w. Income received from newspaper delivery 1,250 per week, Newspaper delivery wage bill 750 per week. We are further advised that the gross profit is in the region of 24%. We understand that planning permission has been granted for a maximum of 2,000 houses to be built at the rear of the premises. We understand this development will be developed over a number of years.

Staff

At present operated by a a husband & wife team.
12 newsboys employed plus 2 additional delivery persons undertaken by car. We understand there is a total of 25 newsrounds (12 of which are undertaken by car). Delivery charge 2.50/3 p.w.

Trading Hours

5 a.m. - 12 noon only seven days per week
As will be appreciated there is terrific potential for additional opening hours

Accommodation

The limited accommodation comprises:

Ground Floor
Small office/kitchen
Bathroom with bath, w.c. & wash hand basin

First Floor
Lounge with laminated strip floor
1 Double Bedroom with laminated strip floor
Kitche with some fitted units

Outside

Yard at rear. 2 store sheds

Tenure

We understand the landlady, subject to satisfactory references, is prepared to grant a new 10/16 years full repairing and insuring lease at an initial rental of 12,000 p.a. exclusive of rates for the first 4 years with rent renview at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS 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 120,000 plus STOCK AT VALUATION (5,000 approx. plus news accounts in the region of 15,000/16,000).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 60,000 (lease) 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 Surrey

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