Search more Newsagents for sale in East Sussex
Reference C9307

Newsagent plus Specialist Tobacconist in East Sussex For Sale

Newsagent plus Specialist Tobacconist in East Sussex For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, EAST SUSSEX

Turnover 20,000
Price 225,000

Features

Newsagents & Specialist Tobacconist Specialising In Cigars and Pipe Tobabcco

DOUBLE FRONTED PREMISES 500 ft (45 M) Approx. with suspended ceiling with LED lights, ceramic tiled floor, sales counter, open cool display unit (2 metres), EPOS cash register.

Staff toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages 20,000 - 25,000 p.w. with a Gross profit of 18% approx. Wholesale newsbill 450 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 licence.

Staff

The business is at present operated by a lady vendor with 1 full time staff employed. with the assistance of 1 part time staff.

Trading Hours

7 Day week (MONDAY - SATURDAY) 9am - 6pm
SUNDAY 11am - 4pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE Council lease granted for 20 years in 2017 with reviews every 5 years (next review 2022) at a current rent of 18,000 p.a.

Uniform Business Rates: Nil payable after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 225,000 plus STOCK AT VALUATION (70,000 APPROX. CAN BE REDUCED)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 112,500 (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 East Sussex

Buy a Newsagent plus Specialist Tobacconist in East Sussex For Sale on NationwideBusinesses.co.uk