Newsagent with Off Licence and Post Office in Middlesex For Sale

Situated in a parade, excellent trading position, residential and commercial area, MIDDLESEX.

Turnover £ 6,750
Post Office £ 26,500
Price £115,000

Features

News, Convenience Grocery, Party Goods, off Licence, Post office Local Plus

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 625 sq. ft. Air conditioning. Professional non-slip vinyl non-slip floor, suspened ceiling with LED light panels. Sales counter, electric cash register, tobacco gangtry, 2-1m open chillers, 2-7m open chillers for beer and dairy, Walls' ice cream freezer, adjustable shelving. Post office counter. CCTV (8 cameras), alarm

Storeroom

Office

Cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,750 p.w. Wholesale newsbill £1,100 p.w. with a gross profit of 23% approx. POST OFFICE income in the region of £26,500 per annum Approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff. 4 newsrounds (65 houses). Delivery charge £3.50 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 5.30am - 6.30pm
SUNDAY 6.30am - 1pm

Accommodation

The accommodation in the form of a SELF CONTAINED MAISONETTE over, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING. We are advised rent achievable for the flat is £2,000 per month. The flat comprises:

Living Room
Kitchen / diner with fitted units
3 Bedrooms (2 double, 1 large single)
Bathroom with bath, wash hand basin
Separate w.c.

Outside

Parking space for 3 cars

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 3 years (next review 2026) at a current rent of £29,000 per anuum

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote