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Reference C9229

Profitable Counter Newsagent in Middlesex For Sale

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

Turnover 3,500
Price 49,500

Features

Profitable Counter News, Confectionery, Tobacco, Greeting Cards, Stationery Recently Introduced Toiletries & Household Goods

IMPRESSIVE DOUBLE FRONTED SALES SHOP in the region of 850 sq. ft. sales area with laminated strip floor, suspended ceiling with concealed lighting. Air conditioning/heating. Well equipped including 7 greeting card display stands, 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 is currently 3,500 p.w. We understand the business enjoys good stationery sales. Wholesale newsbill 600 p.w. We are further advised that the gross profit is in the region of 40%. The business has on line national lottery plus scratchcards & we understand this provides a commission of approximately 80 p.w.

Staff

At present operated by the vendor & no staff are employed.

Trading Hours

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

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 15,000 p.a. plus VAT exclusive of rates up to August, 2021 with rent review at that time and thereafter every 5 years.

Uniform Business Rates: 2,458 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 49,500 plus STOCK AT VALUATION (20,000/25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 24,750 (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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