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Reference C9288

Profitable Newsagent in Middlesex For Sale

Profitable Newsagent in Middlesex For Sale

Register to see map and to make an appointment Excellent trading position, MIDDLESEX

Turnover 3,750
Price 65,000

Features

Profitable Counter News, Confectionery, Tobacco, Soft Drinks

ATTRACTIVE COMPACT SALES SHOP refitted 2018 in the region of 10' x 15' with access from the main road plus additional entrance into the booking hall of St. Margarets Railway Station. The shop has a non-slip floor, fluorescent lighting & is well equipped including counter, electronic cash register, magazine display shelving, small section for greeting card display, double door glass fronted drinks fridge (owned), ice cream deep freezer (owned) etc.

Cloakroom with w.c. & wash hand basin (this facility is shared with 2 other shops)

Turnover

WE ARE INFORMED the turnover averages 3,750 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 1,200/1,500 p.w. We are further advised that the gross profit is in the region of 21%. In addition the business operates an advertising board, which we understand provides a further revenue of approximately 2,000 p.a.

Staff

At present operated by a husband & wife team

Trading Hours

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

Tenure

We understand the premises are held on a lease from South West Trains for a period of 6 years from 2018 having 3 years unexpired at a rent of 14,500 p.a. plus VAT.

Uniform Business Rates: Nil payable after full relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 65,000 plus STOCK AT VALUATION (10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 32,500 (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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