Traditional Newsagent in East Yorkshire For Sale

Situated in a parade, main road trading position, residential and commercial area, EAST YORKSHIRE

Turnover £ 8,000
Price £30,000

Features

Long Established Traditional Newsagents & Convenience Store

SINGLE FRONTED PREMISES in the region of 565 ft² with ELECTRIC SHUTTERS. CCTV (4 cameras). Carpet tiled flooring, suspended ceiling with LED lighting. Sales counter, EPOS till, large open chiller, second chiller, milk fridge, Monster fridge, 2 ice cream freezers, adjustable shelving, tobacco gantry with vape unit, 2 channel Slush machine, coffee machine

Stockroom

Staff toilet with sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 22% approx. Wholesale newsbill £600 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £130 per week approx.
PAY ZONE £5 per week approx.

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY - 4.30 a.m - 6.p.m
SATURDAY 4.30 a.m. - 5 p.m
SUNDAY 4.30 am - 3 p.m

Outside

Shed used for storage.

Parking space for 1 car.

Tenure

The private landlord, subject to satisfactory references, is prepared to grant a new SECURE RENEWABLE minimum 10 years full repairing and insuring lease with rent reviews every 4 years at a starting rent of £7,200 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1988 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE,GOODWILL, FIXTURES & FITTINGS £30,000 plus STOCK AT VALUATION (£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 15,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote