Traditional Newsagent with Easy Hours in Herefordshire For Sale

Situated in a Parade, excellent High Street trading position, residential and commercial area, Herefordshire.

Turnover £ 11,000
Price £115,000

Features

Traditional and well Established Newsagents

EASY HOURS

SINGLE FRONTED PREMISES, in the region of 1,200 ft² - Alarmed, suspended ceiling with tube lighting, ceramic tiled floor.

Sales counter, electric cash register, epos news system, 2m open front chiller, adjustable shelving, greeting card racks with drawers beneath, tobacco gangtry.

Stockroom.

Staff cloakroom wiith toilet and wash hand basin.

Kitchen - sink, kettle.

Additional stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a Gross profit of 22% approx.. Lucrative Wholesale newsbill £4,500 p.w. Huge potential to open longer hours, develop off licence (subject to planning), grocery, vaping and additional lines.

Staff

The business is at present operated by the Husband & Wife team 2 news rounds, delivery charge £3.50 p.w. (185 houses, 6 rounds with 2 drivers doing 3 each, delivery charge covers costs )

Trading Hours

7 Day week
MONDAY - SATURDAY 5am - 12 noon
SUNDAY 6am - 10am

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £17,000 p.a.

Business Rates from April 2023 £2,060 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND OFFERED FOR SALE SOLELY DUE TO OWNERS SEMI-RETIREMENT

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION £20,000 approx
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