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Reference C9346

Well Established Newsagent in Surrey For Sale

Well Established Newsagent in Surrey For Sale
Well Established Newsagent in Surrey For Sale Buy a Well Established Newsagent in Surrey For Sale Sell a Well Established Newsagent in Surrey For Sale Well Established Newsagent in Surrey For Sale for Sale Well Established Newsagent in Surrey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, SURREY

Turnover 7,000
Price 99,500

Features

Well Established Newsagents & Card Shop

FREE PARKING TO THE FRONT

SINGLE FRONTED PREMISES 475 sq ft approx. Carpet tiled floor, suspended ceiling with fluorescent lighting. Sales counter, EPOS till, modern adjustable shelving, glass fronted upright double door drinks display fridge, Walls' ice cream freezer. CCTV system (5 cameras, 1 monitor).

Stockroom with shelving & 2 deep freezers

Staff toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages 7,000 p.w. with a gross profit of 35% approx. Lucrative Wholesale newsbill 2,500 p.w.
WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

UPS COLLECTION POINT 100 per month approx.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 part time staff. 8 newsboys employed (150 houses). Delivery charge 3.15 p.w.

Trading Hours

7 Day week
MONDAY - SATURDAY 6.30am - 6pm
SUNDAY 6.30am - 12 noon

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the left of the shop to FLAT with Gas Fired Central Heating, Double-glazed windows in good condition over 2 floors, comprising:

2 double bedrooms
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Parking space for 4 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 10 years in 2015 with reviews every 5 years at a current rent of 12,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 99,500 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 49,750 (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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