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Reference C9297

Well Fitted Newsagent & Off Licence in Kent For Sale

Well Fitted Newsagent & Off Licence in Kent For Sale
Well Fitted Newsagent & Off Licence in Kent For Sale Buy a Well Fitted Newsagent & Off Licence in Kent For Sale Sell a Well Fitted Newsagent & Off Licence in Kent For Sale Well Fitted Newsagent & Off Licence in Kent For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, KENT. We understand from the vendor that the town is currently under significant redevelopment, which should add to future footfall.

Turnover 10,000
Price 130,000

Features

Well Fitted Counter News, off Licence, Confectionery, Tobacco, Greeting Cards, Ices, Soft Drinks

SPACIOUS SALES SHOP in the region of 1,000/1,200 sq. ft. sales area. We understand refitted in 2017. Vinyl floor, suspended ceiling with LED concealed lighting. Air conditioning unit. The equipment includes large greeting card display section, 1-2.75m open cool display unit, 2 double door glass fronted cool display fridges (on loan), 1 additional double door Monster glass fronted display fridge (on loan), 3-tier ice cream deep freezer, 1 Ben & Jerry's deep freezer (on loan), counter, 2 tills with scanning.

Storeroom
Small kitchen
Staff w.c. & wash hand basin

To the rear is a secure lock-up & there is access for deliveries

Turnover

WE ARE INFORMED the turnover currently averages 10,000 p.w. in our opinion offering further potential to increase, especially with the introduction of the sale of wines, beers & spirits if desired, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill 900 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 320 p.w. The business is also agents for Payzone.

Staff

The business is at present operated by the vendor with the assistance of his daughter plus 2 part time staff as required.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 5.30 p.m.
NO SUNDAY TRADING
We understand the premises has an 11 p.m. licence.
It will be appreciated upon inspection there is potential for additional opening hours, if desired.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over with separate rear entrance, all MODERNISED in JUNE, 2019 with NIGHT STORAGE HEATING, is at present let on a shorthold tenancy & provides a rental income of 675 per month. The accommodation comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge with fitted kitchen area
First floor terrace

Outside

2 parking spaces - 1 used by the shop whilst the other is retained for the flat

Tenure

We understand the present lease expires on the 11th November, 2027 at a rental of 29,000 p.a. plus VAT exclusive of rates for the remainder of the term.

Uniform Business Rates: 5,500 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 130,000 plus STOCK AT VALUATION (25,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 65,000 (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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