| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 2,988 TIME(S)
BUSINESS REFERENCE : C7068 / RightBiz OLD ESTABLISHED LOCK-UP COUNTER NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, STATIONERY, SLIGHT CONVENIENCE GROCERIES | | | | | | This old established newsagents has been in the same hands for the past 26 years and there are genuine reasons for sale. ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with tiled floor, fluorescent lighting and well equipped including glass fronted display counter, electronic cash register, 3 greeting card display stands with drawers, Walls' ice cream deep freeze, 3 upright single door drinks display fridges, shelving etc. Office/Stockroom Kitchen area with sink Staff cloakroom with w.c. and wash hand basin | | | BUSINESS LOCATION: | Undisclosed Hertfordshire UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £55000 | | | | | | | | | | | BUSINESS DETAILS: | Location Situated end of parade, excellent main road trading position, HERTFORDSHIREOpening Hours Monday - Saturday inclusive - 6.30 a.m. - 6 p.m.
Sunday opening - 6.30 a.m. - 12.30 p.m. onlyTurnover WE ARE INFORMED the turnover averages 5,100 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and indeed with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill 1,000 p.w. Gross profit 20% approx. In addition, the business is agents for the sale of bus passes and we understand this provides a commission of approx. 28 p.w.Tenure The vendor owns the freehold and is prepared to grant, subject to satisfactory references in respect of the shop premises, a new 16 years full repairing and insuring lease at a rental of 15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: 5,400 p.a. approx. + water rates
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATEDPrice TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION (10,000/12,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTOutside Parking space for 1 car at rearStaff The business is at present operated by a husband and wife team and no staff are employed. | | | | | | FOR SALE | | | | | SELLER: | NATIONWIDE BUSINESSES LTD | | CONTACT: | 020 8763 1777 | | REFERENCE: | C7068 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
