| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 6,171 TIME(S)
BUSINESS REFERENCE : C7087 / RightBiz PROFITABLE OLD ESTABLISHED STONEBUILT NEWS, CONFECTIONERY, TOBACCO, GREETING CARDS, SOFT DRINKS PLUS DIGITAL PHOTO DEVELOPING LAB | | | | | | SPACIOUS DOUBLE FRONTED SALES SHOP approx. 1,200 sq. ft. sales area. Air conditioning/heating unit. Well equipped including counter, EPOS scanning system with 3 tills and back-up computer, modern shelving, magazine display shelving, 2 upright single door drinks display fridges (on loan), photo developing lab etc. 3 stockrooms plus marking up area Staff cloakroom with w.c. and wash hand basin | | | BUSINESS LOCATION: | Undisclosed Northumberland UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £250000 | LEASEHOLD: | £75000 | | | | | | | | | | | BUSINESS DETAILS: | Location Situated in a parade, main road trading position, coastal town, NORTHUMBERLANDOpening Hours Monday - Saturday inclusive - 5.45 a.m. - 6 p.m.
Sunday opening - 6 a.m. - 12.30 p.m.Turnover WE ARE INFORMED the turnover averages 6,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill 2,500 p.w. Gross profit 23% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand that this provides a commission of approx. 250 p.w.Tenure The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of 15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: 2,600 p.a. approx. + water rates
RECOMMENDED FOR EARLY INSPECTIONPrice TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 75,000 plus STOCK AT VALUATION (12,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR PRICE TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 250,000 plus STOCK AT VALUATION (12,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation The spacious living accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of 370 per month. However, we understand that vacant possession can be given on completion, if desired. The accommodation comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted unitsStaff The business is at present operated by the vendor with the assistance of 6 part time staff. 13 morning newsrounds. 2 evening newsrounds. 10 Sunday newsrounds. Delivery charge 8p per day. | | | | | | FOR SALE | | | | | SELLER: | NATIONWIDE BUSINESSES LTD | | CONTACT: | 020 8763 1777 | | REFERENCE: | C7087 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
