Old Established Mainly Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Full Free Off Licence, On Line National Lottery Plus Pa | | Undisclosed Dorset | | Outstanding opportunity to acquire an old established Newsagents which in our opinion has tremendous potential for further development in the right hands. SINGLE FRONTED SALES SHOP approx. 700 sq. ft. sales area. In our opinion the shop would benefit tremendously from being refitted. Carpet tiled floor. Counter, 2 electric cash registers, 2 greeting card display stands with gift wrapping paper section, large magazine display shelving, cigarette gantry (on loan), 3 upright glass fronted drinks display fridges, ice cream deep freeze. Small rear office/storeroom Staff w.c. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 26077
ADVERT IMPRESSIONS : 43,568 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £110000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location Situated in a parade, excellent High Street trading position, DORSETOpening Hours Monday - Saturday inclusive - 5.30 a.m. - 6 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7 p.m. for the sale of on line national lottery tickets
Sunday opening - 6 a.m. - 4 p.m.Turnover WE ARE INFORMED the turnover averages £12,000 p.w. Wholesale newsbill £2,000 p.w. Minimum winter turnover £9,000/£10,000 p.w. inreasing in the summer months to £1,5000 p.w. We are further advised that the vendor receives a commission of approx. £300 p.w. from the sale of on line national lottery tickets plus scratchcards. In addition we understand there is a further commission of approx. £60,000 p.w. in respect of Paypoint. We are further advised that the sales year ending 31st August, 2007 showed £819,548 (including approx. £300 p.a. in respect of on line national lottery tickets plus scratchcard sales) with a gross profit shown of £101,930.Tenure We understand the premises are held on a secure renewable lease, the present lease having approximately 8 years unexpired at a rental of £27,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £8,000 p.a. approx.
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 14 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATEDPrice OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £110,000 plus STOCK AT VALUATION (£12,000/£14,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation The accommodation in the form of a SELF CONTAINED FLAT on 2 floors over is at present let on a shorthold tenancy and provides a rental income of £450 per month, however, we understand that vacant possession can be given on completion if required. The accommodation comprises:
2 Bedrooms (1 double, 1 small double)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen with fitted unitsOutside Yard at rearStaff The business is at present operated by the vendor with the assistance of 2 full time and 4 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. We understand the vendor undertakes 1 delivery round to local businesses within walking distance and involving ½ hour work. | | | | | | FOR SALE | | | | | REFERENCE: | C7227 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
