Newsagents Situated On A Busy Main Road In County Durham | | Crook County Durham | | *REDUCED* Traditional and well equipped newsagents with advised weekly turnover of £7,500 a week net of VAT with a weekly newsbill circa £3,000.The property has two bedroom owner's accommodation. Externally is a garage with P/P for change into retail use. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 27721
ADVERT IMPRESSIONS : 17,141 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £210000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | * Traditional and well equipped newsagents
* Established business with good local trade
* Advised weekly turnover circa £7,500 net of VAT
* 2 bedroom owner’s accommodation
* Advised weekly news bill circa £3,000
SITUATION
The business is situated in a prominent location on the edge of Crook town centre. The town of Crook lies approximately 8 miles north east of the historic Durham City Centre. The business benefits from significant local trade being situated in a densely populated residential area as well as having high passing trade.
BUSINESS
Our client has owned and operated the business for the last four years and is now wishing to sell the business in order to emigrate.
The business is a traditional newsagents dealing in newspapers, magazines, confectionery, greeting cards and cold drinks. The shop unit is well equipped with carpeted floors, suspended ceilings, pay point machine, glass chilled servery, large newspapers and magazine racks, card racks, drinks fridge, Slush Puppy machine, confectionery stand, ice cream freezer, tobacco shelving, crisp rack and a job centre plus electronic search machine.
We are advised the business currently has a weekly news bill of approximately £3,000 per week. The current operator believes the business still has potential to introduce an off licence, convenience foods and introduce sandwiches throughout the day.
OWNER’S ACCOMMODATION
On the ground floor to the rear of the shop is a newly fitted kitchen and separate lounge. On the first floor are two double bedrooms with fitted wardrobes and a bathroom.
EXTERNALLY
There is a garage to the side of the property currently used for storage but formally a small cottage. We are advised that there is planning consent to convert this into retail premises.
TRADING HOURS
Monday – Friday 5.00am – 5.30pm
Saturday – 5.00am – 2.00pm
Sunday – 5.00am – 12.30pm
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright with the exception of the slush machine and the Jobcentre Plus Electronic search machine.
STAFF
The business is operated by our client with the assistance of 3 part-time members of staff.
TRADING INFORMATION
We are advised that turnover for the year ended 31st August 2007 was £353,285. Accounts will be made available to any genuine parties who have viewed the business through Moralee & Co.
TENURE
Freehold.
RATES
The rateable value of the premises is £1,550 with the rates payable for 2008/2009 being £682.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above. | | | | | | FOR SALE | | | | | REFERENCE: | 1679 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
