Profitable Mainly Counter News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries | | Undisclosed Essex | | Situated in a parade, main road trading position, residential area with schools nearby, ESSEX | | ADVERT NUMBER : 38948
ADVERT IMPRESSIONS : 14,210 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £85000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS DOUBLE FRONTED SALES SHOP 700 sq. ft. approx. with lino floor, suspended ceiling with fluorescent lighting. The equipment includes counter, electronic cash register, 2 upright double door glass fronted drinks display fridges (including 1 on loan), 1 single door glass fronted drinks display fridge (on loan), modern shelving, 7 greeting card display stands with drawers etc.StockroomStaff cloakroom with w.c. and wash hand basin Kitchen areaLocation : Situated in a parade, main road trading position, residential area with schools nearby, ESSEXOpening Hours : Monday - Saturday inclusive - 5.30 a.m. - 6 p.m.Sunday opening - 5.30 a.m. - 2 p.m.Turnover : WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,500 p.w. Gross profit 22% approx. In addition the business has Paypoint.Tenure : We understand the premises are held on a secure renewable lease, the present lease expiring in September, 2010 at a rental of £18,000 p.a. exclusive of rates. We understand the landlord will consider a surrender of the existing lease and the granting of a new longer lease, at terms and rent to be agreed.Uniform Business Rates: £1,200 p.a. approx. (after small business relief)RECOMMENDED FOR EARLY INSPECTIONPrice : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION £15,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation : The living accommodation over, which does require refurbishment, comprises:2 Bedrooms (1 double, 1 small double)Space for bathroomLoungeKitchen (needs fitting)Outside : Yard at rear with parking space for 2 carsStaff : The business is at present operated by a husband and wife team with the assistance of their son on a part time basis plus 1 part time staff. As stated the business is mainly counter news, however, 1 small delivery round is undertaken. Delivery charge £1.25 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
