Profitable Old Established News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free Off Licence Plus On Line N | | Undisclosed Leicestershire | | Situated in a parade, residential and commercial area, just off a High Street, LEICESTERSHIRE | | ADVERT NUMBER : 38974
ADVERT IMPRESSIONS : 20,908 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £395000 | LEASEHOLD: | £120000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS DOUBLE FRONTED SALES SHOP 600 sq. ft. approx. with tiled floor, fluorescent lighting. Fully equipped including 1 counter, 1 electronic cash register, 4 revolving card display stands (including 2 on loan), 4 double door glass fronted drinks display fridges (2 owned whilst 2 are on loan), modern shelving, ice cream deep freeze (owned) etc.It will be appreciated upon inspection that there is potential to extend the shop into the spacious lounge at rear, if desired.2 Stockrooms (1 with shelving)Location : Situated in a parade, residential and commercial area, just off a High Street, LEICESTERSHIREOpening Hours : Monday - Thursday inclusive - 5 a.m. - 8 p.m.Friday - 5 a.m. - 8.30 p.m.Saturday - 5 a.m. - 8 p.m.Sunday opening - 5 a.m. - 2 p.m.Turnover : WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand that this provides a commission of approx. £110 p.w. The business also has Paypoint and we understand this provides a commission of approx. £30 p.w.Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years. (We are advised the vendors are prepared to consider granting a shorter lease, if required).Uniform Business Rates: Only £650 p.a. approx. (after small business relief)THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 16 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.RECOMMENDED FOR EARLY INSPECTIONPrice : OPEN TO OFFERS TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 or near offer plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTOR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation : The SPACIOUS living accommodation DOUBLE GLAZED with FULL GAS FIRED CENTRAL HEATING and recently refurbished, comprises:First Floor5 Double Bedrooms (including 1 very large)Shower room with shower, w.c. and wash hand basinGround FloorStockrooms (1 external access stockroom)Large LoungeLarge Bathroom with bath, separate cubicle shower, w.c. and wash hand basinVery large spacious Kitchen with fitted unitsOutside : Medium sized clean and tidy garden with paving slabsStaff : The business is at present operated by a husband and wife team. 2 morning newsrounds, 1 evening newsround. Delivery charge 25/50p p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
