Old Established Freehold News, Confectionery, Tobacco, Greeting Cards, Stationery, Books, Ices, Soft Drinks Plus On Line National Lottery | | Undisclosed Isle of Wight | | Situated in a parade, excellent main road trading position sought after town, ISLE OF WIGHT. | | ADVERT NUMBER : 38978
ADVERT IMPRESSIONS : 18,978 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £495000 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a quality Newsagents which has been in the same family since 1931 and in fact operated by the present owner since 1966, now offered for sale solely due to retirement.IMPRESSIVE & SPACIOUS SALES SHOP approx. 800 ft. sales area, 2 display windows, double door, carpet tiled floor. Well equipped including 4 greeting card display stands with drawers, counter, 2 electronic cash registers, 1 upright single door drinks display fridge (owned), ice cream deep freeze, magazine display shelving etc.Stockroom at rear OfficeKitchenStaff cloakroom with w.c. and wash hand basinLocation : Situated in a parade, excellent main road trading position sought after town, ISLE OF WIGHT.Opening Hours : Monday & Tuesday - 6 a.m. - 6 p.m.Wednesday - 6 a.m. - 7 p.m.Thursday & Friday - 6 a.m. - 6 p.m.Saturday - 6 a.m. - 7 p.m.Sunday - 6 a.m. - 2 p.m. It will be appreciated upon inspection that there is potential for additional opening hours, especially during the summer months.Turnover : WE ARE INFORMED the the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £2,300/£2,400 p.w. Gross profit 30% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approximately £200 p.w. We are further advised that the sales year ending 31st December, 2007 showed £402,995 net of VAT with a gross profit of £132,641 plus lottery commission of £10,492 providing a total gross profit of £143,133. We are further advised that the sales year ending December, 2008 showed in the region of £430,000 net of VAT.Tenure : Uniform Business Rates: £7,275 p.a. approx. + water ratesAS STATED THIS QUALITY NEWSAGENTS HAS BEEN IN THE SAME FAMILY SINCE 1931 AND IS NOW SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDMUST BE SEEN TO BE FULLY APPRECIATEDPrice : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY TO INCLUDE THE SELF CONTAINED FLAT OVER, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAlternatively the vendor is prepared to sell the FREEHOLD SHOP WITH THE BUSINESS (excluding the Flat over). PRICE REQUIRE FOR THE FREEHOLD SHOP PREMISES, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATIONSUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation : The ATTRACTIVE living accommodation in the form of a SELF CONTAINED FLAT over, FULLY DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:2 Double BedroomsBathroom with bath, w.c. and wash hand basinLarge LoungeFitted KitchenStaff : The business is at present operated by a husband and wife team with the assistance of 1 full time and 2 part time staff. 14 morning newsrounds. Delivery charge £1.80 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
