Attractive Brickbuilt News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Soft Drinks | | Undisclosed Warwickshire | | Situated in a terrace, sought after residential and tourist area, WARWICKSHIRE | | ADVERT NUMBER : 38983
ADVERT IMPRESSIONS : 20,757 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £69500 | | | | | BUSINESS DETAILS: | Features : ATTRACTIVE DOUBLE FRONTED SALES SHOP approx. 500 sq. ft. sales area. Flagstone floor, fluorescent lighting. Well equipped including counter, till with EPOS scanning system, shelving, 2 ice cream deep freezes (owned), 1 single door drinks display fridge, 2 double door drinks display fridges (1 owned whilst the other is on loan from Lucozade), 2 revolving card display stands (owned), 1 greeting card display stand with drawers etc.Stockroom with shelvingStaff cloakroom with w.c. and wash hand basinLocation : Situated in a terrace, sought after residential and tourist area, WARWICKSHIREOpening Hours : Monday - Friday inclusive - 5.30 a.m. - 5.30 p.m.Saturday opening - 5.30 a.m. - 1 p.m.Sunday opening - 5.30 a.m. - 12.30 p.m.Turnover : WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. The business is situated in an expanding area and we understand that planning permission has recently been granted for an additional 120 houses to be built in the village. Wholesale newsbill £2,000 p.w. Gross profit 23% approx. We are further advised that the sales year ending March, 2009 showed £243,961 inclusive of VAT.Tenure : We understand the premises are held on a lease having 9 years unexpired from March, 2009 at a rental of £9,750 p.a. exclusive of rates, due for rent revision and we understand the landlords have requested the rent be increased to £10,500 p.a. exclusive of rates for the next 3 years, however, we further understand that this is still under negotiation. We further understand that the landlord is prepared to accept a surrender of the existing lease and the granting of a new longer lease at terms and rent to be agreed.THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.RECOMMENDED FOR EARLY INSPECTIONPrice : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION (£10,000/£12,000 approx. plus book debts)SUBSTANTIAL LOAN TO AN APPROVED APPLICANTStaff : The business is at present operated by a husband and wife team with the assistance of 2 part time staff. 8 morning newsrounds undertaken in the village plus 3 further country rounds. Sunday 7 morning newsrounds in the village plus 3 country rounds. Delivery charge £1.35 p.w. in respect of the village area increasing to a maximum charge of £2.17 p.w. in respect of the country rounds. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
