Profitable Old Established News, Confectionery, Tobacco, Convenience Groceries | | Undisclosed West Midlands | | Situated in a parade, main road trading position, residential area, WEST MIDLANDS. | | ADVERT NUMBER : 39010
ADVERT IMPRESSIONS : 15,251 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £29500 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED MEDIUM SIZED SALES SHOP (could be enlarged at rear), tiled floor, fluorescent lighting. The equipment includes electric cash register, 1 double door glass fronted display fridge (on loan from Coca Cola), 2 single door glass fronted display fridges (both owned and 1 used for soft drinks plus 1 for dairy produce), ice cream deep freeze, 3 greeting cards display stands with drawers under.Staff cloakroom with w.c. and wash hand basinLocation : Situated in a parade, main road trading position, residential area, WEST MIDLANDS.Opening Hours : Monday - Saturday inclusive - 6 a.m. - 7 p.m.Sunday opening - 6 a.m. - 2 p.m.Turnover : WE ARE INFORMED the turnover averages £3,000 p.w. in our opinion offering tremendous potential for further increase in the right hands and with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary off licence. Wholesale newsbill £950 p.w. Gross profit 25% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £100 p.w.Tenure : The landlord, subject to satisfactory references, is prepared to grant a new 12 years full repairing and insuring lease at a rental of £8,000 p.a. exclusive of rates for the first 1 year, increasing at that time to £8,300 for the following year and further increasing for the 3rd year to £8,600 p.a. exclusive of rates, with rent review at the end of the 3rd year and thereafter every 3 years. (The landlord is quite prepared to grant a shorter lease by negotiation, if desired). Uniform Business Rates: £700 p.a. approx.THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND THERE ARE GENUINE REASONS FOR SALE.RECOMMENDED FOR EARLY INSPECTIONPrice : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION (£5,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation : The accommodation comprises:3 Bedrooms (2 doubles, 1 single)Bathroom with bath, w.c. and wash hand basinLounge/Dining RoomLarge KitchenOutside : Yard at rear. Large Garage.Staff : The business is at present operated by a husband and wife team and no staff are employed. 2 morning newsrounds. 4 evening newsrounds. Delivery charge 50p/£1 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
