Profitable News, Confectionery, Tobacco, Greeting Cards, Ices, Soft Drinks Slight Convenience Groceries | | Undisclosed Essex | | Situated in a parade, excellent trading position, opposite tube station, ESSEX | | ADVERT NUMBER : 39014
ADVERT IMPRESSIONS : 15,349 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £160000 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED MEDIUM SIZED SALES SHOP with suspended ceiling, concealed lighting. 1 large greeting card display section with drawers under, counter, electronic cash register, 1 upright double door drinks display fridge (owned), 1 upright single door drinks display fridge (owned), ice cream deep freeze, modern adjustable shelving.Large stockroom at rear with shelvingIt will be appreciated upon inspection that the shop could be enlarged into the stockroom, if desired.Staff cloakroom with w.c. and wash hand basinLocation : Situated in a parade, excellent trading position, opposite tube station, ESSEXOpening Hours : Monday - Saturday inclusive - 5 a.m. - 7.30 p.m.Sunday opening - 5 a.m. - 2 p.m.Turnover : WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering tremendous potential to increase in the right hands. Wholesale newsbill £3,000 p.w. Gross profit 22% approx. In addition the business is agents for the sale of online national lottery tickets plus scratchcards and we understand this provides a commission of approx. £140 p.w. The business is also agents to bus passes and we understand this provides a further commission of approx. £150 p.w. The business also has Western Union and we understand this provides a further commission of £400 per month.Tenure : We understand the premises are held on a secure renewable lease, the present lease having 19 years unexpired from November, 2009 at a rental of £18,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 5 years.Uniform Business Rates: £3,000 p.a. approx.RECOMMENDED FOR EARLY INSPECTIONPrice : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation : The accommodation in the form of a SELF CONTAINED FLAT over with FULL GAS FIRED CENTRAL HEATING, comprises:2 Double BedroomsBathroom with bath, w.c. and wash hand basinKitchen with fitted unitsOutside : Yard at rear with parking space for 2 carsStaff : The business is at present operated under management. Staff employed 1 full time manager and wife plus 1 full time staff. 14 newsrounds. Delivery charge £1.50 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
