Profitable Old Established Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Toys Slight Convenience Groceries, Full Free Off Licence | | Undisclosed Hampshire | | Situated in a parade, sought after residential area approx. ½ mile from the sea front HAMPSHIRE | | ADVERT NUMBER : 39015
ADVERT IMPRESSIONS : 24,327 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £145000 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a profitable Counter Newsagents which has been in the same hands for the past 24 years and is now solely offered for sale due to the vendors retirement.SPACIOUS SALES SHOP in the region of 900/1,000 sq. ft. sales area. Refitted approx. 9 years ago. Air conditioning. Carpet tiled floor, modern adjustable shelving, 2 greeting card display stands with drawers, 1 revolving card stand, open dairy display unit, 1 double door drinks display fridge (on loan from Coca Cola), 1 single door drinks display fridge (on loan from Lucozade), 1 sliding double door drinks display fridge (owned), 1 single door drinks display fridge (owned and used for beers), counter, tills with EPOS scanning system. CCTV system with 3 cameras, 1 monitor plus 1 recording.Stockroom at rearTobacco StoreStaff cloakroom with w.c. and wash hand basinKitchen areaLocation : Situated in a parade, sought after residential area approx. ½ mile from the sea front HAMPSHIREOpening Hours : Monday - Saturday inclusive - 6.30 a.m. - 8 p.m.Sunday opening - 6.30 a.m. - 6 p.m.Turnover : WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of newspaper deliveries, if desired. Wholesale newsbill £2,500 p.w. Gross profit 20/21% 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 approx. £320 p.w. We further understand the business is also agents for paypoint and this provides a further commission of approx. £200 per monthTenure : We understand the premises are held on a secure renewable lease for a period of 10 years from April, 2009 at a rental of £17,500 p.a. exclusive of rates up to April, 2014, with rent to be agreed thereafter. AS STATED THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 24 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDMUST BE SEEN TO BE FULLY APPRECIATEDPrice : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION (£30,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation : The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £400 per month, however, we understand that vacant possession can be given on completion. The accommodation comprises:2 Double BedroomsBathroom with bath, w.c. and wash hand basinLounge/Dining RoomKitchenOutside : Small garden plus parking space for 2 cars. In addition there is parking at side of shop for an additional 3 cars.Staff : The business is at present operated by a husband and wife team on a part time basis with the assistance of 1 full time manageress plus 6 part time staff and 1 Saturday girl. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
