Old Established Counter News, Confectionery, Tobacco, Ices, Soft Drinks Slight Convenience Groceries | | Undisclosed West Midlands | | Situated in a parade of shops, main road trading position, residential and student area, not far from University and Hospital, WEST MIDLANDS | | ADVERT NUMBER : 39019
ADVERT IMPRESSIONS : 15,735 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £180000 | LEASEHOLD: | £20000 | | | | | BUSINESS DETAILS: | Features : SINGLE FRONTED MEDIUM SIZED SALES SHOP approx. 12ft frontage x 26ft depth. Recently refurbished and partly refitted. Laminated strip floor, fluorescent lighting. The equipment includes counter, electronic cash register, ice cream deep freeze (owned), 1 upright double door glass fronted display fridge (owned), 1 additional double door drinks display fridge (on loan from Coca Cola), 1 single door drinks display fridge (on loan from Pepsi Cola), shelving etc.Small StockroomStaff w.c. and wash hand basinIn addition there is a cellar suitable for storage purposesLocation : Situated in a parade of shops, main road trading position, residential and student area, not far from University and Hospital, WEST MIDLANDSOpening Hours : Monday - Friday inclusive - 7 a.m. - 7 p.m.Saturday opening - 7 a.m. - 6 p.m.Sunday opening - 11 a.m. - 5 p.m.It will be appreciated upon inspection that there is potential for additional opening hours.Turnover : WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary Licence. Wholesale newsbill £200 p.w. Gross profit 20% approx. In addition the business is agents for Payzone and we understand this provides a further income of approx. £25/£30 p.w. We understand the business also has a Western Union Money Transfer Agency.Tenure : The vendors own the freehold and subject to satisfactory references, are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop with accommodation over at a rental of £13,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. Alternatively should the accommodation not be required, the vendors, subject to satisfactory references, are prepared to grant a new 15 years full repairing and insuring lease in respect of the shop only (excluding the living accommodation) at a rental of £7,800 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND THERE ARE GENUINE REASONS FOR SALE.PERSONALLY INSPECTED AND HIGHLY RECOMMENDEDREDUCED FOR EARLY SALE DUE TO ILL HEALTHPrice : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANTOR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£10,000 approx).SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANTAccommodation : The accommodation comprises:2 Double BedroomsShower room with shower, w.c. and wash hand basinKitchenThe 2 roomed accommodation is at present let to students on a shorthold tenancy and provides a rental income per room of £160 per month plus bills, however, we understand that vacant possession can be given on completion, if required.Outside : Garden at rear, partly paved.It will be appreciated upon inspection that there is potential to extend the shop at rear, subject to the necessary planning permission.Staff : The business is at present operated by a husband and wife team and no staff are employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
