Counter News, Confectionery, Tobacco, Slight Convenience Groceries, Full Free Off Licence Plus On Line National Lottery | | Undisclosed Essex | | Situated in a parade, main road trading position, residential area, ESSEX | | ADVERT NUMBER : 46806
ADVERT IMPRESSIONS : 13,272 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £55000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS SINGLE FRONTED SALES SHOP 600 sq. ft. approx. with suspended ceiling. The equipment includes shelving, 1 ice cream deep freeze (owned), 3 upright double door drinks display fridges (2 owned plus 1 on loan from Lucozade), counter, electronic cash register etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Situated in a parade, main road trading position, residential area, ESSEX
Opening Hours : Monday - Saturday inclusive - 7 a.m. - 8 p.m.
Sunday opening - 8 a.m. - 6 p.m.
Turnover : WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £700/£800 p.w. Gross profit 20% 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. £160 p.w. The business also has bus passes and we understand this provides a further income of approx. £250 p.w.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 10½ years unexpired at a rental of £11,000 p.a. exclusive of rates up to June, 2010, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £2,200 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Yard at rear
Staff : The business is at present operated by the vendor with the assistance of his family plus 1 part time staff employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
