Old Established Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Magazines Slight Convenience Groceries, Full Free Off Licence | | Undisclosed Essex | | Situated in a parade, excellent trading position, close to Argos, town centre ESSEX | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46832
ADVERT IMPRESSIONS : 14,122 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £74000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : This attractive property we understand was built in 1630 and is situated in a Conservation area. In our opinion the business offers tremendous potential for further increase, especially with being converted into a Convenience Store type operation and with additional opening hours. Also in our opinion there is terrific potential for the undertaking of delivery of newspapers, if desired.
SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 800 sq. ft. sales area with beams to ceiling. The shop has a carpet tiled floor. Long counter with electronic cash register, 8 greeting card display stands with drawers, 1 upright double door drinks display fridge (on loan from Coca Cola), 1 additional upright double door drinks display fridge plus 1 upright single door drinks display fridge (both owned), ice cream deep freeze (owned), shelving, display stands, cigarette gantry, magazine display shelving etc.
To the rear of the shop are 2 large stockrooms, in our opinion it would be possible to extend the sales area into the rear of the shop to create an additional sales area.
Location : Situated in a parade, excellent trading position, close to Argos, town centre ESSEX
Opening Hours : Monday - Saturday inclusive - 7.15 a.m. - 5.30 p.m.
Sunday opening - 8 a.m. - 12 noon only
It will be appreciated upon inspection that there is tremendous potential for additional opening hours.
Turnover : WE ARE INFORMED the turnover averages £5,000/£5,500 p.w. in our opinion offering tremendous potential for further increase especially if the business was converted into a Convenience Store type operation with additional grocery lines and indeed a larger display of wines, beers and spirits. Wholesale newsbill £850 p.w. In addition the business is agents for the sale of on line national lottery tickets plus Paypoint and we understand this provides a commission year ending April, 2009 of £15,144. We are further advised that the sales year ending 5th April, 2009 showed £259,336 including commission of £15,144 with an overall gross profit of £45,349.
Tenure : We understand the premises are held on a new 10 years full repairing and insuring lease at a rental of £18,250 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. We understand the new lease contains the right on the tenants side only for the tenant to terminate the lease with 6 months notice at each 3 years rent review. We further understand that the landlords will require a 6 months rent deposit.
Uniform Business Rates: £6,500 p.a. approx.
THIS ATTRACTIVE OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 5 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S ILL HEALTH.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £74,000 plus STOCK AT VALUATION (£12,000/£15,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS accommodation with FULL GAS FIRED CENTRAL HEATING and BEAMS to ceiling, comprises:
First Floor
Large Lounge
Large Kitchen
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Stairs to Second Floor
2 additional large Double Bedrooms (these 2 rooms require a certain amount of refurbishment and redecoration as they have not been utilized for a number of years).
Outside : Rear parking space for 1 car
Staff : The business is at present operated by a husband and wife team and no staff are employed.
The present owner delivers papers to 5 local offices each day and in our opinion there is tremendous potential for undertaking deliveries in the area, if desired. | | | | | | FOR SALE | | | | | REFERENCE: | C7471 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
