Profitable Semi-detached News, Confectionery, Tobacco, Full Free Off Licence (licence Granted In March, 2009) Plus On Line National Lottery. | | Undisclosed Oxfordshire | | Residential area close to primary and secondary schools, OXFORDSHIRE | | ADVERT NUMBER : 46877
ADVERT IMPRESSIONS : 18,107 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £93500 | | | | | BUSINESS DETAILS: | Features : Front area with parking space for 4 cars
SINGLE FRONTED MEDIUM SIZED SALES SHOP with tiled floor. Fully equipped including counter, electronic cash register, shelving, 2 greeting card display stands with drawers, new ice cream deep freeze (owned), 1 upright double door drinks display fridge (under a leasing agreement and we understand will be owned in approx. 3 years. Used for soft drinks), 1 upright single door drinks display fridge (owned and used for beers), in addition there is an upright single door drinks display fridge (not used at present), electronic scales etc.
Storeroom plus additional small storeroom
Staff cloakroom with w.c. and wash hand basin
Location : Residential area close to primary and secondary schools, OXFORDSHIRE
Opening Hours : Monday - Friday inclusive - 6 a.m. - 5 p.m.
With the exception of Wednesday when the business remains open until 6.30 p.m.
Saturday opening - 6 a.m. - 3 p.m.
Sunday opening - 6.30 a.m. - 12 noon only
Turnover : WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of groceries and indeed expanding the sale of wines, beers and spirits. Wholesale newsbill £3,500 p.w. We are advised the gross profit is in the region of 30%. The business is also agents for the sale of on line national lottery tickets plus scratchcards and we understand that the current turnover is in the region of £1,300 p.w. providing a commission of approx. £65 p.w.
Tenure : We understand the premises are held on a secure renewable lease for a period of 20 years from August, 2009 at a rental of £12,000 p.a. exclusive of rates up to August, 2011, increasing at that time to £14,000 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
Uniform Business Rates: £548.84 p.a. (after small business relief)
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £93,500 plus STOCK AT VALUATION (£15,000 approx. plus news accounts in the region of £8,000).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of SELF CONTAINED FLAT over, DOUBLE GLAZED, is at present let on a shorthold tenancy and provides a rental income of £600 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation comprises:
2 Double Bedrooms each approx. 12 sq metres
Bathroom with bath, w.c. and wash hand basin
Lounge approx. 14 sq. metres
Kitchen with fitted units
Outside : Medium sized garden
Staff : The business is at present operated by a husband and wife team with the assistance of 1 part time staff. 17 morning newsboys. Delivery charge £1.35/£5 p.w. (we understand the averages delivery chage is in the region of £2 p.w). | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
