Superb Newly Fitted Counter News, Confectionery, Tobacco, Magazines, Greeting Cards Slight Convenience Groceries, Full Free Off Licence | | Undisclosed Essex | | Situated in an attractive shopping arcade, just off the high street, ESSEX. | | ADVERT NUMBER : 46880
ADVERT IMPRESSIONS : 14,348 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £99500 | | | | | BUSINESS DETAILS: | Features : Large Pay & Display Car Park to the rear of the shopping arcade
IMPRESSIVE DOUBLE FRONTED SALES SHOP with double door, electric shutters. Approx. 700 sq. ft. sales area, recently refurbished and refitted to a very high standard. Carpet tiled floor, suspended ceiling with inset lighting, long counter, electronic cash register, electronic scales, cigarette gantry (on loan), centre display gondolas, 1-3.75m open cool display unit (used for wines, beers and soft drinks), 1 additional 3.75m open cool display unit (used for soft drinks, milk etc), ice cream deep freeze, 3 greeting card display stands with drawers, magazine display shelving, 3 display gondolas. CCTV system with 4 cameras, monitor plus recording etc.
To the rear of the shop is a small stock area plus staff cloakroom with w.c. and wash hand basin.
Location : Situated in an attractive shopping arcade, just off the high street, ESSEX.
Opening Hours : Monday - Saturday inclusive - 8 a.m. - 5 p.m.
Sunday opening - 9 a.m. - 1 p.m.
In our opinion there is tremendous potential for additional opening hours, if desired especially for the sale of wines, beers and spirits.
Turnover : WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £600/£700 p.w. Gross profit 23% approx. In addition the business is agents for Paypoint and Payzone and we understand this provides a commission of £40/£50 p.w.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a rental of £12,750 p.a. plus VAT exclusive of rates for the next 1 years with rent review at that time and thereafter every 5 years. In addition we understand there is a current service charge of £1,702 p.a. + VAT.
Uniform Business Rates: £5,500 p.a. approx.
OUTSTANDING OPPORTUNITY TO ACQUIRE A QUALITY WELL FITTED COUNTER NEWS, CONFECTIONERY, TOBACCO WITH FULL FREE OFF LICENCE IN THIS EXCELLENT TRADING POSITION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Rear unloading bay with parking space for 1 car
Staff : The business is at present operated by the vendor with the assistance of 2 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
