Profitable Old Established Lock-up News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free Off Licence Plus O | | Undisclosed Leicestershire | | Situated in a parade, residential and commercial area, LEICESTERSHIRE | | ADVERT NUMBER : 46906
ADVERT IMPRESSIONS : 18,190 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £125000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS DOUBLE FRONTED SALES SHOP 500 sq. ft. approx. with tiled floor, fluorescent lighting. Fully equipped including 1 counter, 1 electronic cash register, 4 revolving card display stands (including 2 on loan), 4 double door glass fronted drinks display fridges (2 owned whilst 2 are on loan, modern shelving, ice cream deep freeze (owned), etc.
Storeroom
Kitchen/office
Location : Situated in a parade, residential and commercial area, LEICESTERSHIRE
Opening Hours : Monday - Thursday inclusive - 5 a.m. - 8 p.m.
Friday - 5 a.m. - 8.30 p.m.
Saturday - 5 a.m. - 8 p.m.
Sunday opening - 5 a.m. - 2 p.m.
Turnover : WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 22% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we undersand that this provides a commission of approx. £110 p.w. The business also has Paypoint and we understand this provides a commission of approx, £30 p.w.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 20 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 4 years, with ernt review at that time and thereafter every 4 years. (We are advised the vendors are prepared to consider granting a shorter lease, if required).
Uniform Business Rates: £650 p.a. approx. (after small business relief)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 17 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by a husband and wife team. 2 morning newsrounds, 1 evening newsround. Delivery charge 25/50 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
