Old Established News, Confectionery, Tobacco, Convenience Groceries, Full Free Off Licence, On Line National Lottery Plus Oyster Cards | | Undisclosed Essex | | Situated in a parade, residential area ESSEX | | ADVERT NUMBER : 46910
ADVERT IMPRESSIONS : 15,766 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £79500 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED MEDIUM SIZED SALES SHOP with fluorescent lighting and well equipped including counter, 1-3.75m open cool display unit, ice cream deep freeze (owned), shelving, 1 greeting card display stand etc.
Stockroom
Cellar
Location : Situated in a parade, residential area ESSEX
Opening Hours : Monday - Saturday inclusive - 6 a.m. - 7.30 p.m.
Sunday opening - 10 a.m. - 6 p.m.
Turnover : WE ARE INFORMED the turover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £800/£1,000 p.w. Gross profit 18/20% approx. In addition the business is agents for on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £180 p.w. The business also has Oyster Cards and we understand this provides a further commission of approx. £150 p.w.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £1,400 p.a. (after small business relief)
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION (£15,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Ground Floor
Kitchen/Dining Room
Utility Room
Shower room with shower, w.c. and wash hand basin
Outside : Yard at rear plus garage
Staff : The business is at present operated by the vendor with the assistance of her son. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
