Profitable Counter News, Confectionery, Tobacco, Convenience Groceries, Full Free Off Licence With Sub Post Office | | Undisclosed West Midlands | | Situated end of parade, corner position, busy road, residential area, WEST MIDLANDS | | ADVERT NUMBER : 53325
ADVERT IMPRESSIONS : 11,293 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £95000 | | | | | BUSINESS DETAILS: | Features : Sales area in the region of 500 sq. ft. with tiled floor, suspended ceiling with concealed lighting and fully equipped including modern adjustable shelving, centre display gondola, magazine display shelving, 1 open cool display unit (for soft drinks and beers), 2 upright glass fronted drinks display fridges (on loan), 1 upright double door drinks display fridge (on loan), counter, EPOS scanning system with till. Post Office counter with anti-bandit screen (2 positions plus parcel hatch).
Stockroom
Staff w.c.
Location : Situated end of parade, corner position, busy road, residential area, WEST MIDLANDS
Opening Hours : Monday - Saturday inclusive - 6.30 a.m. - 7.30 p.m.
Sunday opening - 7 a.m. - 1 p.m.
(It should be noted that the sub post office section operates Monday - Friday inclusive - 9 a.m. - 5.30 p.m. with the exception of Monday & Thursday when the sub post office section opens at 8.45 a.m. Saturday opening - 9 a.m. - 12.30 p.m).
Turnover : WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450 p.w. Gross profit 20% approx. In addition the business is agents for bus passes and we understand this provides a commission of approx. £25 p.w. Also in addition the business sells phone top-ups and we understand this provides a further commission of approx. £60 p.w. Post Office salary £30,000 p.a. approx. (including commission in respect of the sale of on line national lottery tickets plus scratch cards).
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £7,875 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £950 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by the vendor with the assistance of 4 part time staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
