Newsagents | | Southend on Sea Essex | | was sold to our retiring client by this office approx. 13 years ago. Traditional newsagents trading without Lottery, Paypoint or E top ups. Accounts confirm net sales of £227,027 pa, producing gross profits of £63,952 and a very healthy net profit of £41,217. New lease available, rent only £5,000 pa and currently exempt from rates. Excellent opportunity for a younger more enthusiastic owner. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59527
ADVERT IMPRESSIONS : 4,818 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £44950 | ANNUAL RENT: | £5000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Town: NEAR SOUTHEND-ON-SEA
County: Essex
The business trades from a main road position opposite a major supermarket with a densely populated surrounding residential community. The premises provide on-street parking virtually to the front of the shop and are within close proximity to a senior school, which the shop receives custom from.
The Business
The shop has been established for over 50 years and was sold to our retiring client approximately 13 years ago. The business trades as a traditional newsagents without Lottery, Paypoint or E top ups, which there is obvious potential for.
The Premises
Newsagents trading from a lock-up retail premises providing a Sales Area approx. 308 sq. ft. with glazed double frontage, fascia board, equipped to trade with 5 card racks, magazine racking, paper shelf, ice cream freezer, crisp stand, 1 double and 1 single drinks fridges, confectionery display, loose sweet shelving, counter unit, electric cash
register, electric scales, cigarette gantry. Lobby with access to Store Room 13'11 x 6'2 = 87 sq. ft. with wooden racking and shelving. Additional Storage Area with door to exterior and W.C. plus wash hand basin. 1 Allocated Parking Space to the rear.
Trading Hours
Monday to Saturday 4.30 am to 6.30 pm. Sunday 5 am to 5 pm.
Staff
The business is run by the vendor plus 2 part time family members of staff and 10 paper staff.
Turnover
Profit and loss accounts confirm net sales of £227,027 per annum (£4,365 per week), producing gross profits of £63,952 and a very healthy net profit of £41,217.
Tenure
Leasehold - New lease available for a term to be agreed at a current rental of £5,000 per annum exclusive.
Business Rates
The premises have a rateable value of £5,300 payable at .433p in the £, equating to £2,294.90 payable for April 2011/12 and under the small business rate scheme the shop is exempt from paying rates for April 2011/12.
Legal Costs
Each party are to be responsible for their own plus 50% of the landlords legal costs incurred in this transaction.
Summary
A traditional newsagents business that offers further scope for younger more enthusiastic owners looking to modernise the shop. Genuine retirement sale.
Inventory
A detailed inventory of fixtures and fittings will be prepared and supplied at the point of sale. | | | | | | FOR SALE | | | | | REFERENCE: | N4215E / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
