Profitable Semi-detached Village News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries Plus On Line National Lottery | | Undisclosed Norfolk | | Sought after residential village, NORFOLK | | ADVERT NUMBER : 60567
ADVERT IMPRESSIONS : 11,861 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £295000 | LEASEHOLD: | £69500 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a profitable newsagents in this sought after locality. We understand the property underwent extensive refurbishing and moderising 15 years ago and has full gas fired central heating.
ATTRACTIVE DOUBLE FRONTED SALES SHOP in the region of 350 sq. ft. sales area with ceramic tiled floor, suspended ceiling with concealed lighting, air conditioning. Counter, EPOS scanning system with till plus computer system for news accounts, glass topped chest display deep freeze (used for frozen foods), 2-2m open cool display units (1 owned whilst the other is on loan from Coca Cola), large glass topped ice cream deep freeze (on loan from Walls), news display stand, magazine display shelving, centre display gondola, cigarette gantry (on loan).
Rear room used for the marking up on newspapers
In addition stockroom with shelving, sink chest deep freeze
Staff cloakroom with w.c. and wash hand basin
Location : Sought after residential village, NORFOLK
Opening Hours : Monday - Saturday inclusive - 6.30 a.m. - 5 p.m.
Sunday opening - 6.30 a.m. - 12 noon
Turnover : WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £3,000 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 understand this provides a commission of approx. £80 p.w. The business also has Payzone and we understand this provides an additional commission of approx. £18/£20 p.w. We are further advised that the sales year ending September, 2010 showed £319,614 net of VAT.
Tenure : The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: Nil payable at present after full relief
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 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 £69,500, no offers, plus STOCK AT VALUATION (£10,000 approx. + news accounts).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £295,000, no offers, plus STOCK AT VALUATION (£10,000 approx. + news accounts)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED in GOOD CONDITION and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Half tiled bathroom with bath, shower over bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen
Outside : Medium sized garden with lawn
Staff : The business is at present operated by the vendor (5 days per week) plus 1 part time staff (2 days per week). In addition there are 15 morning newsrounds. Delivery charge £1 p.w. village area increasing to £1.20 p.w. for deliveries to Hunstanton (approx. 3 miles away). | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
