Profitable News, Confectionery, Tobacco, Greeting Cards, Convenience Groceries, Full Free Off Licence Plus On Line National Lottery | | Undisclosed Lincolnshire | | Situated mid terrace, densely populated residential area, LINCOLNSHIRE | | ADVERT NUMBER : 60670
ADVERT IMPRESSIONS : 18,420 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £135000 | | | | | BUSINESS DETAILS: | Features : SPACIOUS SALES SHOP in the region of 800 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting and well fitted including counter, 2 tills both with scanning, 2 glass topped chest deep freezes (used for ice cream), modern adjustable shelving, 6 double door glass fronted display fridges (2 used for beers, 3 for soft drinks plus 1 for dairy produce) etc.
Stockroom with shelving
Staff cloakroom with w.c. and wash hand basin
Location : Situated mid terrace, densely populated residential area, LINCOLNSHIRE
Opening Hours : 5 a.m. - 9 p.m. seven days per week
Turnover : WE ARE INFORMED the turnover averages £12,000/£12,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,300/£1,400 p.w. Gross profit 20% 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 approximately £240 p.w. The business also Paypoint and we understand this provides a further commission of approximately £30 p.w. The business also has an ATM machine which we understand provides a further revenue of approximately £350 per month.
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 £15,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £1,100 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted Kitchen
Outside : Yard at rear
Staff : The business is at present operated by a husband and wife team with the assistance of 1 full time and 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
