Profitable Old Established News, Confectionery, Tobacco, Greeting Cards, Stationery, Ices, Soft Drinks | | Undisclosed Essex | | End of terrace, excellent main road trading position, ESSEX TOWN. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60681
ADVERT IMPRESSIONS : 8,110 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £340000 | LEASEHOLD: | £140000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : SINGLE FRONTED SALES SHOP main sales area in the region of 276 sq. ft. with a rear sales area of approx. 129 sq. ft. laminated strip floor. The equipment includes glass fronted counter, cigarette gantry (on loan), single door drinks display fridge (owned), upright double door glass fronted drinks display fridge (owned), ice cream deep freeze (owned), slats to walls, magazine display shelving, large greeting card display section, modern shelving etc.
Stairs to first floor. Shop stock storage area comprising:
Storeroom 1 - 10' x 10' 9
Storeroom 2 - 11' 2 x 12' 7 with window to front elevation
Staff cloakroom including w.c. wash hand basin
Staffroom 11' 7 x 5' 10 with stainless steel sink unit/cupboard
Location : End of terrace, excellent main road trading position, ESSEX TOWN.
Opening Hours : Monday - Saturday inclusive - 5 a.m. - 5.30 p.m.
Sunday opening - 5 a.m. - 1.30 p.m.
Turnover : WE ARE INFORMED the turnover averages £6,750 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £4,000 p.w. Gross profit 30% approx. We are further advised that the trading and profit and loss accounts for the period 1st May, 2009 to the 30th April, 2010 showed sales of £326,364 with a gross profit of £115,593 and a net profit of £51,876.
Tenure : The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
Uniform Buiness Rates: £1,334 p.a. approx. + water rates
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED NEWSAGENTS IN THIS SOUGHT AFTER LOCALITY. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE, ESPECIALLY AS WE ARE ADVISED THAT APPROXIMATELY 450 HOUSES ARE BEING BUILT IN THE LOCAL AREA.
IT WILL ALSO BE APPRECIATED UPON INSPECTION THAT THE FIRST FLOOR ROOMS COULD, IF DESIRED, BE CONVERTED INTO SMALL LIVING ACCOMMODATION.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £340,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Outside : Garage plus parking space for 1 car
Staff : At present operated by a lady vendor with the assistance of a relative on a part time basis. 13 newsrounds in the local area plus 3 additional newsrounds undertaken by drivers to additional village locations plus a local business park. Delivery charge from £1.20 p.w. to a maximum of £3.50 p.w. | | | | | | FOR SALE | | | | | REFERENCE: | C7653 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
