Well Established News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries | | Undisclosed Surrey | | Situated in a small parade, busy road, sought after residential area, SURREY | | ADVERT NUMBER : 60938
ADVERT IMPRESSIONS : 9,588 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £97500 | | | | | BUSINESS DETAILS: | Features : This well established business has been in the same family for approximately 40 years and in the present hands for the past 26 years and there are genuine reasons for sale.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP in the region of 400 sq. ft. sales area with carpet tiled floor, suspended ceiling with inset lighting, centre display gondola, magazine display shelving, ice cream deep freeze, 4 greeting card display stands with drawers, 8 revolving card display stands (including 2 on loan), photocopier, 1 upright sliding double door glass fronted display fridge (owned), 1 additional double door glass fronted display fridge (owned), 1 upright single door glass fronted display fridge.
Rear stockroom
It will be appreciated upon inspection that there is potential to extend the shop into rear stockroom at rear.
Location : Situated in a small parade, busy road, sought after residential area, SURREY
Opening Hours : Monday - Friday inclusive - 6.45 a.m. - 6 p.m.
Saturday opening - 7.30 a.m. - 6 p.m.
Sunday opening - 7.30 a.m. - 1 p.m.
Turnover : WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence and indeed with additional opening hours. Wholesale newsbill £2,000 p.w. Gross profit 23% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we undersand this provides a commission of approximately £90 p.w. The business is also agents for the sale of Oyster and we understand this provides a turnover of approximately £200.
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 £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £2,002 p.a.
OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED NEWS, CONFECTIONERY, TOBACCO BUSINESS IN THIS SOUGHT AFTER LOCATION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT, ESPECIALLY WITH THE INTRODUCTION OF ADDITIONAL HOURS AND THE SALE OF WINES, BEERS & SPIRITS, SUBJECT TO OBTAINING THE NECESSARY LICENCE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £97,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Staff toilet
Staff : The business is at present operated by a husband and wife team with the assistance of 1 part time lady. 9 morning newsrounds. Delivery charge £1.90 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
