Profitable Well Established Lock-up Counter News, Confectionery, Tobacco, Greeting Cards, Stationery | | Undisclosed Dorset | | Situated in a parade, residential area, DORSET | | ADVERT NUMBER : 63279
ADVERT IMPRESSIONS : 12,974 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £35000 | | | | | BUSINESS DETAILS: | Features : Free Parking in front of parade (restricted to 30 minutes during the day)
SPACIOUS DOUBLE FRONTED SALES SHOP approx. 4m wide x 17.5m depth. Fluorescent lighting. The equipment includes 5 greeting card display stands with drawers under, 2 greeting card display spinners (owned), double door glass fronted drinks display fridge (owned), ice cream deep freeze (owned), counter, cigarette gantry, 2 electric cash registers, electronic scales (on hire), modern shelving etc.
Stockroom
Staff w.c. and wash hand basin
Location : Situated in a parade, residential area, DORSET
Opening Hours : Monday & Tuesday - 6.30 a.m. - 5.30 p.m.
Wednesday - 6.30 a.m. - 6 p.m.
Thursday - halfday opening from 6.30 a.m. - 1 p.m.
Friday - 6.30 a.m. - 5.30 p.m.
Saturday - 6.30 a.m. - 7 p.m.
Sunday - 6.30 a.m. - 1 p.m.
Turnover : WE ARE INFORMED the turnover averages £4,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours and indeed with the introduction of the sale of wines, beers and spirits, subject obviously to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £800 p.w. Gross profit in the region of 25%. The business is also agents for the sale of on line national lottery tickets and scratch cards and we understand this provides a commission in the region of £200 p.w. We are further advised that the sales year ending March, 2010 showed £249,920 with a gross profit of £65,973 plus commission received of £11,787 providing an overall gross profit of £77,760 and a net profit of £36,729.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of £14,000 p.a. exclusive of rates for the next 5 years, with rent review at that time and thereafter every 5 years.
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £35,000 plus STOCK AT VALUATION (£16,000/£18,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : Car Park at rear of parade with 3 parking spaces allocated to this business
Staff : The business is at present operated by a husband and wife team with the assistance of 4 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
