Well Established News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries | | Undisclosed Essex | | Situated in a parade, residential area, opposite school, ESSEX | | ADVERT NUMBER : 63311
ADVERT IMPRESSIONS : 10,989 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £59500 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED MEDIUM SIZED SALES SHOP with lino floor, fluorescent lighting and fully equipped including counter, electronic cash register, 2 upright glass fronted drinks display fridges (1 on loan from Coca Cola whilst the othe is on loan from Lucozade), modern shelving, ice cream deep freeze (on loan), photocopier etc.
Stockroom with shelving
It will be appreciated upon inspection that the shop could be extended at rear, if desired.
Staff w.c. and wash hand basin
Location : Situated in a parade, residential area, opposite school, ESSEX
Opening Hours : Monday & Tuesday - 6 a.m. - 7 p.m.
Wednesday - 6 a.m. - 7.30 p.m.
Thursday - 6 a.m. - 7 p.m.
Friday & Saturday - 6 a.m. - 7.30 p.m.
Sunday - 6 a.m. - 4 p.m. only
Turnover : WE ARE INFORMED the turnover averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £900 p.w. Gross profit 24% approx. In addition the business sells on line national lottery tickets plus scratch cards and we understand this provides an additional revenue of approximately £100 p.w. In addition there is an Oyster machine which we understand provides a further revenue of approximately £30 p.w. Also in addition the business has Paypoint and we understand this provides a commission of approximately £40 p.w.
Tenure : We understand the premises are held on a secure renewable Council lease, the present lease having approximately 9 years unexpired at a rental of only £4,900 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 3 years.
Uniform Business Rates: £1,900 p.a. approx.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : The business is at present operated by the vendor with the assistance of his wife part time plus 1 full time staff. 3 morning newsrounds. Delivery charge £1.20/£1.50 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
