Well Established And Most Attractive Freehold Counter News, Confectionery, Tobacco, Greeting Cards | | Undisclosed Surrey | | Situated in a parade, excellent trading position, overlooking church and grounds, select residential area, SURREY | | ADVERT NUMBER : 63355
ADVERT IMPRESSIONS : 6,680 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £750000 | | | | | BUSINESS DETAILS: | Features : Outstanding opportunity to acquire a Freehold Counter Newsagents which has been in the same hands for the past 26 years and is now offered for sale due to the vendor's semi-retirement.
ATTRACTIVE SINGLE FRONTED SALES SHOP with double door approx. 650 sq. ft. sales area with carpet tiled floor, suspended ceiling with concealed lighting. The equipment includes counter, 2 electronic cash registers, 11 greeting card display stands with drawers, 3m magazine display shelving, ice cream deep freeze (owned), 2 upright single door drinks display fridges (including 1 on loan from Coca Cola), shelving etc.
Rear office plus storage area
It will be appreciated upon inspection that there is potential to enlarge the shop into the office/storage area at rear.
Staff cloakroom with w.c. and wash hand basin
Location : Situated in a parade, excellent trading position, overlooking church and grounds, select residential area, SURREY
Opening Hours : Monday - Saturday inclusive - 5.30 a.m. - 5.30 p.m.
With the exception of Wednesday & Saturday when the business remains open until 7.30 p.m. for the sale of on line national lottery tickets
Sunday opening - 6 a.m. - 12 noon only
Turnover : WE ARE INFORMED the turnover averages £9,500/£10,000 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 Premises and Personal Licence and indeed with the introduction of convenience groceries. In our opinion there is further potential to introduce news delivery rounds, if desired. Wholesale newsbill £1,800 p.w. The business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £350 p.w. The business is also an agent for Oyster and we understand this provides a further commission of approximately £60 p.w. The business is also agents for Paypoint and we understand this provides a further revenue of approximately £40 p.w.
Tenure : Uniform Business Rates in the region of £7,000 p.a. approx. + water rates
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 26 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S SEMI-RETIREMENT
OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD PROPERTY SITUATED IN AN EXCELLENT TRADING POSITION IN THIS SELECT RESIDENTIAL AREA.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £750,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The spacious living accommodation in the form of a MAISONETTE over, all in GOOD CONDITION, comprises:
3 Bedrooms (2 doubles, 1 single)
Fully tiled shower room with shower, w.c. and wash hand basin
Large Lounge
Kitchen
Outside : Yard at rear with parking space for 2 cars.
Staff : The business is at present operated by a husband and wife team with the assistasnce of 4 part time staff. Wages paid £245 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
