Virtually Freehold (leasehold 99 Years From June, 1992 At A Ground Rent Of £5 P.a. Fixed, No Rent Revisions) News, Confectionery, Tobacco, Greeting Ca | | Undisclosed West Midlands | | Busy road, sought after residential area, WEST MIDLANDS | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 63415
ADVERT IMPRESSIONS : 13,512 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £195000 | LEASEHOLD: | £195000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : This old established business has been in the same hands for the past 22 years and is now solely offered for sale due to the vendor's retirement.
Forecourt with parking for 2 cars to -
MEDIUM SIZED SALES SHOP in the region of 350/400 sq. ft. sales area, carpet tiled floor. Counter, electric cash register, 1 upright single door glass fronted display fridge, shelving, 2 upright single door glass fronted display fridges (1 on loan from Coca Cola whilst the other is on loan from Pepsi Cola) etc.
In our opinion as will be appreciated upon inspection, the shop would benefit from being refitted.
Adjoining stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Busy road, sought after residential area, WEST MIDLANDS
Opening Hours : Monday - Friday inclusive - 7 a.m. - 5.30 p.m.
Saturday opening - 8 a.m. - 5.30 p.m.
Sunday opening - 5 a.m. - 1 p.m.
Turnover : WE ARE INFORMED the turnover currently averages £4,000 p.w. in our opinion offering tremendous potential for further increase in the right hands, especially with additional opening hours. Wholesale newsbill £400 p.w. We are further advised that the trading and profit and loss accounts year ending 30th June, 2010 showed £177,253 with a gross profit of £31,843.
Tenure : WE UNDERSTAND THE PROPERTY IF VIRTUALLY FREEHOLD BEING LEASEHOLD PROPERTY FOR A PERIOD OF 99 YEARS FROM JUNE, 1992 AT A GROUND RENT OF £5 P.A. FIXED, NO RENT REVISIONS.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 22 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE VALUABLE LONG LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION (£5,000/£6,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SELF CONTAINED accommodation is at present let on a shorthold tenancy and provides a rental income of £380 per month, however, we understand that vacant possesion can be given on completion, if required. The accomodation with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Kitchen with fitted units
Outside : Small yard at rear
Staff : The business is at present operated by the vendor on his own plus family help when required. 1 morning news delivery round, 1 evening news delivery round. Delivery charge £1 p.w. | | | | | | FOR SALE | | | | | REFERENCE: | C7713 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
