Profitable Old Established News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, On Line National Lottery Plus Paypoi | | Undisclosed East Sussex | | Situated end of parade of 4 shops, residential area, EAST SUSSEX | | ADVERT NUMBER : 65044
ADVERT IMPRESSIONS : 8,926 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £67500 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED 'L' SHAPED MEDIUM SIZED SALES SHOP with carpet tiled floor, fluorescent lighting and fully equipped including counter, till with EPOS scanning system, ice cream deep freeze (owned), glass topped chest deep freezes (used for frozen foods), 2 double door glass fronted display fridges (1 used for soft drinks whilst the other is used for dairy produce & milk), 3 revolving card stands (including 2 on loan), 6 greeting card display stands (3 with drawers under).
Stockroom (partly shelved)
Staff cloakroom with w.c. and wash hand basin
Location : Situated end of parade of 4 shops, residential area, EAST SUSSEX
Opening Hours : Monday - Friday inclusive - 7 a.m. - 5.30 p.m.
With the exception of Wednesday when the business closes at 5 p.m.
It should be noted that the business closes Monday - Friday inclusive for lunch from 1 p.m. - 2 p.m.
Saturday opening - 7.30 a.m. - 5.30 p.m.
Sunday opening - 7.30 a.m. - 12 noon
Turnover : WE ARE INFORMED the turnover averages £5,200 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject obviously to obtaining the premises licence and the personal licence. Wholesale newsbill £1,600 p.w. We are informed the gross profit is in the region of 25% approx. We further understand the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides an additional turnover in excess of £2,500 p.w which provides a commission of approx £120 p.w.
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 £12,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: Nil payable at present up to October, 2011. We understand the uniform business rates after that time will be in the region of £660 p.a. after small business relief.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 4 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £67,500 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED FLAT over, with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Bedrooms (1 large double, 1 additional double)
Fully tiled bathroom with bath, wash hand basin, w.c.
Lounge
Kitchen with fitted units
Outside : Garden at rear plus garage.
In addition there is a lawn to the side and front of shop.
Staff : The business is at present operated by the vendor. 8 morning newsrounds. Delivery charge £1.10 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
