Well Established News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries | | Undisclosed Hertfordshire | | Main road trading position, residential area on the HERTFORDSHIRE/BUCKINGHAMSHIRE BORDERS | | ADVERT NUMBER : 66632
ADVERT IMPRESSIONS : 13,003 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £44995 | | | | | BUSINESS DETAILS: | Features : Ample Customer's Parking in front of shop
Forecourt to -
DOUBLE FRONTED MEDIUM SIZED SALES SHOP approx. 350 sq. ft. sales area with non-slip floor. The equipment includes counter, 5 greeting card display stands with drawers, 1 revolving card display unit (on loan), modern shelving, ice cream deep freeze (owned), 2 upright double door drinks display fridges (1 on loan from Coca Cola whilst the other is owned), 1 upright single door drinks display fridge (owned), newspaper display stand etc.
Large basement ideal for storage purposes with 1 chest deep freeze
Location : Main road trading position, residential area on the HERTFORDSHIRE/BUCKINGHAMSHIRE BORDERS
Opening Hours : Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 5 a.m. - 1 p.m.
Turnover : WE ARE INFORMED the turnover averages £4,000 p.w. in 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 premises and personal licence. Wholesale newsbill £1,300 p.w. Gross profit we are informed 22% approx. In addition the business has Payzone and we understand this provides a further revenue of approximately £10 p.w.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 9 years unexpired at a rental of £12,500 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £2,500 p.a. approx. (should reduce with small business relief).
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £44,995 plus STOCK AT VALUATION (£8,000/£9,000 approx, plus news accounts).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The SELF CONTAINED SPLIT LEVEL 2 BEDROOM FLAT with separate entrance all in VERY GOOD CONDITION, fully CARPETED and with FULL GAS FIRED CENTRAL HEATING, comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge
Fitted kitchen/dining room
Outside : 1 parking space at rear of property
Staff : At present operated by the vendor's brother-in-law with the assistance of his wife. 3 large morning newsrounds. Delivery charge £2.50 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
