Profitable Counter News, Confectionery, Tobacco, Greeting Cards, Stationery, Magazines, Ices, Soft Drinks Slight Convenience Grocery | | Undisclosed Middlesex | | Situated in a parade, main road trading position, MIDDLESEX | | ADVERT NUMBER : 66719
ADVERT IMPRESSIONS : 6,403 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £69000 | | | | | BUSINESS DETAILS: | Features : SINGLE FRONTED SALES SHOP approx. 500 sq. ft. sales area with woodstrip floor. Fluorescent lighting, air conditioning. Modern adjustable shelving, 3 greeting card display stands with drawers, counter, electronic cash reigster, 2 upright glass fronted drinks display fridges (1 owned and 1 on loan from Coca Cola), Walls ice cream deep freeze (on loan) etc.
Stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Situated in a parade, main road trading position, MIDDLESEX
Opening Hours : Monday - Saturday inclusive - 6 a.m. - 6 p.m.
Sunday opening - 6 a.m. - 2 p.m.
Turnover : WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £1,200 p.w. Gross profit 22% approx. In addition the business sells phone cards plus top-ups and international phone cards and we understand this provides a further revenue of approximately £60 p.w. In addition the business has Oyster and we understand this provides a further revenue of approximately £150 p.w.
Tenure : We understand the shop premises are held on a secure renewable lease, the present lease having approximately 16 years unexpired at a rental of £11,500 p.a. exclusive of rates for the next 1 year, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,200 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,000 plus STOCK AT VALUATION (£12,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Accommodation : The accommodation in the form of a SELF CONTAINED MAISONETTE over, available as optional extra on a shorthold tenancy from the same landlord at we understand a rental of £750 per month. The maisonette comprises:
2 Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
Outside : Yard at rear
Staff : The business is at present operated by a husband and wife team with the assistance of 1 part time staff. 2 morning newsrounds. Delivery charge £3 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
