Freehold Well Established Newsagents | | Undisclosed Leicestershire | | Situated end of terrace, busy road, densely populated residential area, LEICESTERSHIRE | | ADVERT NUMBER : 66720
ADVERT IMPRESSIONS : 11,934 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £195000 | | | | | BUSINESS DETAILS: | Features : This well established Newsagents has been in the same hands for the past 21 years and is now offered for sale due to the vendor's retirement.
At present operated on short hours mainly for newspaper deliveries, in our opinion offering terrific potential for the retail shop to be open for longer hours.
DOUBLE FRONTED MEDIUM SIZED SALES SHOP with shelving, counter, electronic cash register, greeting card display stand, 2 upright glass fronted drinks display fridges (on loan).
Stockroom
Staff cloakroom with w.c. and wash hand basin
Location : Situated end of terrace, busy road, densely populated residential area, LEICESTERSHIRE
Opening Hours : The retail shop is only open mainly for customer's to pay their news accounts.
Monday - 6 a.m. - 12 noon
Tuesday - Friday inclusive - 6 a.m. - 10 a.m.
Saturday - 6 a.m. - 12 noon
Sunday - 6 a.m. - 10 a.m.
It will be appreciated upon inspection that the business offers tremendous potential for the sales area to contain additional retail stock and indeed with additional opening hours.
Turnover : WE ARE INFORMED the wholesale newsbill is in the region of £650/£700 p.w. in our opinion there is terrific potential to develop the retail shop. The business comprises newsrounds to approximately 300 customers.
Tenure : AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 21 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
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 £500 per month, however, we understand that vacant possession can be given on completion, if required. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Large Kitchen
Outside : Small garden. Garage
Staff : 2 men employed for news deliveries, in addition 3 newsboys employed. Delivery charge £1.50 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
