Newsagents & 2 Bedroom Flat | | Ramsgate Kent | | Located in highly populated residential area. No immediate competition in the local area. Same owners since 1980. Annual Sales £315,207. Net Profit £47,088. Potential for off licence. Good-quality 2-bed flat with large garden. Leasehold £89,950. | | ADVERT NUMBER : 67874
ADVERT IMPRESSIONS : 6,034 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £89950 | | | | | BUSINESS DETAILS: | The business is located in a highly populated residential area in the town of Ramsgate, Kent. There is free roadside car parking in front of the shop, and the business has no immediate competition in the local area. The pleasant retail area is very well-equipped for the trade and there are ample storage facilities to the rear of the shop. The good-quality accommodation includes two double bedrooms and a spacious lounge, and the flat also benefits from gas central heating throughout. The property has a forecourt, an attached single garage and a large rear garden.
This very well-established business has been under the same ownership since 1980, and is run by the current owners with assistance from one part-time employee and weekend staff. The business currently sells newspapers, magazines, tobacco, stationery, cards, soft drinks, sweets & snacks, a selection of convenience goods and also has national lottery facilities. The weekly news bill is approximately £1,750 and there are 7 newsrounds. Opening hours are: Monday to Saturday: 5.30am – 6.00pm & Sunday: 6.30am – 12.30pm. New owners may wish to consider introducing an off licence and/or extending the current opening hours.
The most recent accounts show Annual Sales of £315,207 with a Gross Profit (including commissions received) of £79,930. Net Profit is £47,088. The shop premises and residential accommodation are held on a 10-year lease at a current annual rent of only £6,500.
Leasehold £89,950. Ref: T27056Z | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
