Profitable News, Confectionery, Tobacco, Greeting Cards, Stationery Slight Convenience Groceries, Full Free Off Licence | | Undisclosed Kent | | Situated end of parade, occupying excellent trading position, KENT | | ADVERT NUMBER : 68206
ADVERT IMPRESSIONS : 12,023 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £130000 | | | | | BUSINESS DETAILS: | Features : DOUBLE FRONTED SALES SHOP with double door probably in the region of 600 sq. ft. sales area, carpeted, fluorescent lighting. The equipment includes shelving, magazine display shelving, glass fronted display counter, 4 double door glass fronted drinks display fridges (2 owned whilst the other 2 are both on loan 1 from Coca Cola and 1 from Lucozade), cigarette gantry (on loan), ice cream deep freeze (owned).
Stairs to first floor comprising large room plus staff cloakroom with w.c. and wash hand basin
It will be appreciated upon inspection that there is potential for the first floor area to be converted into small living accommodation, subject to obtaining the necessary permission from the landlord.
Location : Situated end of parade, occupying excellent trading position, KENT
Opening Hours : Monday - Saturday inclusive - 5 a.m. - 7 p.m.
Sunday opening - 5.30 a.m. - 4 p.m.
Turnover : WE ARE INFORMED the turnover averages £9,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £1,800 p.w. Gross profit we are advised in the region of 21%. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a further income of approximately £250 p.w.
Tenure : We understand the premises are held on a secure renewable lease from a private landlord, the present lease having approximately 8½ years unexpired at a rental of £16,000 p.a. exclusive of rates for the next 2½ years, with rent review at that time and thereafter every 4 years.
Uniform Business Rates: £3,400 p.a. approx.
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6½ YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Outside : 2 car parking spaces
Staff : The business is at present operated by a husband and wife team with the assistance of their son on a full time basis plus 2 part time staff. 5 morning newsrounds. Delivery charge £1.10 p.w. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
