Well Established Counter News, Confectionery, Tobacco, Soft Drinks | | Undisclosed Middlesex | | Excellent trading position, pedestrianised area, MIDDLESEX | | ADVERT NUMBER : 68245
ADVERT IMPRESSIONS : 6,827 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | LEASEHOLD: | £110000 | | | | | BUSINESS DETAILS: | Features : The business occupies an excellent trading position, being opposite to the main entrance to a shopping centre and close to the railway station and indeed bus station.
SINGLE FRONTED MEDIUM SIZED SALES SHOP. The equipment includes counter, electronic cash register, modern shelving, 2 open cool display units (both on loan from Coca Cola), upright double door drinks display fridge etc.
Small stockroom
Location : Excellent trading position, pedestrianised area, MIDDLESEX
Opening Hours : Operated on a 6 day week basis
Monday - Saturday inclusive - 6.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING
In our opinion there is tremendous potential for additional opening hours
Turnover : WE ARE INFORMED the turnover averages £8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands and indeed with the introduction of the sale of wines, beers and spirits, subject obviously to obtaining the necessary licence. Wholesale newsbill £700 p.w. Gross profit 24% approx. In addition the business has on line national lottery plus scratch cards and we understand this provides a further income of approximately £100 p.w. The business also has Oyster and we understand this provides a further revenue of approximately £70 p.w.
Tenure : We understand the premises are held on a secure renewable lease, the present lease having approximately 22 years unexpired at a rental of £14,000 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £6,000 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION (£10,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Staff : At present staff operated. 2 full time staff plus part time staff when required. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
