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Related Ads > West Sussex Business for Sale > Leasehold Newsagents to Let > Newsagents in West Sussex for Sale 

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free Off Licence For Sale

Undisclosed West Sussex
Situated in a parade, busy road, residential area, WEST SUSSEX
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 71862
ADVERT IMPRESSIONS : 10,198 TIME(S)

 
BUSINESS SECTOR: Retail
TRADE TYPE: Newsagents
SALE: Agent Sale

LEASEHOLD:

£99950
 

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BUSINESS DETAILS:

Features : NO PARKING PROBLEMS

SPACIOUS SALES SHOP probably in the region of 600 sq. ft. sales area. Newly fitted in 2011 at we understand a cost of approximately £45,000. Ceramic tiled floor, suspended ceiling with concealed lighting, 1 upright double door glass fronted display deep freeze, 2 glass topped chest deep freezes, 2-3.75m open cool display units, all new shelving, centre display gondola, long counter with 2 tills and EPOS scanning etc.

Stockroom
Staff w.c. and wash hand basin

Location : Situated in a parade, busy road, residential area, WEST SUSSEX

Opening Hours : 7 a.m. - 10 p.m. seven days per week

Turnover : WE ARE INFORMED the turnover currently averages £12,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale news bill £600 p.w. Gross profit 23% approx. In addition the business has Paypoint and we understand this provides a further income of approximately £40 p.w.

Tenure : We understand the premises are held ona secure renewable lease, the present lease having approximately 7 years unexpired at a rental of only £6,000 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £1,700 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £99,950 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Accommodation : Although the business is a Lock-up, we understand from the present tenant that there is potential to rent a 2 or 3 bedroom flat in the parade from the same landlord. We understand the accommodation would be made available to an approved applicant on a shorthold tenancy at a rental in the region of £500/£600 per month.

Outside : Small yard at rear with parking space for 1 car for the shop.

Staff : The business is at present operated by the vendor on a part time basis with the assistance of 2 full time and 2 part time staff. It will be appreciated upon inspection that with a more active husband and wife team, the wage bill could be reduced.
   
  FOR SALE
   

REFERENCE:

G6217 / RightBiz
   
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