Virtually Freehold Leasehold Property Approximately 960 Years Unexpired At A Ground Rent Of Only £1 Pa Fixed For The Entire Period News, Confecti For | | Undisclosed Cumbria | | Situated in a parade of 7 shops, residential estate, CUMBRIA | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71880
ADVERT IMPRESSIONS : 13,325 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £375000 | LEASEHOLD: | £375000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Features : NO PARKING RESTRICTIONS
SPACIOUS SINGLE FRONTED SALES SHOP approximately 18' x 30' depth with extension at rear approximately 15 years ago providing large storeroom with shelving. The shop has partly tiled floor plus partly carpet tiled, suspended ceiling with concealed lighting, air conditioning and is well fitted including 1 greeting card display unit, modern shelving, counter, 2 tills with EPOS scanning system with back-up computer used for news accounts etc. ice cream deep freeze (used in summer), 1 single door glass fronted drinks display fridge.
Large stockroom at rear with shelving
Office
Small kitchen area
Staff w.c. and wash hand basin
Location : Situated in a parade of 7 shops, residential estate, CUMBRIA
Opening Hours : Monday & Tuesday - 5.30 a.m. - 6 p.m.
Wednesday - 5.30 a.m. - 7 p.m.
Thursday & Friday - 5.30 a.m. - 6 p.m.
Saturday opening - 5.30 - 7 p.m.
Sunday opening - 5.30 a.m. - 1 p.m.
Turnover : WE ARE INFORMED the turnover averages £14,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill £2,700 p.w. Gross profit 20% approx. Post Office salary £48,755 p.a. (including on line national lottery ticket sales plus scratch cards providing an income last year of approximately £14,000).
Tenure : WE UNDERSTAND THE PROPERTY IS LEASEHOLD HAVING APPROXIMATELY 960 YEARS UNEXPIRED AT GROUND RENT OF ONLY £1 P.A. FIXED FOR THE ENTIRE TERM. (We understand from the present owners that the ground rent has not been collected for the last 10 years).
Uniform Business Rates: Nil payable at present after small business relief
THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME FAMILY FOR THE PAST 55 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
RECOMMENDED FOR EARLY INSPECTION
Price : TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Staff : At present operated by 2 partners (brothers, 1 brother each only working every other week) with the assistance of 4 part time in the retail shop plus 1 full time and 1 part time in respect of the Sub Post Office. 8 morning newsboys. Delivery charge 12p per day. | | | | | | FOR SALE | | | | | REFERENCE: | C7836 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
