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News, Confectionery, Tobacco, Convenience Groceries for Sale

Undisclosed, Suffolk
Advert ID
C8835 / Rightbiz
Freehold Price: £300,000
Annual Turnover: £457,600
WE ARE INFORMED the turnover averages £8,800 p.w. in our opinion offering tremendous potential for further increase especially with additional opening hours & the introduction of the sale of wines, beers & spirits, subject to obtaining the necessary Premises & Personal Licence. Wholesale newsbill £2,200 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards providing further revenue. We are further advised that the sales for the 11 month period ending 31st March, 2017 showed £476,766.93 (including commission received of £14,289.42) with a gross profif of £95,936.41 (before wages of £53,399).The accommodation which does require some redecoration, comprises:First Floor3 RoomsGround FloorKitchen/stockroomBathroom with bath, w.c. & wash hand basin (needs new suite)In addition on the ground floor is a room utilized for the marking up of newspapers.Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Listing Details
Location: Undisclosed, Suffolk
Sector: Newsagents
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Advert Reference: C8835 / Rightbiz

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