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Mainly Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries for Sale

Undisclosed, Essex
Leasehold Price:
£140,000
Status
FOR SALE
Advert ID
250559
Reference
C9187 / Rightbiz
WE ARE INFORMED the turnover averages £14,500 p.w. in our opinion offering further potential to increase, especially with the the introduction of the sale of wines, beers & spirits, subject obviously to obtaining the necessary Premises & Personal License & indeed with additional opening hours. Wholesale newsbill £1,100 p.w. We are further advised that the sales year ending 31st March, 2019 showed £501,666 with a gross profit of £122,825 i.e. 24.48% plus commissions received as follows: on line national lottery commission £13,300. Payzone commission £74. Phone cards commission £864. Bus Pass commission £1,488. E-Pay commission £474. Bus coaches commission £78. Providing a total commission of £16,278 providing an overall gross profit of £139,103. Net profit shown £61,017 before bank charges, bank loan interest & hire purchase.Price : TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Seller Details
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Listing Details
Leasehold Price: £140,000
Tenure: Leasehold
Location: Undisclosed, Essex
Sector: Newsagents, Convenience Stores
Financials
Annual Turnover: £754,000
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