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

Undisclosed, Essex
Leasehold Price:
Advert ID
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
Annual Turnover: £754,000
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The data showed regarding this advert 'Mainly Counter News, Confectionery, Tobacco, Greeting Cards Slight Convenience Groceries for Sale - C9187 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
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