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Leasehold newsagents and photo lab for sale in Stanford le Hope Essex

Stanford le Hope, Essex

CONFIDENTIAL

  • Leasehold: £63,000
  • Turnover: £156,000 (£3,000 per week)
  • Profit: Not Applicable

Business Details

LEASEHOLD NEWSAGENTS CARDS STATIONERS LOTTERY & PHOTO LAB

ADVERT TEXT
LEASEHOLD
NEWSAGENTS/CARDS/STATIONERS/LOTTERY & PHOTO LAB

LOCATION
Prominently situated on a large shopping parade serving a huge residential area close to Stanford-Le-Hope.

BUSINESS
Well established concern having been in the present hands for some 18 years and now only being marketed as a result of the vendors retirement. The business operates as a newsagents with greetings cards, National Lottery and stationers with a digital photo Lab offering passport photos and color photocopying and framing. Tremendous potential exists for the introduction of longer hours coupled with a wider range of goods including an Off Lic.

TURNOVER
TURNOVER - £3,000 pwk @ 50% GP Lottery sales approx £550 pwk.

NEWSBILL
£350 PWK (No rounds)

STAFF
Currently run by the vendor and his wife.

HOURS
7.30am - 5.30pm Mon to Fri
7.30am - 4:00pm Sat
Closed Sun

PREMISES
Parade premises with single aluminium framed frontage.and free parking to front. Retail Area approx 500 sq/ft. all round display shelving, gondola display, 3 upright refrigerated glass fronted drink cabinets, magazine racking, greetings card racking and free standing card displays, counter with electric cash register, tobacco gantry, ice cream freezer, air con unit. DKS 1810D Mini Lab, Large 12" x 18" printer, 3 colour printers, Photo book binding machine, CCTV system. Store Room to rear with st/stl sink. Fridge. Door to rear. Staff W.C. W/basin. OUTSIDE: Parking for 3 vehicles. Small lock up brick shed.

LIVING ACCOMMODATION
Outside stairs from rear to first floor maisonette comprising: Entrance Hall, Lounge, Kitchen, bathroom, 3 bedrooms. Electric central heating.
Note: The flat is currently empty - but could fetch £1,000 pcm.

OBSERVATIONS
The business is currently run on easy hours by the current vendor as he is winding down to retirement. Great potential to introduce an off Lic and other traing lines along with later opening hours and Sunday trading would we feel greatly increase upon the current turnover.

TENURE
New 15 year lease. RENT - £20,500 per annum. (5 year reviews)

EPC RATING
TBA

BUSINESS RATES
Nil currently payable

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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