| (REF: C7315) Profitable Old Established Counter Newsagent and Convenience Store |
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| Seller Reference: |
C7315 |
| B4S Reference: |
13276 |
| Asking Price: |
£130,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£338,000 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Surrey, South East England, United Kingdom |
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Nationwide are pleased to offer to the market : DOUBLE FRONTED MEDIUM SIZED SALES SHOP with magazine display shelving plus additional shelving, 2 upright glass fronted drinks display fridges (owned), ice cream deep freeze (owned), 1 greeting card display stand, 1 revolving card stand (on loan), counter, electronic cash register etc.
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering tremendous potential for further increase, especially with the introduction of the sale of wines, beers and spirits, subject to obtaining the necessary licence. Wholesale newsbill £500/£600 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of approx. £130 p.w. In addition the business is agents for bus passes and we understand this provides a further commission of £360 p.w. The business also has Payzone/Top-up Cards and we understand this provides a further commission of approx. £50 p.w.
We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £10,500 p.a. exclusive of rates for the next 2 years, with rent review at that time and thereafter every 5 years.
Uniform Business Rates: £1,200 p.a. approx.
THIS OLD ESTABLISHED NEWSAGENTS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £130,000 plus STOCK AT VALUATION (£12,000/£15,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
The accommodation comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, shower over bath, w.c. and wash hand basin
Lounge
Kitchen with fitted units
Yard at rear |
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Location: |
Situated in a parade, busy road, densely populated residential and commercial area, SURREY. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Friday inclusive - 6 a.m. - 7 p.m.
Saturday opening - 8 a.m. - 7 p.m.
Sunday opening - 8 a.m. - 2 p.m. |
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The business is at present operated by a husband and wife team with the assistance of their son at weekends. |
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