| (REF: C7784) Profitable Counter News, Confectionery, Tobacco, Greeting Cards, Soft Drinks |
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| Seller Reference: |
C7784 |
| B4S Reference: |
29874 |
| Asking Price: |
£69,999
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£166,400 |
| Number of Staff: |
2 |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Leicestershire, the East Midlands, United Kingdom |
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Nationwide are pleased to offer to the market : SINGLE FRONTED MEDIUM SIZED SALES SHOP, carpeted. The equipment includes counter, electronic cash register, 1 upright single door drinks display fridge (on loan from Coca Cola), 1-2m open cool display unit (used for soft drinks), 1 revolving card stand (on loan), shelving, ice cream deep freeze (owned) etc.
To the REAR of the premises is a COMMERCIAL KITCHEN used for the preparation of burgers, doner kebabs, salad boxes etc. The kitchen as a lino floor, stainless steel extractor unit, stainless steel cladding to walls, 6-burner gas cooker with oven, small deep fryer, 1 stainless steel fridge etc.
The food prepared in the commercial kitchen is sold from the shop, however, is not included in the Newsagents turnover as, as stated above, the vendor at present receives a rental income of £150 p.w. for letting the commercial kitchen. This arrangement we understand can continue in or indeed it could be take over to operate by the owner of the newsagents.
WE ARE INFORMED the turnover averages £3,200 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 licenses and also with additional opening hours. Wholesale newsbill £200 p.w. Gross profit 25% approx. In addition the business has on line national lottery plus scratch cards and we understand this provides a commission of approximately £100 p.w. The business also sells Top-ups and we understand this provides a further revenue of approximately £40/£50 p.w. In addition there is an external ATM machine which we understand provides an average revenue of approximately £600 per month.
We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £9,750 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 3 years. (As will be appreciated with the current rental income from the Catering Kitchen of £7,800 p.a. plus the additional revenue from the external ATM machine of £7,200 p.a. there is at the present time a total income of £15,000 p.a. thus providing a profit rental at the present time of £5,250 p.a).
Uniform Business Rates: £1,800 p.a. approx.
RECOMMENDED FOR EARLY INSPECTION
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £69,999 plus STOCK AT VALUATION (£4,000/£5,000 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 in the form of a SELF CONTAINED FLAT over (also with internal access from the shop), could be sublet to provide additional rental income if not required for personal use. The accommodation comprises:
2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. and wash hand basin
Kitchen with fitted unit
Small yard at rear |
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Location: |
Situated in a parade, excellent trading position, opposite a club, city centre, LEICESTERSHIRE |
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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 - 7.30 a.m. - 5 p.m.
Saturday opening - 9.30 a.m. - 4 p.m.
NO SUNDAY TRADING |
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The business is at present operated by the vendor and no staff are employed. |
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