Counter Newsagents With Off Licence For Sale

Business description

Large service road in front of parade providing ample customer's car parking.

Spacious double fronted Sales Shop approx. with electric remote controlled shutters. Approx. 1,200 sq. ft. sales area with tiled floor, suspended ceiling. Well equipped including counter, 2 electronic cash registers, modern shelving, centre display gondolas, 10 greeting card display stands with drawers, magazine display shelving, large 3.75 metre open display cool unit (for drinks and dairy produce), upright double door drinks display fridge (on loan), 1 ice cream deep freeze, 1 glass topped chest deep freeze, soft ice cream machine etc.

Large stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Lease terms:

The vendors own the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £20,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,600 p.a. approx. + water rates

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, main road trading position, sought after residential area, MIDDLESEX.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £11,500 p.w. Wholesale newsbill £1,500 p.w. Gross profit 23% 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. £225 p.w. The business is also an agent for the sale of bus passes and we understand this provides a further commission of approx. £50 p.w. Also in addition, there is a cash machine and we understand this provides a commission of £70 p.w.

Reasons for selling:

To Include The New Lease, Goodwill, Fixtures & Fittings £185,000 Plus Stock At Valuation (£30,000/£35,000 Approx.). Substantial Loan To An Approved Applicant

Trading hours:

Monday - Saturday inclusive - 6 a.m. - 8.00 p.m.Sunday opening 6 a.m. - 2 p.m.

Financing available:

Substantial Loan To An Approved Applicant.

Contact the seller