Counter Newsagents With Off Licence For Sale

Business description

SPACIOUS DOUBLE FRONTED SALES SHOP approx. 850 sq. ft. including rear stockroom.

Tiled floor, suspended ceiling. Well equipped including centre display gondola, modern adjustable shelving, cigarette gantry (on loan), counter, EPOS scanning system with 1 till plus back-up computer, 4 greeting card display stands with drawers, Walls' fridge (on loan) etc.

Rear stockroom
Staff w.c.

Property information

Lease terms:

We understand the premises are held on a new 12 years lease from November, 2007 at a rental of £18,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £3,800 p.a. approx. + water rates (metered)

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation situated in the basement area, which does require some redecoration, comprises: 3 Bedrooms (2 doubles, 1 single) Shower room with shower, w.c. and wash hand basin Living Room Kitchen

Location:

Situated in a parade, excellent main road trading position, sought after locality, MIDDLESEX.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £450 p.w. Gross profit 21% approx. In addition, the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approx. £60 p.w. The business is also agents for Paypoint/Payzone and we understand this provides a further commission of £40 p.w.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £110,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

Monday - Friday inclusive - 6.30 a.m. - 8.30 p.m.
Saturday opening - 6.30 a.m. - 9.30 p.m.
NO SUNDAY TRADING

Financing available:

Substantial Loan To An Approved Applicant.