News-Agents With Off Licence For Sale

Business description

DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area with fluorescent lighting. The equipment includes counter, electronic cash register, cigarette gantry (on loan), 2 upright double door drinks display fridges, ice cream deep freeze (owned), 1 greeting card display stand, 2 upright single door drinks display fridges, magazine display shelving, CCTV system with 4 cameras, monitor plus recording etc.

Stockroom
Kitchenette with sink
Staff w.c.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease for a period of 20 years from the 22nd July, 2002 at a current rental of £9,700 p.a. exclusive of rates up to 22nd July, 2010, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £4,600 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Main road trading position, large residential area, MIDDLESEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £5,000/£6,000 p.w. in our opinion offering terrific potential for further increase, especially with the introduction of additional stock. Wholesale newsbill £480 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 between £60/£70 p.w. In addition the business sells top up cards and we understand this provides a further income of approx. £25 p.w.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £90,000 Plus Stock At Valuation (£10,000/£15,000 Approx). Substantial Loan To An Approved Applicant

Trading hours:

Monday - Friday inclusive - 6.30 a.m. - 7.30 p.m.
Saturday opening - 7 a.m. - 7.30 p.m.
Sunday opening - 8 a.m. - 5 p.m.

Financing available:

Substantial Loan To An Approved Applicant.