Newsagents And Off Licence In Tipton For Sale

Business description

Newsagents & Convenience Store - Tipton

Long Established Business in a Good Residential Area

Taking up to£4.500 per week. Plus Commission Income from National Lottery

Includes Self-Contained Flat with 2 Bedrooms

Price £185.000 (Virtual Freehold)

Or £110.000 for the ground floor shop only (Virtual Freehold)

Or £45.000 Leasehold

OFFERS ARE INVITED

Description and Trade:
A well-established Newsagents & Convenience Store within a parade of shops in a good residential area.

The shop sells Newspapers & Magazines. General Groceries. Beers. Wines and Spirits and Greetings Cards. and earns considerable commission income from the sale of National Lottery tickets. PayZone elecronic payments and a Dry Cleaning agency.

Premises:
Retail Shop (around 520 sq. ft.) with tiled floor.

Fixtures and fittings include: modern wall and double-sided gondola display shelving. greeting cards stands. freezers. chilled drinks cabinets and serving counter.

Rear Stock Room; Kitchen & -.-.---- door to access area. car parking spaces and single Garage.

The Premises are protected with a burglar alarm system. CCTV system and roller shutter to front windows.

Accommodation:
Above the shop is a Flat with 2 bedrooms.

The Flat is let and providing Rental Income of £400 per month (4.800 per annum).

Comments:
An opportunity to acquire a very attractive business with lots of potential to extend opening hours into the evenings to maximise sales of alcohol products.

Our Client Informs Us That:
Takings and Profitability:
Retail Takings average £4.500 per week. with Gross Profits estimated to be around 22%.

Plus Additional Commission Income of around £6.000 per annum from the sale of National Lottery tickets. and also commission income from PayZone and Dry Cleaning agency.

The weekly news bill is around £1.000. with 2 morning. 5 evening and 5 Sunday news delivery rounds in operation.

Trading Hours:
Mon. Tue Thur. Fri: 6.30am 7.00pm

Wed. Sat: 6.30am 7.30pm

Sunday: 7.00am 12.30pm

Staff:
The Business is operated by family members.

Tenure:
The Property in virtually freehold. being held on a long 99-year ground lease from 1974.

Ground rent payable is just £45 per annum. with nominal service charges of around £532 per annum.

Price:
£185.000 plus stock at valuation for the Ground Lease. Property. Business. Fixtures and Fittings.

OR

£110.000 for the ground floor shop only (Ground Lease)

Or £45.000 plus stock at valuation for a new lease. Rent payable £11.000 per annum for the whle property. or £6.000 per annum for the shop only.

OFFERS ARE INVITED

Property information

Property:

Freehold

Living accommodation:

Accommodation Included.