Newsagents With Off Licence For Sale

Business description

SINGLE FRONTED MEDIUM SIZED SALES SHOP with counter, electronic cash register, ice cream deep freeze (on loan), 2 upright double door drinks display fridges (1 on loan from Coca Cola whilst the other is on loan from Lucozade), 1 upright single door drinks display fridge plus 1 upright double door drinks display fridge (both owned and used for wines and beers), 1 greeting card display stand, modern shelving etc.

Cellar used for storage purposes

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 8 years full repairing and insuring lease at a rental of £4,800 p.a. exclusive of rates for the first 4 years, with rent to be agreed thereafter.

Uniform Business Rates: £980 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation comprises: 1 Double Bedroom Bathroom with bath, w.c. and wash hand basin Lounge Kitchen

Location:

Terraced property situated on a main road, residential area, LANCASHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £500 p.w. Gross profit 20% approx.

Reasons for selling:

To Include The New Lease, Goodwill, Fixtures & Fittings £40,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

6.30 a.m. - 10 p.m. seven days per week

Financing available:

Substantial Loan To An Approved Applicant.