Newsagents With Post Office For Sale

Business description

Outstanding opportunity to acquire an old established Newsagents combined with Sub Post Office, which is owned by a Company and this concern is offered for sale as it has now become surplus to their requirements.

Attractive double fronted Sales Shop approx. 370 sq. ft. sales area, fully equipped for the trade. Please note the EPOS scanning system and computer is not included in the sale.

Property information

Lease terms:

We understand that subject to satisfactory references the landlady is prepared to grant a new 16 years full repairing and insuring lease at a rental of £9,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £2,750 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Living accommodation:

The spacious living accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and we understand provides a rental income of £6,840 p.a. however, we understand that vacant possession can be given on completion if requ

Location:

Situated in a parade, residential area, SURREY

Other information

Expansion potential:

WE ARE INFORMED the average weekly turnover for the 43 week period ending September, 2007 showed £2,354 inclusive of VAT plus on line national lottery and Etop Ups. Retail newsbill average £723 p.w. Post Office salary £27,346 p.a. approx. We are further advised that the sales for the 43 week period inclusive of VAT showed as follows:

Cigarettes & Tobacco £41,679
News & Counter News £31,113
Books £7
Standard Confectionery £11,025
Ice Cream £843
Minerals £5,927
Crisps & Snacks £1,346
Stationery £367
Toys £21
Cards £2,429
Groceries £246
Sundries £3,566
Delivery Charges £2,684
Lottery £73,028
ETop Up £9,710
TOTAL SALES £183,991
Gross profit (before shrinkage) £20,900 plus Post Office Salary of £22,763 providing a total gross profit of £43,663

Reasons for selling:

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

Trading hours:

Monday - Friday inclusive - 6 a.m. - 5.30 p.m.
Saturday opening - 6 a.m. - 5 p.m.
Sunday opening - 7 a.m. - 1 p.m.

Financing available:

Substantial Loan To An Approved Applicant.