Old Established Self Service Stores Counter Newsagents For Sale

Business description

Service road in front of parade providing customer's parking

DOUBLE FRONTED SALES SHOP approx. 600 sq. ft. sales area, which in our opinion could be extended into the stockroom at rear and indeed have an extension built into the yard at rear, subject to obtaining the necessary planning permission. The shop is equipped with shelving, centre display gondola, counter, electronic cash register, 1 greeting card display stand with drawers, 4 double door glass fronted display fridges, 2 upright single door drinks display fridges, 1 glass topped ice cream deep freeze, 1 glass topped display deep freeze etc.

In our opinion as will be appreciated upon inspection the shop could benefit from a refit.

Stockroom
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of £17,500 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £2,095 p.a. approx.

THIS OLD ESTABLISHED BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 21 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over, with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Bedrooms (1 doubles, 1 single) Bathroom with bath, shower over bath, w.c. and wash hand basin Large Lounge Fitted Kitchen

Location:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, MIDDLESEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £4,500 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £400 p.w. Gross profit 22% approx. In addition there is commission from Oyster and Payzone of approx. £40 p.w. in total.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £49,500 plus STOCK AT VALUATION (£12,000/£15,000 approx). SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £450,000 plus STOCK AT VALUATION (£12,000/£15,000 approx). SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

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

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.