Profitable Lincolnshire Old Established Newsagents For Sale

Business description

DOUBLE FRONTED MEDIUM SIZED SALES SHOP approx. 350 sq. ft. with lino floor, fluorescent lighting and fully equipped including counter, 1 computerised electronic cash register, 1 additional electronic cash register, shelving, 1 greeting card display stand, 2 revolving card display stands, 1 open cool display unit etc.

Small stockroom with shelving
Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the shop premises are held on a secure renewable lease, the present lease expiring in 2015 at a rental of £7,500 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter.

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over is held on a separate tenancy at a rental of £355 per month. The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin

Location:

Situated in a parade, excellent town centre position, LINCOLNSHIRE

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £9,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £2,500 p.w. Gross profit 20% approx. In addition we understand that there is a commission of approx. £200 p.w. in respect of the sale of on line national lottery tickets plus scratchcards.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £120,000 plus STOCK AT VALUATION (£15,000 approx. plus News Accounts) SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 5.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING
In our opinion there is potential for additional opening hours

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.